Category: Uncategorized

AIG’s $15.5 Billion Deal with MetLife Another big selloff for America’s problem child On Monday, American International Group, Inc. (AIG) publicly announced its intentions to sell its American Life Insurance Co. unit to MetLife Inc. The deal that is valued at $15.5 billion in cash and stock marks embattled AIG’s second large sale of an…

Tommy Hilfiger Brand Sold for $3 Billion In an agreement that will bring more spotlight to the international catwalk, Phillips-Van Heusen Corp. (PVH) has agreed to a $3 billion deal to purchase clothing company Tommy Hilfiger B.V. The deal consists of 1.924 billion euros ($2.64 billion) in cash, 276 million euros ($379.2 million) in PVH…

Tomatoes by Request Only The restaurant industry is gritting its teeth as it struggles to find solutions to the shortage of tomatoes that resulted from a surprisingly tough Florida winter. According to the Florida Department of Agriculture, anywhere from 60% to 70% of the state’s winter crop was destroyed by unusually cold winter weather this…

CVS Caremark Criticized by Congress CVS Caremark Corporation (CVS) is receiving an earful from lawmakers calling for regulatory actions to prevent the company from becoming too large and powerful. Fearing that the company is on the verge of monopolizing the market, independent and small-chain pharmacists are arguing that CVS has been using its status of…

Primerica’s Initial Public Offering Jumps 30 Percent Prior to the holiday weekend, shares of Primerica Incorporated (PRI.N) jumped to levels as high as 30 percent above its initial public offering price on Thursday. The heightened interest in Primerica comes from optimism that the company is in a prime position to benefit from the rebounding economy.…

Monday Oil Prices Surpass $85 a Barrel Oil prices jumped beyond $85 a barrel on Monday morning as investors anticipate a growing demand for crude as a result of improving numbers in the U.S. job market. The numbers are exciting for many investors, especially when prices were down to $69 a barrel in February. Monday’s…

Starbucks To Invade Asian Market Seattle-based coffee chain, Starbucks, is preparing a strategy to expand its operations in China and throughout Asia. In anticipation of more positive numbers for this quarter following the first gains posting in two years in the prior, the company’s Chief Executive Howard Schultz discussed his company’s plans to expand operations…

Toyota Vehicle Receives “Don’t Buy” Warning Toyota may soon find itself tangled up in yet another public relations catastrophe as the company’s popular Lexus GX 460 SUV has been slapped with a “Don’t Buy” warning. Following tests that were conducted on the model to gauge safety performance, Consumer Reports issued the rare and sales-unfriendly “Don’t…

Congress: No More Carry-On Fees! Public outrage over increased fees by airlines has reached a boiling point, and now members of congress are taking a stand. Do you remember the recent carry-on baggage fees that Spirit Airlines introduced in effort to force customers to pay for use of the overhead storage bins? If the heightened…