Category Archives: business
Allergan: Masters of Reinvention
In Vancouver, 1987, Dr. Jean Carruthers told her husband and three sons about her day at work. Little did they know then that their dinner table discussion would soon change the faces of people around the world. Carruthers, a cosmetic … Continue reading
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Low Third Quarter for Lowe’s
Lowe’s reported third quarter net earnings of $488 million, nearly a 25 percent decline from the same quarter in 2007. This is the fifth consequence quarterly drop in profit for the company. Diluted earnings per share declined from 43 cents … Continue reading
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No Need to Forgive Fuld, He’s Not Apologizing.
Rumor has it, last month someone hated Dick Fuld enough to sock him in the face at the gym. This inspired Brian Lehrer to ask listeners on WNYC if they thought punching Dick Fuld would help solve the credit crisis. … Continue reading
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Amazon Pulls Through
After a week of disappointing company earnings rolling in, investors in Amazon had something to cheer about yesterday when the Fortune 500 company announced a net income of $118 million for the third quarter. Those earnings are up a whopping … Continue reading
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Growth Slows, Allergan Still Profitable
Allergan announced third-quarter earnings this morning of $169.3 million, up only 7.5 percent from $157.4 million in the same-quarter last year. A weak growth compared to the 48 percent rise in earnings between the third quarter of 2006 and 2007. … Continue reading
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Soothing Report for Johnson & Johnson Shareholders
Johnson & Johnson’s slogan, “caring for the world, one person at a time,” did not fall flat in the downturned face of world economics. People around the world cared enough about their health needs to support the company’s strong third … Continue reading
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This Election Year is a Loser
If a film were made about the NYSE in the past year, a fitting name for the movie might be “Nightmare on Wall Street,” a slasher film in which Freddie ‘Credit’ Krueger haunts big investment banks and stock prices get … Continue reading
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