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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Severe Drought Will Serve Up Severe Food Bill in 2013

Category : Business, Stocks

NEW YORK (MainStreet) — If you thought the extreme heat was hitting you where it hurts most by raising your summer AC bill, your personal financial pain is only beginning. Just wait for the runup that is coming in food prices.

The expected food price hike is one of two key pieces of economic data tied to consumer spending power that are headed in the wrong direction. The other is the savings rate.

With the average bank checking account interest rate standing at 0.058%, and the average savings account rate at 0.090%, according to the BankingMyWay Interest Rate tracker, bank savers are being fed paltry scraps from financial institutions. …

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Cramer: I’m Turning Positive on Jack In The Box

Category : Business, Stocks

Jim Cramer sees a number of catalysts for this under-loved stock.

Continued here: Cramer: I’m Turning Positive on Jack In The Box

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JPMorgan, Procter & Gamble: Dow Midday Movers

Category : Business

NEW YORK (TheStreet) — U.S. stocks were flat to down midday Wednesday as investors awaited the results of the latest Federal Reserve meeting and insight into the central bank’s position on more stimulus for the economy.

The Dow Jones Industrial Average was falling more than 10 points, or 0.08%, to 12,826. The biggest decliner in the index midday Wednesday was Procter & Gamble.

Shares of Procter & Gamble fell 3.36% to $60.12. The company gave a weak fourth-quarter earnings outlook Wednesday due to slower-than-projected sales growth in developed markets. …

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Cramer’s ‘Mad Money’ Recap: America Between Rock, Hard Place

Category : Business

Search Jim Cramer’s “Mad Money” trading recommendations using our exclusive “Mad Money” Stock Screener.

NEW YORK (TheStreet) — America is now caught in a tug of war between Europe and China, Jim Cramer told his “Mad Money” TV show viewers Thursday. He said that while our markets are still being held hostage by economies around the globe, at least now there’s a counter-balance to all of the negativity of Europe. …

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Another Phony Farm Crisis

Category : Business

By John Carney, Senior Editor,

NEW YORK (CNBC) — Here we go again. If it’s getting close to summer, it’s time to start reading about farm labor shortages.

“California’s Central Valley farmers struggle with worker shortage,” warns the Sacramento Bee. …

Link: Another Phony Farm Crisis

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4 Stocks Hit 52-Week Highs: Wal-Mart, Delta

Category : Stocks

NEW YORK (TheStreet) — Wal-Mart, Delta Air Lines, Brinker International and J.B. Hunt.


“We continue to think WMT has legs into the mid-60s in the near term given the momentum in the core U.S. division, persistent strength at Sam’s, and improved profitability in International (on the latter, 2012 is a “digestion year” with margins the focus and no major acquisitions expected),” JPMorgan analysts wrote in a May 18 report. “The company’s effort to re-embrace the core message of the brand in the U.S. (i.e., price and assortment leadership) are resonating with customers and driving trip frequency (with traffic accelerating from 75 bps to 110 bps sequentially). We have yet to anniversary the completion of the SKU add-back process, which was finished in November last year. Besides overall traffic, the fruits of their efforts can be seen (along with some weather) in the apparel comp, which was positive for the first time in years. We expect the trends in the core division to be the primary driver of the stock, in addition to International profitability, as these have the greatest impact to EPS upside.” …

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The rest is here: 4 Stocks Hit 52-Week Highs: Wal-Mart, Delta

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Coca-Cola Tests Natural Sweeteners

Category : Stocks

NEW YORK (Trefis) — In a recent article, we talked about the growing competition in the mid-calorie soda market in the U.S. PepsiCo had launched Pepsi Next in March this year and so far the response has exceeded the company’s expectations.

Similarly, Dr Pepper Snapple launched Dr Pepper TEN in the last quarter of 2011, which helped the company post 2% volume growth in the soft drinks in Q1 2012. And now its Coca-Cola’s turn to test its mid-calorie versions of soft drinks Sprite and Fanta. The drinks are being tested in select stores in Atlanta, Detroit, Louisville and Memphis.

We estimate a $76 price for Coca-Cola, in line with the market price. …

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Chevron, Microsoft, HP: Dow Movers

Category : Business, Stocks

NEW YORK (TheStreet) — U.S. stocks finished Friday down as Facebook made its public debut.

The Dow Jones Industrial Average dropped 73.11 points, or 0.59%, to close at 12,369.38. The S&P 500 fell 9.64 points to settle at 1,295.22 and the Nasdaq Composite lost 34.9 points to finish at 1,295.22.

Breadth within the Dow was negative with 20 of the index’s 30 components posting losses. …

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2 Stocks Hitting 52-Week Highs: Disney, Hershey

Category : Business

NEW YORK (TheStreet) – Walt Disney and Hershey shares hit 52-week highs on Wednesday.

Walt Disney

The media and entertainment company reported Tuesday second-quarter revenue of $9.63 billion, which topped analysts’ estimates. …

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Dean Foods, Ingersoll-Rand: S&P Gainers

Category : Business

NEW YORK (TheStreet) – Dean Foods and Ingersoll-Rand were among the best-performing stocks in the S&P 500 on Wednesday.

The S&P 500 fell 9.14 points, or 0.67%, to close at 1,354.58.

Shares of Dean Foods rose 11.24% to $14.15. The food products company reported first-quarter earnings excluding certain items of $57 million, or 31 cents a share. This topped Wall Street’s consensus estimate of 21 cents a share in earnings. …

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Link: Dean Foods, Ingersoll-Rand: S&P Gainers

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