Finance & Market | TOTALLY HITS RADIO - Part 2

Category: Finance & Market


Data-breach Costs take toll on Target Profit

AP

AP

Target Corp. will be feeling the financial pain for a while from the theft of credit card numbers and other information from millions of its customers.

The retailer said Wednesday that its fourth-quarter profit slumped 46 percent. It also reported that revenue slipped 5.3 percent as the breach scared off customers.
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Senator wants U.S. Post Office to offer Loans

breitbart.com

breitbart.com

In November, the U.S. Postal Service reported it had a $5 billion loss for Fiscal Year 2013, its seventh consecutive year with loss. At the time, Postmaster General Patrick Donahoe blamed Congress for the loss, citing an “inflexible business model.”

“We’ve achieved some excellent results for the year in terms of innovations, revenue gains, and cost reductions, but without major legislative changes we cannot overcome the limitations of our inflexible business model,” Donahoe said. “Congress is moving forward with legislation that has the potential to give us greater flexibility and put us back on a firm financial footing, and we strongly encourage that they continue moving forward.”
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A ‘Tsunami’ of Store Closings expected in 2014

CNBC

CNBC

Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.

On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It’s the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy’s.
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Butter Consumption reaches 40-Year High

Shuttershock

Shuttershock

Butter is back.

Despite years of being warned that butter is bad for you, Americans are looking the other way. Sales of the rich stuff now top $2 billion a year in the U.S. — a 65% increase since 2000 . The American Butter Institute also reports that per-capita consumption is now at a 40-year high of 5.6 pounds.

In other words, there’s a whole lot of spreading going on.
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Bizarre Diet of the Real ‘Wolf of Wall Street’

NY Post

NY Post

He may have been “The Wolf of Wall Street,” but Jordan Belfort was afraid of his own leftovers.

Obsessed with keeping his figure, the former stock scammer would spray Windex on food in his fridge so he wouldn’t be tempted to eat it. And served a bowl of pasta, he’d suck out the tomato sauce and leave the macaroni.
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Google develops Contact Lens Glucose Monitor

Google Blog

Google Blog

Google unveiled Thursday a contact lens that monitors glucose levels in tears, a potential reprieve for millions of diabetics who have to jab their fingers to draw their own blood as many as 10 times a day.

The prototype, which Google says will take at least five years to reach consumers, is one of several medical devices being designed by companies to make glucose monitoring for diabetic patients more convenient and less invasive than the traditional finger pricks.
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Shooting for the Moon, Google hopes to own the Future

Boston Dynamics

Boston Dynamics

Look at the technology landscape today and what do you see? A few companies — Facebook, Yahoo, Apple, Twitter and Google — competing for the same sorts of revenue: advertising, search, location and some mobile hardware.

Now look into the future of the technology landscape and what do you see? I’ll answer that for you: Google, Google and Google.
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Japanese to acquire Jim Beam?? Yes, it’s True

AP

AP

The maker of classic American whiskeys Jim Beam and Maker’s Mark has agreed to be acquired by a Japanese company in a $13.62 billion deal that would create the third largest global premium spirits business.

Shares of Beam Inc. rose 24 percent on Monday after it said that it agreed to be purchased by Suntory Holdings Ltd., a Japanese beverage company. The combined company would have annual sales of more than $4.3 billion.
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Google’s Reach expands into your Home

Google

Google

Google said Monday that it will pay $3.2 billion in cash for Nest, which makes smart thermostats and smoke alarms. Rest assured that Google is hoping to plug smart homes together with Android devices, its developer ecosystem and treasure trove of data.

Nest launched in 2011 to strong reviews. Since its launch, Nest’s smart thermostat has been replicated by larger players such as Honeywell.
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