March 5th, 2010
American Railcar Industries saw its fourth-quarter profit rise 39 percent but booked less than half the revenue it saw in the prior year’s quarter as railcar shipments fell.
For the quarter ended Dec. 31, the company reported net earnings of $10.5 million, up from nearly $7.8 million in the fourth quarter of 2008. American Railcar said […]
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Filed under: management, money by Finance Boss
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February 28th, 2010
Despite lower revenue due to sharply lower commodity prices and power generation nationwide, Calpine Corp. on Thursday said it had reduced its losses in the fourth quarter of 2009 compared to the year-earlier period.
Houston-based Calpine (NYSE: CPN) reported a net loss of $43 million, or 9 cents a share, for the three months ended Dec. […]
Filed under: finance by Finance Boss
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February 23rd, 2010
President Obama issued an executive order on Thursday that formally creates a bipartisan fiscal commission, a first step to forcing painful decisions needed to get the U.S. debt load under control.
Raising taxes, cutting spending and reforming Medicare and Social Security are all fair game, and thought to be impossible without the backing of both […]
Filed under: management by Finance Boss
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February 6th, 2010
Toyota drivers are feeling mounting confusion and frustration as they attempt to fix their recalled cars. And Toyota dealers are under the gun as they face sometimes angry customers.
"It’s just getting crazy," said Andy Phillips who heads the service department at Sandy Springs Toyota in Georgia. "Well, you know. I’m tired, the phones are […]
Filed under: technology by Finance Boss
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January 21st, 2010
The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]
Filed under: technology by Finance Boss
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January 13th, 2010
Stocks seesawed Monday as investors eyed a weak dollar, higher commodity prices and a selloff in technology shares ahead of the start of the quarterly reporting period, which began after the closing bell with Alcoa.
The Dow Jones industrial average (INDU) gained 46 points, or 0.4%. The S&P 500 index (SPX) added 2 points, or […]
Filed under: business by Finance Boss
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January 11th, 2010
The U.S. auto industry has been decimated in recent years by a rash of plant closings. But according to a survey of top industry executives, more shutdowns could be on the way.
The survey, conducted annually by accounting firm KPMG, found that 88% of top industry executives thought there is still too much capacity at […]
Filed under: technology by Finance Boss
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January 7th, 2010
The past decade has been brutal for Canadian investors who doggedly held on to the top 500 U.S. stocks.
Even after last year’s government-orchestrated economic recovery, and after tallying up dividends, they would have lost about a third of the money they invested at the end of 1999.
Last year, and the first day of trading this […]
Filed under: management by Finance Boss
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January 5th, 2010
A key measure of consumer confidence rose for a second straight month in December, a research group said Tuesday, with outlook for the next few months reaching a 2-year high.
The Conference Board, a New York-based research group, said its Consumer Confidence Index rose to 52.9 in December, from an upwardly revised 50.6 in November.
Economists […]
Filed under: economics by Finance Boss
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December 24th, 2009
Yacht exporters are riding a weaker dollar and reduced prices to new markets, while domestic sellers are seeing signs that the market’s doldrums are coming to an end.
Yacht exports to Northern Europe were healthy before the recession since the dollar was still weaker than the Euro. But the international financial tidal wave left fewer buyers, […]
Filed under: online by Finance Boss
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