On Tuesday Tyco agreed to pay $3 billion to settle their shareholders claims that Tyco’s former CEO and other top officials looted the company and inflated its value. This settlement is expected to resolve this legal matter. Read more…
Skybus Airlines started service yesterday with $10 tickets for a trip from Columbus, Ohio to Burbank, California. Soon they will also be flying from Columbus, Ohio to Kansas City, Missouri and Portsmouth, New Hampshire, which is near Boston. Read more…
On May 4 Sony Entertainment released its highly anticipated superhero film Spider-Man 3. This was also the first of the summer’s blockbusters to be released. This week Dream Works will release Shrek the Third and then Disney will release Pirates of the Caribbean: At World’s End, followed by Time Warner who will be releasing such movies as Harry Potter and the Order of the Phoenix. Read more…
Home Depot and Wal-Mart are the 2 largest U.S. retailers. On Tuesday these companies reported very different first-quarter earnings. While Home Depot claimed to have had a 29% drop in profit, Wal-Mart reported an 8% increase. Read more…
You should know that mutual funds that distribute large dividends will provide you with better odds of maximizing your financial growth and maintaining a comfortable life style for yourself, regardless of whether the financial markets go up or down. This is because mutual funds that provide distribution will enable you to increase the total number of shares you own because you will be able to reinvest them. Read more…
Disney is now trying to make a profit off of the growing number of people who want to download music online. They have launched an online store for people to purchase 1,500 kid songs and 19 music videos. This web site is called Disney Mix Central (DisneyMixCentral.com). Read more…
While Google has been doing well when it comes to Internet advertising, Microsoft has been having so many problems that they now feel the urgent need to do something. This may lead Microsoft to pay $50 billion to acquire Yahoo in order to challenge Google. With this news Yahoo’s stock prices went up to $2.80 per share on Friday. Read more…
On Wednesday stocks jumped past 13,200 and the Dow rose 75.74, or 0.6%, to 13,211.88 for the first time in quite a long time. At the same time, the Nasdaq composite index rose 26.31 (1%) to 2557.84. This is mainly due to how well U.S. factories have been doing recently thanks to a strong demand for commercial aircraft. Read more…
Today entrepreneurs have a big choice to make: Will they make their fortune in stocks or will they make their fortune from opening their own business? Sometimes this is a difficult choice for them to make. Read more…
