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Posts from ‘January, 2012’

Prada’s Powerful Patrician Panache

Milan Entitled “Il Palazzo” and featuring a rarefied list of major league actors - Adrien Brody, Willem Dafoe, Gary Oldman and Tim Roth, to name a few - the latest runway show by the house of Prada was a fashionable statement on the power of dressing, rather than just powerful dressing.
Attired, nearly [...]

Conoco says reaches China spill compensation deal

The oil spill covered about 2,500 square miles (6,200 sq. kilometers) of water surface. It drew attention to pollution in the Bohai region due to industrialization, oil drilling and fast population growth that has decimated sea food and fish stocks and caused frequent red tides.
It said 10 percent of the money would go to the [...]

Best Buy’s profits squeezed by discounts

“It is a very delicate balancing act. It is tough to get it right,” said BB&T Capital Markets analyst Anthony Chukumba.
Excluding items, it earned 47 cents a share, missing the analysts’ average estimate of 51 cents a share, according to Thomson Reuters I/B/E/S.
Total sales rose to about $12.10 billion, missing the analysts’ average estimate [...]

`Frenemies’ take a fashion field trip in NYC

NEW YORK It goes with the teenage territory: Girls gush over their friends and each other’s wardrobes.
But maybe that BFF should wear just a few more casual outfits. Right back at her with, “You should wear more skirts.”
Hmmm, sounds like the “Frenemies” are at it.
A new Disney Channel movie called “Frenemies” debuts Friday night, [...]

Jabil sees Q2 largely below estimates, shares fall

(Reuters) Contract manufacturer Jabil Circuit Inc (JBL.N) posted quarterly revenue below analysts’ estimates as its large customers battled inventory pile-ups, and sees lower revenue in the second quarter from its high-velocity segment which services digital products.
Shares of the company were down 4 percent at $19.17 in extended trade on Tuesday.
Jabil, which supplies to Cisco [...]

JPMorgan sued for $95 million over mortgage securities

(Reuters) JPMorgan Chase & Co has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos over alleged misrepresentations regarding the underlying mortgage loans.
US Bank NA wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding [...]

Box Office Preview ‘M I 4′ continues global climb

LOS ANGELES Paramount’s “Mission: Impossible Ghost Protocol” will maintain its firm grip on the domestic box office with a leading 17 million-plus in Tom Cruise-powered dollars expected for its fourth weekend. By Sunday night, the film should be well on its way toward $400 million worldwide.
The R-rated “The Devil Inside” from Paramount Insurge [...]

Congress presses rating agencies on MF Global

(Reuters) Congressional investigators have launched an inquiry into the work of credit rating firms that examined MF Global Holdings Ltd’s risky bets on European government bonds and whether they overlooked crucial information in their evaluations.
Congressman Randy Neugebauer, who chairs an investigative panel of the House Financial Services Committee, sent letters to Moody’s Corp Chief [...]

Newt Gingrich weeps, Mitt Romney attacks Ron Paul

DES MOINES, Iowa Former House Speaker Newt Gingrich wept Friday as he recalled his late mother’s end-of-life illnesses, a moment of poignancy in a notably negative Republican presidential Iowa caucus campaign with four unpredictable days yet to run.
“I do policy much easier than I do personal,” Gingrich told an audience of women as he [...]