In a series of attempts to revive its ailing profit margins, U.S. Postal Service is all set to deliver grocery items to personal residences. USPS asked for permission from the Postal Regulatory Commission over the matter and the agency is likely to go for a two-year test run. According to USPS, this initiative is likely…
For Cramer, Starbucks Corporation (SBUX) Brewing More Than Coffee
Is Starbucks Corporation (NASDAQ:SBUX) just a coffee serving outfit? When Stephanie Link of ‘The Street’ posed this question to Jim Crammer he very emphatically replied that this company was definitely more than just that – he regarded it more as a financial machine. As a company, he felt it made positive use of fiscal policies…
Walgreen Company (WAG) Considering Part Sale of Infusion Business Valued at $1.5 Billion
Walgreen Company (NYSE:WAG), a U.S. drugstore chain, is said to be exploring the sale of majority stake of about 50% in its infusion business. The stake valued at approximately $1.5 billion. The unit that has been floated for sale, Walgreen Infusion Services, offers infusion services both at its centers and at private homes across the…
CarMax, Inc (KMX)’s Shares Drop 9.49% Post Poor Quarterly Results and Declining Same-Store Sales
A poor quarterly result from CarMax, Inc (NYSE:KMX) lead to a 9.49% drop in its share price closing at $47.80. It was not only the company but several other auto retailers lost share prices including Lentuo International Inc (NYSE: LAS), Lithia Motors Inc (NYSE: LAD), and Asbury Automotive Group, Inc. (NYSE: ABG) losing after investor…
How YUM! Brands (YUM) Will Compete With Chipotle Mexican Grill Inc (CMG)
Is YUM! Brands (NYSE:YUM)‘s Pizza Hut on the same spree as Taco Bell and KFC to explore to fast-casual method of serving its fare akin to Chipotle Mexican Grill Inc (NYSE:CMG)? There are all kinds of eating outfits – while on the run you could resort to something like Chipotle Mexican Grill Inc (NYSE:CMG) but if…
Apple Inc. (AAPL) iPhone 6 and iPhone 6 Plus Sales Hit 10 Million Mark in Opening Weekend
The biggest activity for Apple Inc. (NASDAQ:AAPL) this year is indeed the launch of its two new iPhones. While many analysts argued that the opening weekend sales would be below the 9 million record set by iPhone 5C and iPhone 5S, the new iPhones defied the odds to hit 10 million units mark this past…
Staples Inc (SPLS) And Office Depot Inc (ODP) – Is A Courtship Viable?
While the investor population at large might cringe at the very suggestion, Jim Crammer is totally convinced that a merger-acquisition deal between Staples Inc (NASDAQ:SPLS) and Office Depot Inc (NYSE:ODP) could prove to be a savior for both companies. During his discourse on CNBC, Mr. Crammer not only recommended the joining of forces of the…
Federal Appeals Court Declares Radioshack Corporation (RSH) Class-Action Settlement Void
A U.S. federal appeals court sitting in Chicago declared that the class-settlement between RadioShack Corporation (NYSE:RSH) and its customers who opposed the printing of credit and debit card expiry dates on receipts is null and void. The court, considering the proposed legal fees for the customers, said that the settlement amount is too low and…
Costco Wholesale Corporation (COST) to Stop Accepting American Express Company (AXP)’s Cards in Canada
Costco Wholesale Corporation (NASDAQ:COST) announced today that it will stop accepting cards issued by American Express Company (NYSE:AXP) in Canada starting January 1. The two long-term partners couldn’t come to an agreement after several negotiation efforts. Costco Wholesale Corporation (NASDAQ:COST) Canada’s VP of marketing and membership, Lorelle Gilpin, said, “The credit card relationship between American…
Iliad SA (ILD) to Make a New Bid for T-Mobile US Inc (TMUS) by Mid-October
In its attempt to purchase Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY)’s T-Mobile US Inc (NYSE:TMUS), Iliad SA (EPA:ILD) is likely to renew its bid by mid-October or get out of the deal accordingly. Iliad is likely to make a new bid of $35 to $40 per share for anywhere near 60 percent to 90 percent of…