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Royal Dutch Shell plc, or as many of us know it as, just Shell announced yesterday that it will have to eliminate 5,000 jobs due to the 62% drop in 3rd quarter net income.
It reported a net income of $3.3 billion or 53 cents per …

Facebook has been operating in the red since the beginning of the company just a handful of years ago. Today it was reported that the company is finally beginning to have profitable operations and that according to CEO Mark Zuckerberg, the company is now cash …

Today the president announced some plans that he and his administration would put into place dealing with tax loopholes and other tax shelters for U.S. companies that try to defer tax payments by keeping profits in foreign countries rather than in the company’s home country. …

Abercrombie & Fitch posted its numbers today relating to its 4th quarter and they weren’t good. Sales for the 4th quarter were down 68% and it only has itself to thank for that.
Chairman and Chief Executive Mike Jeffries said even in the weak economy Abercrombie …

The story of the store that over-expanded. Starbucks has been the butt of many jokes for years because of its odd store locations, sometimes across the street from each other. Well, now it appears that those days are numbered.
Last year, Starbucks closed several hundred stores …