• A credit card: how to select and to use...

    Sep 07, 2011  Posted by Admin    No Comments »
    A credit card: how to select and to use

    You should know that credit cards are not only convenient, but they are also dangerous. Many people destroy their financial lives because they couldn’t stop charging. It becomes a reflex for such losers. It is a real problem, but this article will help you to make good use of credit cards and to choose a credit card though. All accessible...
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  • Investing online you invest in your solid future...

    Aug 08, 2011  Posted by Admin    No Comments »
    Investing online you invest in your solid future

    Online advertising was the most preferred advertising in the current scenario of business. That’s because today’s Web sites generate a significant portion of sales and there are many others who conduct their business online. There is always an increase in online business investing online and their success rates are a benchmark for the...
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  • Small business loans ideally suits your small business requirements...

    Jul 10, 2011  Posted by Admin    No Comments »
    Small business loans ideally suits your small business requirements

    Small business loans are a perfect option for small business owners. Now you can easily track your cash flow and solve related business expenses easily. Loans to small businesses give you a possibility to resolve debts, investing in new businesses, purchase of raw materials, payment of wages or salaries, purchase of machinery and various tools,...
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  • What are the best bank rates?...

    Jul 07, 2011  Posted by Admin    No Comments »
    What are the best bank rates?

    What are the best bank rates? Which bank will give you the most for your money? Clearly, today, with very low interest rates being offered, finding a bank that will give you the highest possible rate for your savings account and control is very important. Some companies have higher percent than others, to find the best one is important to improve...
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Kellogg to buy Pringles; analysts praise purchase

Feb 15, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

Kellogg Co. has swooped in to buy the Pringles chip brand from Procter & Gamble for $2.7 billion after a similar deal with Diamond Foods fell apart because of reported accounting problems and an executive shakeup at Diamond.

The Battle Creek company, already the world’s largest cereal maker, said the addition of Pringles makes it the No. 2 savory snack maker worldwide behind PepsiCo Inc.’s Frito Lay. The Pringles brand will join Kellogg’s stable of snacks that include Keebler, Cheez-It and Special K Cracker Chips.

“It will be a great addition and a strong platform on which to grow,” Kellogg President and CEO John Bryant said in a Wednesday conference call.

Troubled snack food company Diamond Foods and P&G on Wednesday said they called off their $1.5 billion deal for the brand. Bryant admitted in response to a question Wednesday from an analyst that Kellogg wasn’t interested in Pringles a year ago because “It was hard to compete with the Diamond deal.”

But last week, Cincinnati-based Procter & Gamble said it was evaluating the deal and keeping all options open.


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Tags: Pringles Pringles Analysts

Boat dealers encouraged by interest in annual Jacksonville show

Feb 08, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

Eighteen times boat buyers rang the big metal bell signaling another sale by MarineMax at the weekend’s 65th annual Jacksonville Boat Show.

The melodic clang was music to the ears of boat dealers whose sales were hit hard by the recession.

The three-day boat show, which wrapped up Sunday at the Prime Osborn Convention Center, gave dealers cause for optimism as they head toward the warm-weather boat selling season.

“It’s been a pleasant surprise,” said Shae Cross, general manager for MarineMax in Jacksonville. “The last couple of years have been relatively flat. This year has been a significant improvement.”

North Florida Yacht Sales owner George Cassel was also upbeat.

“It’s the best boat show we’re had in three years, by far,” he said.

Through late Sunday afternoon, North Florida Yacht Sales had sold 14 boats ranging in price from $30,000 to about $250,000.

The Jacksonville Marine Association, which sponsors the boat show, didn’t have total figures for sales by all dealers. But Kenny Sherwood, m


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Tags: Annual Jacksonville Boat Dealers Show

TSX declines as Greek debt talks reach stalemate

Jan 23, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

Bank stocks were among the most heavily weighted decliners on the SP/TSX composite index on Tuesday as news of a stalemate in Greek debt negotiations dragged down Canada’s benchmark stock index.

The SP/TSX composite index dropped for the first time in five sessions, closing at 12,395.24, a loss of 126.47 points, or 1.01%. Nine of the 10 sub-indexes declined, with consumer goods the sole gainer. Industrials led the declines, falling 1.8% as Canadian National Railway retreated 4.7% to $75.86 despite hiking its dividend and reporting fourth-quarter earnings that blew past expectations. Investors were reacting to its 2012 forecasted earnings of $5.32 a share, below analysts’ estimates of $5.39, according to the average estimate in a Bloomberg survey.

Meanwhile, the financials sub-index slipped 0.91% after Greek debt negotiations stalled when EU finance ministers rejected as insufficient an offer made by creditors to help restructure Greece’s debts.

Royal Bank of Canada shares slipped 0.9% to $53.79, Toronto Dominion fell 1.09% to $79.30 and Bank of Nova Scotia saw its share price drop 1.08% to $53.96.

While the idea of a Greek default is spooking investors, in the end it would be “uncatastrophic,” Michael Shaoul, chairman of Marketfield Asset Management in New York, told Bloomberg. “There


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Tags: Greek Debt Stalemate

Auditors not complicit in cover-up, says Olympus

Jan 14, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

OLYMPUS, the Japanese camera maker whose executives have admitted to covering up $US1.7 billion in losses, says its auditors, KPMG Azsa and Ernst & Young ShinNihon, were not complicit in the false accounting.

But the firms remain under investigation by authorities over their possible roles in the scandal.

A decision to clear the auditing firms could strengthen Olympus’ chances of staying listed on the Tokyo Stock Exchange, helping the company maintain access to equity capital and remain a going concern.

Any action to dismiss or sue Ernst & Young, its current auditor, could leave the company without a firm willing to audit its finances, jeopardising Olympus’ compliance with listing requirements.

Just how much Olympus’ auditors knew about the manufacturer’s scheme to hide losses, going back decades, has emerged as an important aspect of the continuing investigations into its finances. The two firms signed off on the accounts before Olympus president and chief executive Michael Woodford blew the whistle on the fraudulent accounting in October, after he was fired.

In a report released last month, a panel appointed by Olympus was critical of the auditors’ role, saying the firms had not done enough to expose wrongdoing.


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Tags: Olympus

Olympus sues execs over scandal, shares surge

Jan 07, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

TOKYO – Japan’s disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.

The maker of cameras and medical equipment said on Tuesday all board members subject to the lawsuit would quit in March or April, leaving it in the extraordinary position for now of continuing with its most senior executive, Shuichi Takayama, and five other directors it is suing for mismanagement.

One analyst likened the current board to condemned men, resigned to their fate, and said they would have difficulty over the next few months making any strategic decisions, leaving Olympus more vulnerable to an eventual takeover.

“Essentially, everyone feels they are on death row. It does seem extremely strange to have the death row cell inside the company,” said Nicholas Smith, head of Japanese equity strategy at CLSA in Tokyo.

“Having nobody at the helm makes it easier for a takeover.”

Olympus shares surged as much as 28 percent on the news, with investors betting the company’s clean-up efforts would help it avoid a humiliating delisting from the Tokyo Stock Exchange, in turn helping to ensure it stayed on bidders’ radars.


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Tags: Olympus Olympus Sues

Michigan ski slopes open as cold sets in

Jan 02, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

With frosty weather predictions, industry investment and the state economic rebound, Michigan seems poised to produce a profitable winter for the state’s ski and resort areas.

Despite a warm November that made Thanksgiving a bust for skiers, many Michigan ski areas say they are ready for snow-sport enthusiasts to take to the slopes.

The three Metro Detroit ski areas Pine Knob, Mount Brighton and Alpine Valley are tentatively scheduled to open today after Friday’s light snowfall. Ski areas farther north say their snow guns have been blasting at full speed since temperatures dropped below the requisite 28 degrees.

Early indications are that attendance on the slopes could be high.

The $189 “White Gold” discount cards sponsored through the Michigan Snowsports Industries Association have largely sold out, said Mickey MacWilliams, executive director for the Clarkston group. The association issued 400 cards that allow users to ski at 29 Michigan ski areas for less than $10 each.

“People are feeling more confident in the economy,” MacWilliams said.


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Tags: Ski Ski Slopes

Trailer Bridge falls on hard times, but a CEO looks for a turn-around

Dec 08, 2011  Posted by Shannon Cox in Business Tips | | No Comments »

It wasnt that long ago that Trailer Bridge was sailing high. It certainly had the ancestry.

The company, headquartered on New Berlin Road, was started by Malcom McLean, the man who revolutionized ocean shipping when he created containers that are now so common, stacked high on oceangoing vessels.

And it went well. Four years ago, its stock was trading at close to $15 a share. Three and half a weeks ago, it was down to pennies when the company filed for Chapter 11 bankruptcy.

The stock isnt even listed on Nasdaq now.

At issue was $82.5 million in bonds that were due. Trailer Bridge had hoped to refinance them, but couldnt find a lender.

Its a combination of things, said William Gotimer Jr., who took over as co-chief executive officer in October. Our borrowing power is not what it was in 2004. Most peoples is not.

More specifically to us, our financial performance second half of 2010 and first 2011 was not sufficient to refinance.

The companys bottom line has been on a slide since last year, with a net income of $6,900 the third quarter of last year, dropping to a loss of $2.9 million the fourth quarter.

The first six months of this year saw a $14 million loss.

I know for all the carriers in that trade lane, its been brutal, said Lynn Brown, associate director of the transportation and logistics department at the University of North Florida.


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Tags: Bridge Trailer Bridge

TSX posts first weekly gain in five weeks

Nov 28, 2011  Posted by Shannon Cox in Business Tips | | No Comments »

  Traders work in the Standard P/TSX composite index edged down 38.20 points, or 0.32 per cent to 12,075.09.

Global markets ended the week on a positive tone after the U.S. jobless rate dropped to a two-and-a-half-year low of 8.6 per cent and European leaders appeared to be making progress in solving the currency zone’s debt crisis.

Friday’s action put Canada’s benchmark index on track for a weekly gain of 5.3 per cent after falling 8.4 per cent over the previous four weeks.

Royal Bank of Canada and other financial issues led to the upside. RBC and Bank of Nova Scotia reported earnings that beat analyst estimates, and came on the heels of solid earnings reported Thursday by Toronto-Dominion Bank and Canadian Imperial Bank of Commerce.

RBC gained 3.7 per cent to $48.77, while Bank of Nova Scotia lost 2.49 per cent to $48.99.

Markets around the world were bolstered by the U.S. report that showed the unemployment rate dropped to 8.6 per cent from nine per cent after adding 120,000 jobs, a sign the U.S. econom


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Tags: Tsx Tsx Posts
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