McDonald’s Reports Less than Expected Profits
McDonald's might be popular but that doesn't mean they can't have a bad quarter. Just released quarterly profit statements show lower profits than expected and sluggish growth among established restaurants.
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Mercy Hospital Receives $200,000 Gran
Mercy Hospital Research and Development is the recipient of a $200,000 grant. The money is intended to help the hospital develop bio-medical devices. Governor Jay Nixon announced the grant at an event at t the Hammons Heart Institute.
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Trendy Swedish Ski Helmet Company Bought By American Company
When you hit the slopes this winter you might see some trendy Swedish ski helmets. Outdoor sporting goods manufacturer Black Diamond is buying a popular Swedish helmet company(POC )for $43.5 million, to be paid in Swedish kronor, and about 460,000 shares of common stock. Read about this big business deal by following this link.
Lessons to Learn from Reality Television
Reality television might not represent reality for most of us, but that doesn't mean it doesn't have lessons to teach. ABC's Shark Tank shows entrepreneurs as they struggle to get their dreams off the ground. This show has real lessons for entrepreneurs in the real world, according to this recent article.
Potential Legal Problems with Facebook’s IPO
Are insider trading and other potentially illegal actions behind the tumultuous events surrounding Facebook's IPO? It is looking more and more like the answer is yes! Read the full article here and decide for yourself!
General Motors Pulls Facebook Advertising
General motors plans to pull their advertising from Facebook. This announcement comes just before Facebook plans to go public. While their portion of advertising isn't much in comparison to Facebook's overall revenue, it could influence other large advertisers to rethink Facebook spending. Read about it here.
iPod Owners in Class Action Lawsuit Against Apple
iPod owners should be on the lookout for an email regarding a class-action lawsuit against Apple. The suit alleges several things, including a complaint that Apple issued updates that prevented users from using songs other than what they bought from iTunes.
Read the entire story here.
Facebook Co-Founder Gives Up U.S. Citizenship
Facebook Co-Founder is giving up his United States Citizenship in an effort to save millions in tax liability. This will take place before the social media giant goes public and it's apparently a common tactic.
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2 Billion in Loss for JP Morgan Chase
JP Morgan Chase suffered 2 billion in trading loss after what is being called "egregious" failures. They expect even more in loss thanks to a "flawed" positioning.
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Facebook Profits Slip, Expenses Grow
Is Facebook losing it's momentum? They are reporting higher expenses and lower profits than expected for the first quarter. Some are predicting this is just the beginning of the slowing Facebook-profit machine. Read the full article here.