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Article Archive for October 2009

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The Fed may lose its ability to bailout huge companies

The Fed may lose its ability to bailout huge companies

According to U.S. Treasury Secretary Timothy Geithner, the Federal Reserve should lose its ability to bail out “big, failing financial firms like AIG and Bear Stearns.”
He said, “Any firm that puts itself in a position where it cannot survive without special assistance from the government …

The fall of the newspaper and why no one needs a subscription

The fall of the newspaper and why no one needs a subscription

The Wall Street Times is one of the largest newspapers in the country. It has subscribers from all walks of life from coast to coast. However, are those readers actually getting out of the newspaper what they were looking for in the beginning?
I honestly don’t …

Pepsi shows everyone the importance of just showing up

Pepsi shows everyone the importance of just showing up

Earlier this year, Charles Joyce and James Voigt sued Pepsi and tow of its distributors in a state court in Wisconsin. Their claim was that PepsiCo stole trade secrets from some of the plaintiff’s confidential discussions in 1981 about selling bottled water. They claimed that …

Sprint lost nearly half a billion dollars in the third quarter

Sprint lost nearly half a billion dollars in the third quarter

Sprint can’t keep itself from hemorrhaging money as well as customers. The nation’s third largest retailer announced their third quarter earnings and they obviously weren’t too great.
As subscribers dropped the carrier, it found itself losing $478 million, 17 cents per share. This is a greater …

Here’s a gift everyone will treasure

Here’s a gift everyone will treasure

Imagine yourself shopping for great Christmas presents at Harrods in London when something catches your eye. It is bright, shiny, and gold. It comes in a range of sizes between two pounds and 27.5 pounds; that’s right, Harrods is carrying gold bars and coins in …