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Thursday, May 24, 2012 - 9:49am
Tiffany & Co's Q1 Earnings Tarnish Its Sterling Reputation
After beating Wall Street analysts' expectations for three out of the previous four quarters, Tiffany & Co (NYSE: TIF) released earnings this morning that missed the mark. The jeweler and retailer released adjusted first quarter earnings of $0.64 per share, while analysts were expecting $0.69...
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Tuesday, May 22, 2012 - 9:47pm
Is Capitalism Ethical? Looking for Morality in the Marketplace
Is it time to reassess whether capitalism is an ethical, morally-proper economic system?I. Road to Freedom, Road to SerfdomOn Tuesday, NPR's Steve Inskeep spoke with the president of the American Enterprise Institute Arthur C. Brooks regarding Brooks' book, The Road to Freedom: How to Win the...
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Tuesday, May 22, 2012 - 9:50am
Obama Economy Leading to Declining Traffic Congestion
If it is true that every cloud has a silver lining, then there must be one for the weak US economy, right? USA Today's Larry Copeland may have found one. On May 21, 2012, Copeland reported that "higher gas prices and a spotty economy recovery" are responsible for the drop in traffic congestion...
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Urban Outfitters Q1 Beats on EPS, Misses on Revenue
Monday, May 21, 2012 - 4:13pmAfter today's market close, Urban Outfitters reported Q1 fiscal 2013 earnings per share of $0.23 vs the consensus analyst estimate of $0.20. The clothing retailer also reported revenues of close to $569 million vs a consensus analyst estimate near $578 million. Including today's results, Urban...
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Monday, May 21, 2012 - 9:32am
View From the Street: Sequoia Fund Investment Day
For those who don't know, the Sequoia Fund is one of the most successful mutual funds out there. It is rated 5 stars by Morningstar and is also one of its select gold rated funds. As the lead portfolio manager, Robert Goldfarb said at the conference at the St. Regis Hotel in New York last Friday,...
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Friday, May 18, 2012 - 11:30am
Financial Stress and Extreme Political Ideologies: Can We Learn from History?
Can humanity afford to have history repeat itself? In June 2010, economist Paul Krugman discussed parallels between contemporary economic policies and events in the 1930s. At that time, Krugman wrote regarding the prospect of austerity policies in Europe: "How bad will it be? Will it really be...
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Thursday, May 17, 2012 - 2:30pm
Worldwide Economic Malaise: Global Disappointment in a Weary World
The Associated Press had an interesting article published on May 12, 2012 discussing global disappointment in Barack Obama's presidency. From the article: "In a world weary of war and economic crises, and concerned about global climate change, the consensus is that Obama has not lived up to the...
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Wal-Mart, Dollar Tree Profits Rise
Thursday, May 17, 2012 - 1:14pmThis morning, Wal-Mart Stores (NYSE: WMT) reported first quarter earnings per share of $1.09, a 12.4% increase from last year. The retail giant's sales also improved, increasing 8.6% to $112.3 billion. Shares of Wal-Mart appreciated more than 5% after it released this news. Dollar Tree (NASDAQ:...
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The Facebook IPO Primer: High Hopes, Big Risks
Thursday, May 17, 2012 - 11:14am
Editor's note: the below is an excerpt from Part One of "The Facebook IPO Primer," written by financial journalist Nancy Miller. Facebook wants to friend the stock market. The Facebook stock offering crowns a long line of hot, high tech visionary companies making their way to the public. Apple (...
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Tuesday, May 15, 2012 - 12:02pm
A New Economic Model? Revisiting Capitalism and Implications of Global Economy
On May 14, 2012, MarketWatch featured an interesting article written by Jason O'Mahony discussing the possibility of a new economic model for the world. The heading to the article stated that "picking either unregulated capitalism or stifling socialism is a false choice." O'Mahony: "Watching the...
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