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Ten Brands That Will Disappear in 2014
Each year, 24/7 Wall St. identifies 10 important brands sold in America that we predict will disappear before 2014. This year’s list reflects the brutally competitive nature of certain industries and...
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Microsoft CEO Ballmer: A Restructuring to What End?
Steve Ballmer, Microsoft Corp.’s (NASDAQ: MSFT) chief executive officer for more than a decade, will try to do what he has been unable to do through most of his tenure. He will begin to rebuild a...
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Top Analyst Downgrades and Stocks to Sell: Barnes & Noble, Vera Bradley and More
Investors frequently get to see the analyst upgrades and Buy ratings from Wall Street firms. What investors often do not get to see is when analyst downgrade stocks to sell or to avoid. 24/7 Wall St....
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Closing Bell for Friday on Wall Street: Markets Bounce to a Mixed Close
U.S. equity markets opened higher this morning after yesterday’s bloodbath. There was no economic data of note released today in either Asia or the U.S. In Europe, the eurozone’s current account...
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Closing Bell for Monday on Wall Street: Markets Open Lower, Claw Back Some...
June 24, 2013: U.S. equity markets opened lower this morning and spent the day trying to move back to break even with Friday’s close. The U.S. markets got no help from Shanghai, where the main Chinese...
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Barnes & Noble Company Earnings Have Evaporated
Barnes & Noble Inc. (NYSE: BKS) reported fourth-quarter and full-year fiscal 2013 results before markets opened this morning. The bookstore chain reported a quarterly diluted earnings per share...
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Closing Bell for Tuesday on Wall Street: Markets Recover on Better Economic News
June 25, 2013: U.S. equity markets opened higher this morning after speculation that China’s central bank would not allow the country’s banking system to collapse. In the U.S., data on housing prices...
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Mergers and Acquisitions: Walmart Buyout of Barnes & Noble
Barnes & Noble Inc. (NYSE: BKS), like rival book company Borders before it, will not survive as a standalone company. That leaves its board and investors with the challenge of where it may find a...
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Barnes & Noble (BKS) Dumps CEO
The chief executive officer of Barnes & Noble Inc. (NYSE: BKS) never really ran the company. The family that has control of the book firm did. But someone had to be the fall guy as Barnes &...
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As Barnes & Noble Nook Fails, New CEO Will Not Matter
As former Barnes & Noble Inc. (NYSE: BKS) CEO William Lynch took the fall for the failure of the company’s e-commerce business, the man who controls the company — Leonard Riggio — got to stay....
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Starbucks Menu Risk as Food Sales Overwhelm Coffee
Starbucks Corp. (NASDAQ: SBUX) continues to surge, as its recent earnings report showed. At about the same time it released the good numbers, it announced a partnership with Danone to sell ready-to-eat...
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Amazon to Add 5,000 Workers, as Worry About Costs Rises
Amazon.com Inc. (NASDAQ: AMZN), which announced a loss in its most recent quarter, will add 5,000 new workers, as CEO Jeff Bezos dares Wall Street to desert him. It will not. As has been true for most...
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Microsoft Surface Tablets Lost Money
According to Microsoft Corp. (NASDAQ: MSFT), its Surface tablet business lost money in the past fiscal year. One clue that the product was in trouble was the disclosure that Microsoft wrote down $900...
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Apple Faces Harsh Punishment for E-book Price Fixing
The Department of Justice today submitted a proposed remedy to the federal court that will issue penalties on Apple Inc. (NASDAQ: AAPL) next week following the court’s finding in early July that Apple...
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Barnes & Noble Releases App for Nook Tablet It No Longer Plans to Build
In what has to be one of the stranger product announcements of recent times, Barnes & Noble Inc. (NYSE: BKS) said on Monday morning that it is releasing a suite of video apps for its Nook and Nook...
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Closing Bell for Monday on Wall Street: Markets Open Mixed, Fade to Lower Close
August 19, 2013: U.S. equity markets opened mixed this morning as the Nasdaq eked out a positive start. The rocky start to the week is being attributed to rising 10-year Treasury yields which hit 2.87%...
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J.C. Penney and Barnes & Noble Earnings — Amazon Wins Again
Investors seems to believe that J.C. Penney Co. Inc. (NYSE: JCP) showed signs of life when it released earnings, and that Barnes & Noble Inc. (NYSE: BKS) admitted it was doomed. No matter which...
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After Gains, Why Best Buy Still Gets Crushed by Amazon
The big question in the retail sector is whether any company can hold on against Amazon.com Inc. (NASDAQ: AMZN). Corner bookstores have all but disappeared, Borders is history and Barnes & Noble...
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Elmore Leonard: Dying Improves Book Sales
Supposedly the works of many great painters do not reach their peak value until the artists are dead. In the case of Elmore Leonard, who sold millions of books when he was alive, a related phenomenon...
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Apple Scores Court Victory in E-books Trial
Apple Inc. (NASDAQ: AAPL) scored a modest victory on Tuesday in a trial related to price-fixing on e-books at its App Store. The same judge who has ruled against Apple on the price-fixing charges gave...
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