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You are here: Home / Archives for earnings

earnings

Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

October 25, 2012 by Ted Leave a Comment

BREAKING NEWS…

Best Buy LogoAfter the close of the market today, Best Buy warned Wall Street that its third quarter earnings and same-store sales will be significantly below the same quarter last year. The company also announced that head of U.S. business Mike Vitelli, and other executives, will leave the company at the end of this fiscal year in early February.

But the warning to Wall Street went even further… [Read more…] about Best Buy Warns Profits Will Be ‘Significantly Below’ Last Year, Cuts Senior Managers

Filed Under: Industry Trends, News, Pivot Point, Retailers, Strategy Tagged With: Best Buy, earnings, Hubert Joly, Mike Vitelli, Tim Sheehan

S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

February 9, 2012 by tjgreen82 Leave a Comment

SonyAtCES2-8-12<February 8, 2012> Credit rating agency Standard & Poor’s today cut the long-term debt rating on Sony Corporation to BBB+, just two notches above “junk” status, and further issued a negative outlook which suggests a potential further drop in the future. In a statement, S&P said that “the likelihood of a strong recovery in Sony’s earnings is low.” [Read more…] about S&P Cuts Sony’s Credit Rating to Just Above Junk, Issues Negative Outlook

Filed Under: Asian Connection, Brands, Economic Trends, Industry Trends, Management, Manufacturers, News, Pivot Point, Strategy Tagged With: Bloomberg, China, credit, earnings, Fitch Ratings, forecast, junk bond rating, Korea, Moody's Investors Services, Panasonic, ratings, S&P, Sony, Standard & Poors, unprofitable

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Ted Green Bio

A former dealer, installer, manufac-turer, distributor & more. With a focus on business strategy, my goal is to help you make better decisions for more success.

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