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American Apparel Imperiled By Lender's Repayment Demand
Friday, June 27, 2014 - 9:07am | 184Read More...An American Apparel (NYSE: APP) lender demanded repayment of $10 million, according to published reports. Lion Capital refused to grant a requested waiver on repayment, according to information first reported by the New York Post. The company warned in a filing June 19 that with the firing of...
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Herbalife Drops; Professor Asks SEC To Get Tough With Multilevel Marketers
Tuesday, June 24, 2014 - 3:48pm | 211Read More...Herbalife (NYSE: HLF) have fallen nearly three percent after a business professor urged the SEC to step-up its policing of the company, which some allege is a pyramid scheme. Bill Keep, the business dean of the College of New Jersey, wrote the letter on June 16 and excerpts were published...
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Ginnie Mae To Big Banks: Show Us Your Mortgages. But Can They?
Thursday, April 17, 2014 - 3:06pm | 865Read More...The Government National Mortgage Association (Ginnie Mae) recently discovered that Bank of America (NYSE: BAC) is missing key documents relating to mortgages the bank services for it, Kate Berry reported for National Mortgage News. Because Bank of America is missing so many documents, Ginnie...
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Atlantic Media Executive To Join Time Inc.
Friday, February 28, 2014 - 3:52pm | 402Read More...Atlantic Media's Scott Havens will move to Time Inc. this spring, executive vice president Todd Larsen announced yesterday. Havens joins Time Inc. as the executive vice president of digital. He'll be responsible for the digital development of Time Inc.'s weeklies, such as People, Time and...
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J.C. Penney Shares Rally As New York Post Sees August Turnaround (JCP)
Thursday, August 15, 2013 - 9:29am | 814Read More...Shares of embattled retailer J.C. Penney (NYSE: JCP) rallied sharply late Wednesday and into early trade Thursday following a New York Post report (see tweet below) that August same store sales were tracking higher than forecast. They claim that J.C. Penney was benefiting nicely from back to school...
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BlackBerry Wants A Google-Type Company To Come To The Rescue (BBRY, GOOG)
Tuesday, August 13, 2013 - 10:50am | 498Read More...BlackBerry (NASDAQ: BBRY) has publicly stated that it is seeking strategic alternatives to help the company prosper. Secretly, the company may have a more specific plan in mind. According to The New York Post, BlackBerry is hoping to attract an investor along the lines of Google (NASDAQ: GOOG)....
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Wednesday Was A Day That Bill Ackman Will Want to Forget
Thursday, August 1, 2013 - 7:41am | 640Read More...Even billionaires have bad days at the office. Ackman started the day with CNBC announcing that he had taken a 9.8 percent stake in Air Products and Chemicals (NYSE: APD). Despite announcing a new long position that sent the stock up more than three percent on the day, it’s probably safe...
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Belus Capital's Brian Sozzi Says J.C. Penney Could Be the Next 'Circuit City, Blockbuster or RadioShack' (JCP)
Wednesday, July 31, 2013 - 5:04pm | 537Read More...J.C. Penney (NYSE: JCP) shares plunged in late day trading Wednesday on reports from The New York Post that CIT (NYSE: CIT) was set to pull its inventory financing from the company. Pulling of this sort of financing would be nearly a kiss of death for any retailer, not just one that is struggling...
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Bill Ackman Needs Herbalife to Report Disappointing Earnings Monday (HLF)
Monday, July 29, 2013 - 9:21am | 488Read More...Herbalife (NYSE: HLF) will report earnings on Monday and it’s safe to say that few will be watching more closely than Bill Ackman. The company is expected to report EPS of $1.18—a year over year increase of 7.3 percent and $1.16 billion in revenue—up 12.4 percent from one year ago. Although the...
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Dell Waged a 'Get-out-the-Vote' Campaign Ahead of Wednesday's Annual Meeting
Wednesday, July 24, 2013 - 9:07am | 517Read More...Wednesday should—or might—be the day that Wall Street finally puts one of its most talked-about soap operas of 2013 to rest. At 6:00 pm EDT, Dell (NASDAQ: DELL) will hold its rescheduled annual shareholder meeting. Related: Michael Dell and Silver Lake Backtrack on Previous Remarks, Raise Bid...
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Did Apple Lose the iWatch Trademark in America? (AAPL)
Wednesday, July 3, 2013 - 10:34am | 531Read More...Apple (NASDAQ: AAPL) may have lost the trademark to its next product idea. According to the New York Post, OMG Electronics may have beaten Apple in the race to trademark the "iWatch" name worldwide. While Apple was thought to have filed for ownership of the iWatch trademark in Japan (among other...
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Sony Could Delay Apple's iRadio Launch
Thursday, May 23, 2013 - 9:56am | 570Read More...Next month, thousands of tech industry professionals will head to California for two conferences: the Electronic Entertainment Expo in Los Angeles and the World Wide Developers Conference in San Francisco. The latter is Apple's (NASDAQ: AAPL) annual event where the Mac maker introduces new...
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J.C. Penney Going Back to 'Mark-Up to Mark-Down' Sales Practice
Wednesday, March 27, 2013 - 3:57pm | 544Read More...Ron Johnson's plan for J.C. Penney (NYSE: JCP) has failed. According to the New York Post, the former Apple (NASDAQ: AAPL) executive and current J.C. Penney CEO attempted to radically change the company's pricing structure in an effort to re-shape the brand, but instead the retailer has driven...
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Crafty iThieves Steal $1.5M Worth of iPad Minis
Thursday, November 15, 2012 - 1:47pm | 542Read More...There will be 3,600 fewer iPad Minis on store shelves now that thieves have gotten away with two pallets filled with Apple (NASDAQ: AAPL) devices. According to the New York Post, the heist occurred at JFK after two men used one of the airport's own forklifts to load the pallets into a truck. The...
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Wednesday Market Movers
Wednesday, July 11, 2012 - 12:19pm | 361Read More...Verifone (NYSE: PAY): On Wednesday, Verifone announced that it has been awarded a five year contract by the District of Columbia Taxicab Commission that could be worth between $35 million to $45 million. Under this agreement, Verifone will develop and install support payment systems displays in...













