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Posted
Mar 21 2008, 11:20 AM
by
Anthony Mirhaydari
Rating:
Money Blog: Top Stocks Blog - MSN Money
Conventional wisdom says McDonald’s should continue to have great success as the economy slows and consumers trade down restaurants just as they’ve been trading down to Wal-Mart for their shopping needs. Sounds great, except that the company's insiders beg to differ: Over the last six months, nearly 760,000 shares worth some $43 million have been sold.
A significant amount by any measure, this works out to roughly a 20% liquidation of the insiders according to Thomson Financial. CEO James Skinner sold 35% of his stake. Gloria Santona, the general counsel, parted with more than half of her shares. Jose Armario, responsible for Canada and Latin America, traded away 80% of his holdings.
My guess is that they’re less than confident about the big McCafé push. Better drip coffee is one thing, and McDonald’s definitely has good drip coffee. But going head-to-head with Starbucks is another. Don’t kid yourself: McDonald’s will never be Starbucks -- and by the look of things it probably doesn’t want to be Starbucks anyway. There just isn’t any synergy between burgers, fries, and cappuccinos.
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Posted
Dec 14 2007, 10:39 AM
by
Donna Freedman
Rating:
Money Blog: Smart Spending Blog - MSN Money
I'm superannuated enough to remember penny candy. Finding a cent was cause for celebration, because it would buy Squirrel Nut Zippers (the candy, not the band), Smarties, Pixy Stix or a host of other treats.
I still pick up pennies. Also nickels, dimes and any other American paper or specie I see on sidewalks, in parking lots or pooled in the rejected-change bin of those Coinstar change-counting machines.
All "found" money goes into a vase my daughter gave me when she was about 8 years old. (She got the vase from the "free" box at a yard sale. That's my girl!) Each December, I donate my finds. This year, $24.14 will go to PetSmart Charities.
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Posted
Jan 17 2008, 11:29 AM
by
Karen Datko
Rating:
Money Blog: Smart Spending Blog - MSN Money
Paul Navone is one of those quiet millionaires next door. His friends had no idea he had money until he started giving it away -- $1 million to a college and another $1 million to a prep school. The 78-year-old retiree never made more than $11 an hour while working in the New Jersey mills, according to a story by Joe Logan in the Philadelphia Inquirer, and to this day Navone buys his clothing at thrift stores, and doesn't have a TV or a phone.
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Posted
Dec 11 2008, 03:56 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
The New York Times debunks the claim that the Big Three auto workers earn $73 an hour. That number came from the car companies themselves during union negotiations, writes David Leonhardt.
But it isn't completely accurate. Yes, the companies do spend about $73 for every hour of unionized work, Leonhardt writes. Not all of that goes to the worker's pocket.
Here's how it breaks down:
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Posted
Dec 21 2007, 03:15 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Blockbuster continues to struggle with balancing its online rental plans with its more profitable in-store business. The company said yesterday it's raising prices for its Total Access subscription plans, and Citigroup analyst Tony Wible said he thinks half of the subscriber base will ditch. In a nutshell, the premium plan increases by a shocking $10 to $35 a month. That plan allows you to rent three DVDs at a time online with unlimited in-store trades. If you rent one DVD at a time, the price increases by $2 to $12 a month. The most popular plan, which gets you three DVDs at a time, will cost $21 a month. These plans let you rent DVDs online or at stores. To ease the pain, Blockbuster is cutting the monthly price of some of its by-mail plans by $1.
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Posted
Feb 02 2009, 03:16 PM
by
Des Toups
Rating:
Money Blog: Smart Spending Blog - MSN Money
Denny's restaurants around the country reported lines out the door today as diners queued up for free Grand Slam breakfasts.
The chain threw open its 1,560 restaurants for free breakfasts from 6 a.m. to 2 p.m., anticipating that up to 2 million people would stop in. At 6 a.m., a store in Portland, Maine, reported a line out the door. The Dallas Morning News found an early morning line 30 people deep and quoted one customer, Francisco Flores, 53, as saying he heard about it on the morning news and rushed over immediately. "I didn't even shower," says Flores.
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Posted
Nov 04 2008, 03:55 PM
by
Karen Datko
Rating:
Money Blog: Smart Spending Blog - MSN Money
David G. Mitchell knows he's not preaching to the choir when he strongly recommends that most people stop using cell phones. He observes that "I will not use a cell phone and you probably cannot be separated from yours." Yet, he makes a compelling argument in a pithy post at Saving Advice that provides five reasons to give up cell phones and save money. Health is one of his concerns.
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Posted
Aug 12 2009, 06:20 PM
by
Karen Datko
Rating:
Money Blog: Smart Spending Blog - MSN Money
Some customers were likely breathless as they pushed the "add to cart" button at Best Buy's Web site. The big draw? A Samsung 52-inch HDTV that appeared on the chain's Web site for the unbelievably low sale price of $9.99.
Best Buy corrected the error hours later and announced that any orders processed at that price would not be honored. (You can find screen shots of the ad and an order placed by Augustine Fou at his go-Digital Blog.) But what's truly amazing about all this is that so many people are ticked off.
Bing: Best HDTVs
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Posted
Sep 30 2008, 09:47 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Congress wants to crack down on CEO mega-salaries for banks participating in the bailout. And while the politicians argue how best to do that, Alan Fishman of Washington Mutual is headed for the doors with $19 million in his pocket.
If that wasn't outrageous enough, consider this: Fishman started the job three weeks ago. I never saw the employment ad Fishman answered, but it must have read something like this:
WANTED: Top executive for train-wreck bank about to be seized by federal regulators. Must be able to look busy while FDIC sells business from under you. Previous experience with angry shareholders sitting on worthless stock a plus. Perks: $7.5 million hiring bonus and $11.6 million cash severance.
Fishman got the best temp gig in history.
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Posted
Feb 17 2009, 06:35 PM
by
Des Toups
Rating:
Money Blog: Smart Spending Blog - MSN Money
Say goodbye to Saturn. And Saab and Hummer, for that matter. Pontiac, too, for all intents and purposes.
Unless buyers (a few million of us -- or maybe just a couple of really adventurous billionaires) step forward, three of General Motors’ eight brands are now destined to join Oldsmobile in the history books. A fourth will be relegated to “niche” status, says GM. The company, until last year the world’s largest automaker, announced plans Tuesday that would drastically scale back its operations in order to stay alive
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