Want to be an extra-generous Santa in 2010? Try buying the most expensive item at each of 12 popular U.S. retailers. According to an unscientific survey by 24/7 Wall St, that would set you back nearly $15 million (thanks mainly to a visit to Tiffany). But, wow, what goodies you'd be hauling down that chimney.
Nike's fiscal first-quarter profit rose 9% as a surge in emerging-market sales, less inventory and fewer discount sales offset the negative effect of foreign-exchange rate changes. Shares fell in extended trading after the company's sales lagged analyst estimates.
Housing data is in the financial spotlight this week, along with an FOMC meeting, the leading economic indicators index and quarterly reports from a number of companies including Adobe, AutoZone and Lennar.
"Just Pay It" is what sportswear giant Nike said it would do on Monday after it agreed to give $1.5 million to a relief fund for 1,800 workers who lost their jobs when two of its suppliers closed factories in Honduras.
CEOs at some large public companies earn more per day than their employees earn over the course of an entire year. We took a look at some of the country's most well-known companies and calculated just how many workers the CEO's annual paycheck could afford to hire.
Nike's fourth-quarter profit rose by more than 50%, helped by sales gains in China and other emerging markets, as well as gross margin expansion.
An investigation by The National Labor Committee alleges serious labor abuses by a Microsoft supplier's factory in China. This is the latest case in a long list of U.S. companies accused of working with offending vendors.
I was sure that the American people, would watch the new Nike ad starring Tiger Woods and the disembodied, misappropriated voice of his dead father and be properly disgusted. In fact, the commercial seems to have improved perception of both the golfer and the sports-apparel company.
The University of Wisconsin canceled its licensing agreement with Nike, becoming the first university to take that step over concerns about the shoemaker's treatment of workers in Honduras. The school said Nike hasn't done enough to help workers collect severance payments they are owed.
Nike wanted to accelerate the public rehabilitation of Tiger Woods with a new ad featuring the voice of the golfer's deceased father. Instead, it has made its star endorser even more alien, mercenary and unsympathetic than before.
Somaxon shares gained the most out of all U.S. stocks today, while Boeing shares lifted the Dow and new CEO drove up Barnes and Noble shares. Meanwhile, rumors of a Google, Intel and Sony partnership also moved those stocks.
