Customers are frustrated by new controversial fees from banks. However, they are finding out that it is not so easy to disentangle your life from your bank. Questions: 1. What does the article list as the main reason(s) that customers will stay with a bank, even though they are unhappy about new fees? 2. Which… Read more »
Posts Categorized: Video Updates
The Delmonte Deal in the News
Del Monte and Barclays Capital said on Oct. 6 they had agreed to pay $89.4 million to Del Monte shareholders to settle a lawsuit that alleged conflicts of interest in last year’s $5.3 billion buyout of the company by Kohlberg Kravis Roberts, Vestar Capital and Centerview Partners. The case centered on Barclays advising Del Monte… Read more »
Food – Beautiful – Food!
Have you ever wondered how restaurant chains get the food to look so good on TV? This is the work of a micro-niche of advertising. While you may not know the names of the directors, like your favorite movie, there are five or six major players in this industry that fill the $4 billion in… Read more »
Expensive Snacks?
By now you have probably heard that an audit of the Department of Justice by the Inspector General says that taxpayer money was wasted on overpriced food and drinks. At one conference, the DOJ spent $4200 on 250 muffins–that’s about $16 a muffin. But what did the report actually say? Considering the EOIR reported that… Read more »
Huge job cuts – Bank of America
Bank of America, trying to break free from a pile of bad mortgages and a sagging stock price, announced plans to lay off 30,000 employees over the next few years. In a statement Monday, the bank said its goal is “not a given number of job reductions,” but to focus “all of its resources on… Read more »
Ostrich Farming, Anyone?
Ostrich meat, although poultry is red, not white like most other birds. This red meat, which looks and tastes much like beef, is lower in fat, calories and cholesterol than not only beef, but also white meats like chicken and turkey. Ostriches belong to a family of birds called ratites, which includes emus and rheas… Read more »
International Auditing Inspections
PCAOB Chairman James R. Doty sees the audit profession as being at a turning point, not just in the U.S., but globally. One of Doty’s greatest priorities is gaining access to China to conduct inspections of PCAOB-registered firms. He said that meaningful progress was made at the May 9 U.S.-China Strategic and Economic Dialogue that… Read more »
Made in America
More than 60 billion sets of chopsticks are produced every year in China, so you’d have thought they would be making enough. But a chopstick shortage is growing in the Far East, prompting a U.S. company in Georgia to start exporting millions to the country. Georgia Chopsticks is producing an incredible two million sets of… Read more »
Who’s Next?
The struggling town of Central Falls Rhode Island filed a bankruptcy petition on Monday, August 1. A Boston bankruptcy judge held the first hearing on Wednesday August 3, stressing that the court is in “unchartered waters” as it sorts through the $80 million in unfunded pension and benefits liabilities and a $5 million budget deficit…. Read more »
What’s the news about Spotify?
Online music service Spotify has launched what it hopes to be an iTunes rival, allowing users to synch music on their iPods and other MP3 players without using Apple’s proprietary service. Can Spotify’s success in Europe be repeated on American soil? This question should be put to test starting now as the music-streaming company officially… Read more »
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