Tag Archives: Money
Darden Restaurants, parent company to Olive Garden and Red Lobster, is warning that while 3Q will be profitable, it will also come in under Wall Street expectations. The company is also cutting its outlook for the year. While this is … Continue reading
The Post Office was going to have to do something to cut spending and now it announces that it will stop delivering mail on Saturdays. It will, however, continue its lucrative package delivery service for six days a week as … Continue reading
It seems most of the world has forgotten about the tragedy from the nuclear meltdown at Japan’s Fukushima Daiichi six reactor nuclear power plant (NPP) complex March 11, 2011. Not everyone has forgotten, however, especially in Japan. Could nuclear worries … Continue reading
In an effort to cut costs and save around $300 million, the University of Phoenix says that it will be closing as many as half its physical locations, around 115 in all. After the closures, the university will be left … Continue reading
The whole thought that cash investments would be moving out of China and not in would have been inconceivable just a few years ago. But with the Chinese economy now stagnating, that appears to be exactly the situation. A new … Continue reading
The shakeup at the top of Citigroup has left Michael Corbat now minding the store, but what does that mean for Citigroup moving forward? Corbat comes from the foreign division and was in charge of selling off assets for the … Continue reading
Russia is the world’s second largest tobacco market behind China, but if the government has its way those numbers are going to go down. Russia has just launched a new crackdown on smoking with a ban on cigarette advertising and … Continue reading
The euro crisis still has the ability to destroy the member union and Germany needs to step in and make this doesn’t happen, this according to billionaire George Soros. Soros believes it is Germany’s responsibility to stop the crisis before … Continue reading
Vikram Pandit was a rock star in the business world. Some even give him credit for almost single-handedly saving Citigroup during the 2008 financial crisis. But he was fired suddenly by the powerful board of directors over at Citi, and … Continue reading
Just earlier this month Verizon Wireless began selling reports containing customer information like their phone usage and browsing activity. It’s not surprising that this has upset more than a few people, but does it violate federal wiretap laws? Whether it … Continue reading
