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For the second time in the past week, a major corporation has settled a lawsuit for $40 million. As we footnoted last week, Dell (DELL) quietly disclosed in its Q that it had settled a shareholder lawsuit for $40 million. And then yesterday, Wal-Mart Stores (WMT) disclosed in its 10-Q that on Oct. 19 it [...]
This morning, there’s lots of buzz — unassisted by caffeine — over the fight over Diedrich Coffee (DDRX) which Peet’s (PEET) agreed to buy at the beginning of this month for $26 a share, but is now offering $32 a share after rival Green Mountain Coffee (GMCR) offered to buy Diedrich for $30 a share. [...]
This morning, a certain sub-sector of the financial blogosphere is abuzz over the press release that Overstock.com (OSTK) put out late yesterday announcing that they had fired its outside auditor, who had just been hired earlier this year, and were filing an “unreviewed” 10-Q. Here’s a snip, which starts with a quote from Friedrich [...]
After the public learned that the Obama girls wore J. Crew-designed coats for their father’s inauguration, the company enjoyed what became known as “the Obama bump.” Sales soared – especially after the company crowed about its connection to the First Family – and online traffic spiked so high that the company’s web site crashed.
The “Obama [...]
With the news yesterday that some form of the public option for healthcare appears to be moving forward, we can probably expect more companies to start including warnings like Walgreen (WAG) did in the 10-K it filed yesterday:
The Federal government has been considering proposals to reform the U.S. health care system. These proposals may increase [...]
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