The chain still has quality management and strong retention rates.
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The federal trade commission targets the cereal giant twice in two years for false claims about its products.
Kellogg (K) has had a difficult go of things in the wake of the recession, lagging rival packaged foods companies in the industry as it struggled to connect with consumers. Recently the company has been looking to turn sales around with ad campaigns that focus on how its cereals help kids stay healthy and attentive in school.
The only problem is that according to the Federal Trade Commission, Kellogg is just making up those claims. For the second time in a year, FTC officials have taken the cereal giant to task for misleading consumers by claiming Kellogg’s Frosted Mini-Wheats cereal makes kids do better in school and that its Rice Krispies ward off the common cold.
“We expect more from a great American company than making dubious claims – not once, but twice,” said FTC Chairman Jon Leibowitz.
The debut of Agricultural Bank of China will tell investors a lot about the market.
Have I got a China indicator for you!
Like a lot of investors, I think the selloff in Chinese stocks marks a buying opportunity -- sometime in 2010.
The Shanghai Composite Index is down 22% in 2010, and the market is deep into bear market territory. But that doesn't mean it can't get cheaper still. So, when should you buy?
Young Mark Zuckerberg, pressed on privacy settings, says company is doing what it thinks is right.
Zuckerberg, 26, now sits astride a social-networking monolith, with some 540 million monthly users around the world.
Quitting Facebook protest recently).
Governments across the country want to get rid of plastic grocery bags. Here are stocks that could be affected.
This is a growing trend nationwide. Cities across the country are quashing plastic bags in hopes that people will bring their own reusable bags when they shop.
Just for fun, I thought I'd look up which stocks might be affected by this movement. Here are some of the largest makers of plastic bags and polyethylene resins, according to the American Chemistry Council:
After defending Goldman Sachs and Moody's, the Oracle of Omaha is getting hit with criticism.
Public opinion is turning against Warren Buffett.
The billionaire investor is getting raked over the coals this week after defending credit ratings agencies like Moody's, saying that lots of people -- himself included -- did not expect the economy to implode.
"The entire American public was caught up in a belief that housing prices could not fall dramatically," he told a panel looking into the financial meltdown, according to The Associated Press.
The euro's trajectory isn't broken, but the velocity of its decline is. And that's enough to rebuild both confidence and capital in the market.
By Jim Cramer, TheStreet
Why isn't some hedge fund, or some group of hedge funds, out there trying to crack the euro? Or is there one – or several – and the euro has hit a floor now that there are so many more bears than bulls on it?
A very complex and difficult dynamic out there has suddenly shifted, allowing us to think about individual stocks again. Oil has bottomed – thanks for that great call Dan Dicker – at $70. The economic data in this country has been unbelievably strong, as Doug Kass points out, and the possibility of a terrific employment number on Friday still exists, stoked by President Obama's words Wednesday. The Chinese stock market seems to have stopped going down, and weaker numbers from China are now being viewed positively as a sign of a soft landing – although that view has not been articulated on TV yet, other than on my "Mad Money" show.
So we have a barometer of economic strength – oil – saying things aren't so bad, and we have a major economy that gets better and better.
Investors are seeing turmoil as the governments of Japan and Spain are rocked by unrest.
Political risk moves stock markets.
Investors are getting a reminder of that from Japan, where the resignation of Prime Minister Yukio Hatoyama has sent the yen falling against all but one of the world's most traded currencies. The Nikkei 225 stock index is down more than 1%.
And they're likely to get another refresher in coming weeks from Spain, where the government of Prime Minister Jose Luis Rodriguez Zapatero is struggling to stay in power.
The company stops offering unlimited data for a set monthly price.
Starting Monday, AT&T customers will no longer get unlimited Internet access for a set monthly price. Instead, they'ill pay either $15 a month for 200 megabytes of data or $25 a month for 2 gigabytes. Try to imagine 200 megabytes as the equivalent of about 400 photos, according to USA Today.
Customers can still go over that limit, they'll just pay more depending on how much data they use. The company says that 98% of customers use less than 2 GB. Previously, iPhone customers paid $30 a month for unlimited data.
The company returns to wine and beer in hopes of boosting flagging sales.
Shares of Walgreen (WAG) were up 2.5% Wednesday to $32.82 on news that the company will start selling wine and beer again.
It's about time. Rivals CVS Caremark (CVS) and Rite Aid (RAD) sell wine and beer in many locations. Without those items, Walgreen became more of a drugstore and less of an all-around general store.
Analysts are applauding the move, saying it will help Walgreen recover some of the sales it lost in the recession. Sales at the front end of Walgreen stores dropped 2.6% in April, The Wall Street Journal reports.
A woman is suing Citigroup, claiming she was fired because she's just too attractive.
One news story has really hit the trifecta of poor taste this week.
First, you have the woman whose ego is so colossal that she thinks she was fired from Citigroup (C) for being too hot. Next, there's a crazy 20-picture photo spread in the Village Voice to prove that she is indeed smoking (and yes, she is).
Finally, there's her inevitable lawsuit against the bank, in which she claims her bosses couldn't concentrate because of her hotness and banned her from wearing turtlenecks, pencil skirts, 3-inch heels or fitted business suits. (What's left, a muumuu?)
The world's largest car-sharing service has been losing money since it was founded a decade ago.
This post comes from The Big Money's Matthew DeBord.
Is car-sharing about to have its market moment? So it would seem, as Zipcar, the country’s best-known car-sharing service (and the world’s largest) filed for an IPO with the Securities and Exchange Commission on Tuesday.
The Cambridge, Mass., company’s modest goal is to take what was once a stalwart of crunchy, Northeastern hippie culture (it reportedly got its start with a single VW bug), raise $75 million and position itself among the dominant players in an industry that could be worth billions.
Or an industry that could never find its momentum.
Without a decrease in unemployment, stabilization of Spanish banks and an end to the oil spill, rising stocks are just selling opportunities.
By Jim Cramer, TheStreet
The market mocks us daily. With Europe and oil both coming down, we want the futures to come down with them. After Tuesday's brutal session -- when a ton of money went to work and then disappeared in the ether -- we don't need to be skunked again.
So what do the futures know? That the last half hour was "phony" as I have been saying? That we can ignore Europe, as it is simply catching up to our downside? That Tuesday’s banking and tech gains can override the weakness in Banco Santander and BBVA (BBVA)? That the euro seems to have a hard time going through 122, perhaps because of central bank buying? That China didn't go down or that the Aussie mining tax is going to be less onerous than we thought?
You add these up and I think you get nothing, nothing that is worth keeping stocks for. Remember, we need to see a number of things happen for a solid move up.
Some competitors could make a run at BP if the price is right and the risk seems low enough
As cleanup costs mount and with no end in sight to the undersea oil gusher in the gulf, investors have started to take a hard look at the reality at the disaster’s impact on BP (BP). The company has shed more than $70 billion in value since April 20 when an explosion on one of its oil rigs in the Gulf of Mexico sparked the worst crude oil disaster in U.S. history.
Some say that things could get even worse as the blowout on the ocean floor continues to wreak havoc and the price tag continues to mount. But many others say the sell-off is overdone, and that investors would be wise to buy shares at what could be bargain valuations.
Yet another possibility is a buyout by one of BP’s bigger oil rivals – and here’s who would be the most likely suitors:
A new survey shows MOT and its Droid rank second only to Apple and its iPhone when it comes to "very satisfied" smartphone buyers
Motorola (MOT) has been one of those stocks that investors love to kick around. It peaked at almost $60 a share during the tech bubble days of 2000, slumped to $20 a share in 2006 amid increased competition from smartphones, and bottomed out at about $3 a share in March of 2009.
But Motorola has staged a comeback. The stock has almost doubled in the last year and a half with all the buzz behind its Google (GOOG) powered Droid handset. What’s more a recent ChangeWave smartphone survey shows Motorola now ranking #2 among “very satisfied” customers -- only trailing Apple (APPL) and its vaunted iPhone. But will this mean continued success for the stock?
The car-sharing company is hoping for as much as $75 million in a public offering.
The idea behind Zipcar is simple: Members can reserve one of the company's cars by the hour or day. The reservation includes gas and insurance.
The company has 400,000 members, and 7,000 cars for them to use. But is the stock a buy? Let's get into the numbers:
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[BRIEFING.COM] The major averages finished the session on a lower note as the S&P 500 lost 0.4% while the Nasdaq shed 0.1%. The Russell 2000, which paced the retreat on Tuesday and Wednesday, added 0.2%, trimming its December loss to 3.5%.
After spending the first half of the session in a steady retreat, the S&P 500 found technical support in the 1772 area. Upon reaching that level, the index reversed sharply, and marched back to its flat line. There was no particular catalyst ... More
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