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The number of millionaire households in the world dropped from 11 million in 2007 to 9 million last year, a fall of almost 18%, according to The Boston Consulting Group. The figure was worse in North...
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Several consulting firms post annual figures for the world’s most valuable brands. The two best known are probably the Interbrand and BrandZ surveys. They are notably different, up until now at...
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These are the top analyst upgrades, downgrades, and initiations seen from Wall Street early this Thursday morning: AMAG Pharmaceuticals (NASDAQ: AMAG) Cut to Hold at Citigroup. Apple Inc. (NASDAQ:...
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In a recession, the poor get poorer, and as Merrill Lynch study today suggests, the poor get poorer still, which has forced Coach Inc. (NYSE: COH) to make big changes that are helping to separate it...
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This weekend will mark the annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B). In the past, this has been considered the Financial Woodstock. But this is a much...
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Rio Tinto plc (NYSE: RTP) owns a majority stake in a diamond mine in Canada’s Northwest Territories, and apparently has no intention of selling that stake to Kinross Gold Corp. (NYSE:KGC), as...
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Warren Buffett has been a much more reserved lately, although not as much as the recent performance might dictate. In the latest Berkshire Hathaway Inc. (NYSE: BRK-A) annual report, he sounded like a...
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These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens: Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at Global Crown. Biomarin...
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Tiffany & Co. (NYSE: TIF) scored the big fish. The luxury jewelry retailer issued notes to Warren Buffett’s via units of Berkshire Hathaway, Inc. (NYSE: BRK-A). Get Ready To Retire...
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According to Reuters, Steve Jobs will take a medical leave from Apple (AAPL) until June 30. Reuters reports that Bank of America (BAC) is in discussions with the government to get billions of extra...
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Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of 2009. Wall St. is bracing for a...
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According to Reuters, markets in Asia and Europe ross about 2% Reuters reports that the downturn in the Chinese economy deepened. Reuters reports that BHP Billiton (BHP) was gloomy about its...
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Updated: 31 October 2008 Not all companies and industries will be hit equally hard by the consumer credit crisis. Operations such as Procter & Gamble (PG), McDonald’s (MCD), and Wal-Mart (WMT)...
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These are some of the top analyst Downgrades and negative calls we are seeing early this Friday morning: Abercrombie & Fitch (ANF) Cut to Neutral at Banc of America. Affymax (AFFY) Cut to Hold at...
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Most large corporations amplify the distrust that the common man has for them by making misstatements from time to time. It is Wal-Mart’s (WMT) turn in the gauntlet of public opinion. The world’s...
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