Category: Markets

Meet The Epprechts, The Swiss-American Family With A $2 Billion Cheese Fortune

Meet The Epprechts, The Swiss-American Family With A $2 Billion Cheese Fortune

Comment Now Follow Comments Great Lakes Cheese, with its HQ in sleepy Hiram, Ohio, has a secretive billionaire family running the show. PRNewsFoto/Great Lakes Cheese Company Take a 45-minute southeastern drive fromCleveland, Ohio, and you’ll find the quiet...

Big Macs, Smaller Sales: McDonalds Records Another Month Of Poor Numbers

Big Macs, Smaller Sales: McDonalds Records Another Month Of Poor Numbers

(Photo credit: Wikipedia) McDonald’s sales last month slipped in nearly every region, further amplifying the concern that the world’s largest fast-food chain can grow as quickly as before. McDonald’s comparable-store sales decreased 1.9%, after increasing...

Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole

Court Decision Gives Lenders A Headache, Borrowers An Ace In The Hole

Or not. (Photo credit: Philip Taylor PT) A recent decision by the Third Circuit Court of Appeals gives borrowers an indefinite period to rescind their home-equity loans, complicating life for lenders and setting up...

As the Dow Soars, How High Can Tech Stocks Go?

As the Dow Soars, How High Can Tech Stocks Go?

Last Friday, the Dow Jones Industrial Average — the benchmark stock index of America’s blue chip companies – closed above 14,000 for the first time since the financial meltdown sent the U.S. economy into the worst crisis...

Dow Ends Above 14,000 for First Time Since Oct. 2007

Dow Ends Above 14,000 for First Time Since Oct. 2007

The Dow stock market index closed above 14,000 for the first time since before the financial crisis rocked the world economy. Propelled by strong auto sales and optimism about U.S. jobs, the Dow Jones...

Tempting the Young: New Efforts to Get Younger Consumers Hooked on Guns, Luxe Cars, Soda and More

Tempting the Young: New Efforts to Get Younger Consumers Hooked on Guns, Luxe Cars, Soda and More

Marketers are always trying to woo younger consumers. They may not have as much money as older folks, but they bring a sense of hipness and desirability to anything they buy. Youths are also...

Apple Shares Plunge 10% on Slowing Growth, New Product Jitters

Apple Shares Plunge 10% on Slowing Growth, New Product Jitters

For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in...

6 Reasons the Stock Market Could Do Surprisingly Well in 2013

6 Reasons the Stock Market Could Do Surprisingly Well in 2013

The S&P 500 hit a five-year high last week, and now some experts are saying that stocks are overpriced and that the overall market is vulnerable to a 20% drop this year. There are...

How Long Can the Stock Market Defy Economic Gravity?

How Long Can the Stock Market Defy Economic Gravity?

As the pragmatic conservative economist Herbert Stein once said, “If something cannot go on forever, it won’t.” I’ve been thinking about that saying a lot in relation to today’s bull market and the complacency...

Offshore Wind: Enormous Potential, Huge Challenges

Offshore Wind: Enormous Potential, Huge Challenges

Photo: Blade Dynamics Last month I visited the Wind Technology Testing Center in Charlestown, MA, just outside ofBoston.  With me were executives from American Superconductor (AMSC) and Blade Dynamics (BD).  They were in Charlestown...