Tag Archives: Apple

Apple tops Fortune’s ‘most admired’ companies list

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CORRECTION: This post has been updated to remove an incorrect reference to TeamHealth of Knoxville appearing on Fortune’s 2014 ‘Most Admired’ companies list. The 2014 list did not include companies in TeamHealth’s industry sector

For the seventh consecutive year, Apple is No. 1 overall on Fortune’s list of the Top 50 World’s Most Admired Companies, followed by Internet retailer Amazon.com and Internet search engine Google.
Rounding out the top five are investment guru Warren Buffett’s firm, Berkshire-Hathaway, and coffee giant Starbucks.
Tennessee’s only representative among the Top 50 is FedEx Corp. The Memphis-based package delivery company is No. 8 overall and No. 2 in the delivery industry, behind Germany’s Deutsche Post.
The Top 50 list and industry sector rankings are based on a survey of executives, directors, and analysts who rate companies in their industry on a variety of criteria, including investment value and social responsibility.

Click here for Fortune’s complete list of World’s Most Admired Companies.

Buffett on banks, Europe, Google and more

Warren Buffett, chairman of Berkshire Hathaway, covered a lot of topics this morning in an interview with CNBC.1e5ec597e241f20c0e0f6a7067003053.jpg

He’s not worried about the global sell-off or Europe’s long-term prospects — it’s a big market and it’s not going away. Apple and Google are too risky for him.

America’s banks are in good shape and the United States did a good job of dealing with the financial crisis in 2008.

Fascinating stuff. Click here for the video.

Photo: In this May 5, 2012, photo, Warren Buffett, chairman and CEO of Berkshire Hathaway smiles on the exhibit floor where Berkshire products aer showcased, prior to the annual shareholders meeting in Omaha, Neb. (AP photo/ Nati Harnik)

Pity the poor financial analysts — the economy is improving

Beating expectations has become the 1Q norm. The consenus among financial analysts was that corporate America had already squeezed as much profit as it could from a weak economy.

The analysts couldn’t have been more wrong. So far most companies have reported better than expected earnings. And by most, I mean about 8 out of 10.

It started with Alcoa, which reported a profit of $94 million, or 9 cents a share. Analysts were expecting a loss of 4 cents per share. On Tuesday, Apple surprised the experts with a profit of $11.6 billion, a whopping $12.30 a share. Analysts predicted $10.06 per share.

In between a slew of other companies have reported positive earnings.

If the experts could be so wrong about 1Q earnings, maybe the economy is doing better than they’re telling us. Or maybe this will be the highwater mark for 2012. I’m thinking the economy is slowly getting better and profits will be the norm this year.

Here’s a different view from Randall W. Forsyth writing for Barrons.com:

This May Be as Good as It Gets for Stocks in 2012

Here’s what the Fed said today:

Fed: Economy growing modertely; no policy changes

Amazon vs. FedEx

The Amazon you love if you’re a consumer or hate if you’re a competing retailer won’t be the Amazon of the future.

According to Forbes contributor Michael Kanellos, Amazon eventually will focus on providing logistics and it’s biggest competitors “will be men in shorts: logistics companies like UPS and FedEx.”

Sound farfetched? Maybe. But Kanellos offers an interesting take on some recent Amazon moves.

“Amazon is at a crossroads. The company garners billions a year in revenue from selling e-books, household items and vacuuming up rising retailers like Zappos. Retailing, though, can be a difficult single-digit margin business,” Kanellos writes.

Here’s his full story: Will Amazon Become the Next FedEX?

 

When the banks whine, watch your wallet

Big banks have done lots moaning lately. Every day, it seems, bankers are boo-hooing
PAULSON+MONEY.jpgabout financial regulations cutting into their profits. The bigger the bank the louder the sobs.

To replace lost revenues banks are charging new fees and eliminating services that previously were free. Sometimes the new fees spark a hail-storm of protest and the banks back off. Like last year’s failed debit card fee.

But are the banks really as bad off as they want us to believe?

In a word, no.

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A thousand dollar Apple?

Shares of Apple Inc. are trading around $346 today, an 82 percent increase from a year ago.

dd21a2e537ab1511d90e6a706700d3f6.jpgHow high can it go? If you believe today’s buzz, Apple’s stock price has ample room to grow.

Some are predicting as much as a cool grand per share. That’s right, $1,000.

I dunno. Seems kind of high to me. But then I once predicted eBay would never survive.

Here’s a sampling of the web talk.

SmartMoney: Could Apple Hit $1,000?

Tech Trader Daily: Apple: UBS Ups Target To $415, Ups Q4 Estimates

Indie Reseach

Business Insider: A 60-Second Guide To What Brokers Are Telling Their Clients This Morning

Should we eat genetically engineered food?

I’ve always been a fan of better living through science, but recent headlines about genetically engineered food sort of creep me out.

I can see the business benefits from genetically engineered food, but as a consumer I have questions.

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Best iPhone app ever? Taking your money

Once again Steve Jobs has proven he knows what geeks want. Lines were long at West Town Mall this morning as customers scrambled for the latest version of the iPhone. Some customers lined up yesterday.

Read KNS intern Hyung Chung’s fun story here.

Early reports from iPhone fans indicate the new version lives up to the hype. Lots of cool new apps.

But the best app is the smooth way the new phone separates customers from their money — again.

Come on! It’s just a phone! If you’re patient an updated version will be available for Christmas.

While you’re waiting, check out this CNN story about the Apple co-founder who isn’t a billionaire.

Cheers!

 

Four signs the recovery is on track

The economy still has a ways to go but these stories suggest good things are happening with the recovery.

Specifically — cosumers are shopping again, investors are regaining their confidence, advertising is bouncing back and, perhaps, most significant, there is light at the end of the tunnel for General Motors.

GM pays back government loans from US, Canada

Best Non-Holiday Quarter for Apple

Yahoo earnings nearly triple

Morgan Stanley’s profit of $1.41B tops forecasts

 

Houston, we have a problem

Posted by News Sentinel Business Editor Bill Brewer
Another sign of the impending apocalypse? You decide, but when a company’s local marketing/pr staffer has a pr firm in another state speak for her I’m heading for the hills and hiding under a rock.
Apple Inc. is creating another nationwide buzz with the Saturday release of its iPad, a computer the size and shape of a tablet that’s easier to handle than a laptop but larger and easier to read than an iPhone.
Given recent history with Apple’s release of the iPhone and iPod and the long lines of customers they incited, a call to West Town Mall management was in order Friday to plan for possible news coverage of the local Apple Store’s iPad release.

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