PLAStruggling Playboy outsources business ops11/24/09
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Filed under: Forecasts, Deals, EmployeesPlayboy Enterprises (PLA) announced Tuesday that it will outsource all of its publishing operations -- save editorial -- to American Media Inc., reports the Wall Street Journal (subscription required). The Florida-based firm will take the reins on Playboy's pro...
JPMWill JPMorgan chief Jamie Dimon be our next Treasury Secretary?11/23/09
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Filed under: Rumors, Management, JPMorgan Chase (JPM), Options, Politics, DJIA, Financial CrisisA report in The New York Post suggests that Jamie Dimon, CEO of JPMorgan Chase (JPM), could be the logical replacement for current U.S. Treasury Secretary Timothy Geithner. The paper's sources indicate tha...
GPSTraders unimpressed with Gap's 25% profit jump11/20/09
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Filed under: Earnings reports, Gap Inc (GPS), OptionsThursday, The Gap Inc. (GPS) reported that its third-quarter net profit totaled $307 million, or 44 cents per share, up 25% from the year-ago period. Revenue for the quarter added 1% to $3.59 billion, while gross margin surged 380 basis points to 4...
CCitigroup CEO Vikram Pandit to rake in $1 salary11/18/09
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Filed under: Management, Employees, Citigroup Inc. (C)A few lucky executives at Citigroup (C) received base pay raises this year, but CEO Vikram Pandit isn't among them. The bank announced that it will compensate Pandit exactly $1 for his services, with no stock salary. Last year, the chief executive...
CSIQMWCanadian Solar soars to new annual high on earnings beat11/17/09
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Filed under: Earnings reports, Forecasts, Technical AnalysisCanadian Solar Inc. (CSIQ) tagged a new 52-week peak Tuesday morning in the wake of its latest earnings report. The solar company announced that it raked in a third-quarter profit of $25.3 million, or 69 cents per share, while revenue dipped...
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