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Money & Finance

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Everything posted by Money & Finance

  1. Will the collapse of Deutsche Bank cause Wells Fargo to collapse causing a worldwide banking crisis AGAIN? How many TOO LARGE TO FAIL banks actually failing does it take to cause another credit freeze?
  2. Between 13,250 people and 26,500 people could be out of a job So said the third-largest bank in the U.S. yesterday. The what: The bank said it'll cut 5% to 10% of its employee headcount over the next three years. Wells Fargo (+0.60%) currently has about 265,000 employees, meaning between 13,250 people and 26,500 people could be out of a job. The why: It's part of Wells Fargo's ongoing turnaround plan. Remember, Wells (which has $1.9 trillion in assets) is still recovering from a series of scandals in the past two years. In just one example, branch employees opened
  3. Today, Starbucks (+0.78%) is opening its first location in Italy—a "Reserve Roastery" in Milan—as an homage to the very country that inspired its espresso-fueled vision (and ~28,000 stores worldwide). But this isn't your corner coffeehouse Look back at the picture. That's what the very upscale, 25,000-square-foot Milan Roastery looks like. Plus, it offers locally roasted coffee from 30 countries alongside freshly baked pizzas and pastries...and alcoholic drinks so you won't miss your after-work aperitivo. There's a backstory: Starbucks Chairman Emeritus Howard Schultz
  4. Stock repurchases by U.S. companies are leading to a “self-cannibalization” of the equity market, Pavilion Global Markets Ltd. wrote in a report Tuesday. The firm cited the S&P 500 IndexÂ’s divisor, which falls when companies reduce the number of shares outstanding and vice versa, as an indicator of this trend. The divisor dropped in July to its lowest level since March 2000, according to data compiled by Bloomberg, and was just above the low this week. - David Wilson / Bloomberg
  5. If your cabinets are looking a little bare these days, you might want to stock up soon. Consumer goods leader P&G (+0.82%) is raising prices on some of its major brands. The price of Pampers diapers in North America will increase 4% on average. Charmin toilet paper, Bounty paper towels, and Puffs tissues will all see an average price increase of 5%. And surprise! Tariffs aren't contributing to higher costs. Instead, P&G is hoping to ride a wave of rising consumer confidence to give its thinning margins a little room to breathe. Want another reason prices are going
  6. Consumer prices edged up 0.1%, according to new CPI data. That effectively cancels out the wage growth from June. But you already knew this.....
  7. Investors would have done much better keeping an eye on Tandem Diabetes Care, a small, promising -- yet still risky -- medical products company that is growing sales, but also losing money. In the first quarter, it sold a few thousand of its next-generation insulin pump, the t:slim X2, and says it needs an installed base of 80,000 pumps to break even on a cash flow basis, though it believes it can hit that milestone some time next year. Because diabetes is a huge growth market, with the incidence of the disease expected to grow 165% in the U.S. by 2050, Tandem has a promising technology
  8. The Global Diabetes Care Devices Market is expected to exceed more than US$ 30.25 Billion by 2022 at a CAGR of 5.9% in the given forecast period Browse Full Report:
      Hello guest!
    The Global Diabetes Care Devices Market is segmented on the lines of its glucose monitoring devices, insulin delivery device, type an
  9. In November 2011, the company received FDA clearance to market the t:slim Insulin Pump, the first ever touch-screen insulin pump.[7] In February 2013, the company received FDA clearance to market the t:connect Diabetes Management Application, a Mac and PC-compatible data management application that provides t:slim Pump users and their healthcare providers a way to display data from the pump and supported blood glucose meters on a cloud-based platform. In January 2015, Tandem announced FDA clearance of the t:flex Insulin Pump, the largest capacity insulin pump on the market. In July 2014, Tande
  10. In 2006, a group of engineers recognized the need for new and improved methods of pumping insulin and incorporated as Phluid, Inc. In 2007, Kim Blickenstaff joined the organization as President and CEO, bringing his philosophy of using market research as the inspiration for product development and started on the development of the t:slim Insulin Pump. In 2008, this predecessor company became the newly incorporated Tandem Diabetes Care, Inc. that was formed with a focus on promoting a comprehensive, user-centric, and integrated approach to diabetes product development and customer care. Tandem
  11. John Mc Avoy, chairman, president and chief executive officer, Consolidated Edison, Inc. Timothy P. Cawley, president, Consolidated Edison Company of New York Robert Sanchez, president and CEO, Orange and Rockland Utilities, Inc. Mark Noyes, president and CEO, Con Edison Energy, Con Edison Development, and Con Edison Solutions Joseph P. Oates, president and CEO, Con Edison Transmission Robert N. Hoglund, senior vice president and chief financial officer Jeanmarie Schieler, vice president and corporate secretary Robert Muccilo, vice president, controlle
  12. 1989: A steam pipe explosion in Gramercy Park killed three, injured 24, and required the evacuation of a damaged apartment building due to high levels of asbestos in the air. Workers had failed to drain water from the pipe before turning the steam on. The utility also eventually pleaded guilty to lying about the absence of asbestos contamination, and paid a $2 million fine. 2004: In Manhattan, stray voltage killed a woman walking her dog in the East Village when she stepped on an electrified metal plate. 2006: After the blackout in Queens, the company was criticized by public officia
  13. Con Edison produces 30 billion pounds of steam each year through its seven power plants which boil water to 1,000 °F (538 °C) before distributing it to hundreds of buildings in the New York City steam system, which is the biggest district steam system in the world. Steam traveling through the system is used to heat and cool some of New York’s most famous addresses, including the United Nations complex, the Empire State Building, and the Metropolitan Museum of Art.
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