Loren C. Steffy's Blog, page 41
June 28, 2012
Poll: electricity price cap hike generates consumer backlash
With the Public Utility Commission set to raise price caps on wholesale electricity prices by as much as 50 percent today, consumer outrage is mounting. Petitions like this one are appearing on the Internet, urging the governor to intervene in the case. The PUC seems determined to forge ahead with the plan, which is designed [...]
June 21, 2012
How safe is your money market fund?
Despite new rules, the SEC chairman says money market funds still pose a big risk to the financial system.
What I’m reading with my morning coffee | 6.21.12
Shareholders looking for strategy change for BP. Is a ConocoPhillips style split in the works? Meanwhile, the company wins oil leases in the Gulf near its Macondo spill site and the former TNK-BP chief executive is seeking backers to buy BP’s stake in the venture. Enterprise to build massive petrochemical plant. The latest in a [...]
June 20, 2012
Penney refuses to think differently as strategy crumbles
J.C. Penney clings to former Apple exec's no-sales strategy, but what if people don't buy clothing the same way they buy technology.
June 18, 2012
What I’m reading with my morning coffee | 6.18.12
Greek vote’s Cinderella slipper falls off. The initial euphoria over Sunday’s vote in Greece proves fleeting as U.S. stock futures move lower. CEO pay is rising despite the din. Although some boards appear to be listening more to shareholders, rewards at the top remain rich. And they’re getting richer. Delta Air Lines CEO says it [...]
June 14, 2012
Allen Stanford sentenced to 110 years in prison
R. Allen Stanford, who bamboozled billions from investors, wooed politicians around the world and wowed cricket fans everywhere, will spend the rest of his life in prison. Shortly after noon today, U.S. District David Hittner sentenced the convicted swindler to 110 years. Stanford showed little emotion as Hittner ran through the sentence, at one point [...]
United’s growing labor strife heralds a long summer of discontent
Labor negotiations continue to drag on two years after the merger of United and Continental Airlines.
June 13, 2012
Dell starts acting its age, agrees to dividend
Dell has finally realized it isn't a growth stock anymore, and its decided to reward its investors accordingly.
June 7, 2012
LinkedIn: now officially the most annoying of all social media
The "world's largest professional network" hasn't shown much professionalism in its handling of a data security breach.
June 6, 2012
Michael Lewis’ advice for grads: `Don’t eat fortune’s cookie’
Writer advises graduates not to discount the role that luck plays in their success.
