BMW, the German luxury car maker, reported Wednesday its third-quarter net profit soared and revenue surged on strong demand for luxury cars. “The broad recovery taking place in international car markets gives reason to believe that sales volumes will …
U.S. consumers put shopping on hold in October following the back-to-school season.
MasterCard Advisors’ SpendingPulse, a data service, showed year-on-year declines in spending on items including flat-panel TVs and major appliances, The Associated Press reported.
The lull may continue until the Christmas shopping period begins after Thanksgiving.
Still, the news wasn’t all bad,…
Continue reading Consumers Take Break from Shopping in October
Consumers Take Break from Shopping in October originally appeared on DailyFinance on Wed, 03 Nov 2010 07:44:00.
Filed Under: Company News, Technology, Economy, Retail
Citadel Broadcasting Corp. (CTDBQ) changed its compensation plans for top management after complaints that they violated the terms of its bankruptcy reorganization.
Citadel, the third-largest radio broadcaster in the U.S., exited bankruptcy protection in June owned by creditors including JPMorgan Chase (JPM), The Wall Street Journal said.
R2 Investments, another creditor, said that…
Continue reading Citadel Broadcasting Agrees to Cut Executive Pay
Citadel Broadcasting Agrees to Cut Executive Pay originally appeared on DailyFinance on Wed, 03 Nov 2010 07:31:00.
Filed Under: Company News, Technology, People, Media, JP Morgan Chase
Every quarter, analysts at investment firm Gabelli & Co. come up with five value stocks that are trading way below their intrinsic worth. And their track record at beating the S&P 500 is nothing less than remarkable.
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T-Mobile USA warned that plans to introduce new high-speed mobile technology could go badly wrong for consumers and companies.
Verizon Wireless (VZ) is currently working on a high-speed service for the end of this year, Reuters reported. The service …