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Article Archive for April 2009

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Starbucks announces a 77% drop in 2nd Quarter earnings

America’s most popular coffee chain, Starbucks, announced a second quarter earnings drop from $108 million last year to $25 million the same quarter this year.
The Seattle coffee giant (NASDAQ: SBUX) said it recorded one-time restructuring charges of $152.1 million in the quarter that were partly …

Time Warner may spin off AOL division

AOL and Time Warner merged about 8 years ago and ever since the merger has seemed like a bad fit and a failed attempt at a merger to make an entertainment giant. Today Time Warner disclosed plans to spin off AOL in an attempt to …

Seminary School in Denver

The Iliff School of Theology is a seminary school that is located in Denver, Colorado. The school offers some pretty interesting religion based degrees such as the Master of Divinity which is designed for those who want to be ordained.
The Denver Seminary also has …

Kenneth Lewis out as Bank of America Chairman

Kenneth Lewis out as Bank of America Chairman

This evening Kenneth Lewis was replaced as the chairman of the board of Bank of America. After the company adjourned its annual meeting, it announced the change in management. Shareholders voted 50.3% in favor to split the roles of chairman and CEO. Kenneth Lewis had …

Nokia plans to cut 450 jobs

Finland based Nokia announced today that 450 worldwide positions in the company would be cut so it can focus on a corporate wide realignment structure.
Nokia’s plan includes the streamlining of its information technology and compatibility and industry collaboration activities in its corporate development office, the …