Overstock.com in Trouble Over California Ads
Utah-based Overstock.com Inc. is currently under attack as district attorneys from different counties in northern California claim the discount retailer has made several misleading and false statements regarding its promotions and deals.
In the 33-page complaint lodged at the Alameda Country Superior Court, the district attorneys asserted that starting from the ... Read More
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China To Take Action Against Rising Cost of Food
According to Chinese Premiere Wen Jiabao, Beijing will soon implement measures in hopes that the sharp rise in prices of politically-sensitive food items will stop. This is in line with the country's efforts to win the battle against a steep cost of living.
Wen, China's top economic official, stated that the ... Read More
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Disney Reports A Soft Fourth Quarter Despite Strong Year
On Tuesday, The Walt Disney Company posted unexpectedly low fourth quarter earnings due to some of ESPN’s revenue shifting to the third quarter and general weakness in the company’s theme park ventures.
Uncharacteristically for Disney, the company was in chaos on Thursday when one employee posted the latest financial reports earlier ... Read More
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Inflation Rate Rise Causes Concerns in China
A higher-than-expected rise in China's inflation rate sparked worries that the country would need to up its interest rates thereby slowing its economic growth.
Consumer prices in China increased 4.4 percent in October, compared to an increase of 3.6 percent last September, much higher than the 4 percent rise originally predicted.
The ... Read More
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Amazon to Acquire Diapers.com in $540 Million Deal
E-commerce giant Amazon is set to announce on Monday that it has clinched a deal to buy Quidsi, the owners of websites Soap.com and Diapers.com. The agreement called for a $540 million cash payout, with the co-founders of Quidsi agreeing with Amazon's requirement for long term employment contracts.
The cash payout ... Read More
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US Retail Stores Offer Sales Promos Early
Major US retail stores have begun offering different holiday sales promos this weekend – three weeks earlier than the traditional commencement of the Christmas shopping season in the US, which normally takes place on “Black Friday”, or the end right after Thanksgiving.
JC Penney, with their “Biggest Sale of Them All” ... Read More
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BP Payouts Are Down
Anyone counting on BP Payouts may be waiting a very long time. In September the number of claims denied, stood at only 125. By November 1, that number rose to more than twenty thousand. The drastic increase in the number of denials coincides with a significant increase ... Read More
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Visa Sees Higher Quarterly Profits
Visa, Inc. reported quarterly profits on Wednesday, October 27. The largest electronic payment firm that process transactions world-wide, posted $774 million in profit for the quarter. This translates to $1.06 per share. With adjustments that included the revaluation of the put option for Visa Europe, the Visa ... Read More
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Do Currency Wars Produce Winners?
You may have thought that you heard it all before in terms of currency wars. Someone cries that there is going to be a currency war and then nothing happens. However, things have changed a bit this time as the head of the International Monetary Fund (IMF) has warned that ... Read More
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Insider Trade Alerts for Marriott Found
Insiderslab.com issues new research reports that highlight large insider trades found in Marriott, BMC, Brigham Exploration, Tellabs, Range Resources, & Gilead Sciences. Read our research reports with Interactive Insider Trading Charts and Insider Trade Statistics below.
Insiders refer to company Top Executive Officers (CEOs, CFOs, COOs) and Directors who are involved ... Read More
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