11/20/2009
Latest News JM Smucker Co.'s (SJM) acquisition of Folgers Coffee Co. has continued to pay off for the jam maker. The company was able to post higher-than-expected quarterly results thanks to strong margins at its Folgers coffee business. Looking ahead, Smucker raised its full-year 2010 earnings guidance to a range of $3.95 to $4.05 per share. The No. 2 US homebuilder, DR Horton Inc. (DHI), narrowed its fiscal fourth-quarter loss, but still missed analysts' expectations. Quarterly revenues dropped 42% year-over-year, reflecting lower home sales as market conditions in the homebuilding industry continued to be challenging. Shares of Dell, Inc. (DELL) continued to head south on Friday after the company posted disappointing results for its fiscal third quarter that ended in October. The company appears to have a positive outlook despite its recent performance. The world's No.3 PC brand said that its core business of selling computers to companies was returning . First it was journalists, Main Street, and Washington complaining about Goldman Sachs' (GS) bonus fund. Now some of the company's largest shareholders are urging the bank to reduce the size of its bonus pool in order to bolster per-share earnings. Goldman Should Just Ride out the Wave of Outrage Gasparino to Lloyd Blankfein : Just Step Down and Save the Excuses! Professor Buffett Tutors Goldman Is Goldman's Charitable Gesture Enough? Another heated debate took place on Capitol Hill today as frustrations about the rescue of Wall Street and high unemployment boiled over. The end result was The House Financial Services Committee voting to approve a measure that imposes tighter scrutiny on the Federal Reserve. A few more verbal insults against Treasury Secretary Timothy Geithner were also part of the discussion. Why we shouldn't audit the Fed 29 states in the US reported rising unemployment rates , though fewer report joblessness above the national average in October. Women's clothing retailer AnnTaylor Stores Corp. (ANN) reported a third-quarter profit after experiencing a $13.4 million loss during the same period last year. Ann Taylor Dresses for Success with a New Wardrobe
Other Juicy Tidbits 'Bo-Tax' for Health-Care Reform? -- Plastic surgeons shriek as Democrats consider an excise tax on elective cosmetic procedures to raise funds for health reform. Want lower credit card interest? Keep spending , Citi says. President Obama's job-approval rating has slipped below 50% . 10 Reasons to Believe That We're in a Depression Oprah Gets Out Of Her Own Way -- Talk show queen to end show in 2011, allowing her to focus on her eponymous cable venture Why No One Expects a Strong Recovery -- When you repeal sound economic policies you repeal their results. Consumer's Corner The Wackiest Chinese Knock-Offs We're now roughly a year away from the much hyped, much anticipated Chevy Volt going on sale. Here's one opinion on how it feels to drive the car . Black Friday deals: You'll need to dig -- Compared with a year ago, when panicked retailers slashed prices all over, deep discounts will be tougher to find this season. Here's how and where to spot bargains. Dirty secrets of Black Friday Before holiday music takes over the airwaves around us, here are some new releases . A Better Way to Find iPhone Apps
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