American Airlines Digging Itself Out of Bankruptcy
American Airlines, in an attempt to get out of bankruptcy, has gotten closer to reaching a new contract agreement with its pilots. AMR Corp., the parent of American Airlines, had…
Cummins Inc. Lowers 2012 Forecast
The US engine maker Cummins Inc. recently lowered its 2012 forecast. This is the second time this year that they’ve made a move of this sort. They have also said…
Kodak Asking to Walk Away from Retiree Benefits
Talk about putting a nail in the coffin. A month after they just filed for Chapter 11 bankruptcy protection, Eastman Kodak Co. has now asked in federal court that they…
Jobs’ Wife Not Up on Disney Board Ballot
In a mood that is leaving many puzzled, Steve Jobs’ wife does not appear to be on the ballot for Disney’s re-election of directors this coming March. Disney has explained…
Yang Saying Goodbye to Yahoo Inc.
It will certainly be interesting to watch Yahoo in the coming months and to see if they manage to recover from the mess they’ve made of themselves. Yahoo co-founder Jerry…
Morgan Stanely Cuts Coming
Morgan Stanley has announced a plan to cut 1600 employees in the first quarter of 2012, a cut that only represents 2% of their workforce; nevertheless, the cuts signal a…
Michael Kors Holdings Surprises Market
The luxury lifestyle company Michael Kors Holdings surprised everyone recent, raising almost $1 billion in an initial public offering. 47.2 million shares were sold, each for $20. This generated proceeds…
SAP Looking to Purchase SuccessFactors
Germany’s SAP has just announced a $3.4 billion cash deal for the purchase of U.S. web-based software company SuccessFactors. SuccessFactors went public four years ago at $10 a share. Competing…
White House Announces Largest Boeing Deal Ever
Only one week ago, Boeing gushed that it had landed its biggest aircraft order ever. The order came from Dubai’s Emirates which ordered 50 Boeing 777s, with a total value…
Whirlpool Slashing Jobs
An enormous company like Whirlpool is able to offer economists insight into the American and global economy. Their performance serves as a window to the economic situation, as it shows…