American Airlines Blames Passengers for Loose Seats and Billionaires Who Lost It All: Our Top Stories of the Week
We have, as usual, pulled together the best in our coverage of unusual business news, investing strategies, and market commentary.
American Airlines Now Blaming Problems on Passengers: American Airlines (PINK:AAMRQ) can't seem to figure out who to blame for its latest troubles. Dozens of flights have been canceled and travelers have suffered endless delays after rows of passenger seats came loose on at least three American 757s, due by some accounts to shoddy work by outsourced maintenance.
Riches to Rags: 10 Stars of Business and Finance Who Lost Billions: Since time immemorial, nothing has been quite as interesting as watching the lives of the rich and successful, especially when they seem to be teetering on the brink of failure.
Analysts React to iPad Mini News: It appears that the "iPad Mini" rumors are coming true. Two days ago, a major Apple investor told Fortune that multiple sources said that iPad Mini invitations will be sent out to the press on October 10. Today, the Wall Street Journal reported that Apple's Asian component suppliers have started mass production of "a new tablet smaller than the current iPad," according to people with knowledge of the situation.
Why Zynga's Mess Is Bad for Facebook: Zynga (NASDAQ:ZNGA) is getting the Hulk-smash treatment this morning after the once-hot social/online game maker significantly lowered its full-year outlook. Zynga now expects full-year bookings of $1.085 billion to $1.1 billion, down from a previous outlook of $1.15 billion to $1.225 billion. At the midpoint, this is a reduction of 8%.
Wal-Mart Store Employees Stage One-Day Strike at a Los Angeles Supercenter: This is a historic day for Wal-Mart (NYSE:WMT), the world's largest private employer. At Store No. 2866 in Pico Rivera, California, several employees have walked off the job and are staging a one-day work stoppage protest, the first in the company's US history.
Facebook Hits 1 Billion Users Mark. So Is That a Good Thing or a Bad Thing?: This morning, Facebook (NASDAQ:FB) announced that it crossed the 1 billion monthly active user mark in September, putting it just behind oxygen and water in terms of importance to human life here on Earth. But now, the question on everyone's mind: What does this mean for earnings?
Obama's Tomato War Against Mexico: Policy or Politics?: Tomato lovers, brace yourselves for a potential price increase in the coming winter.
Political Connections Boost Stock Price, Study Finds: A new study, "The Value of the Revolving Door: Political Appointees and the Stock Market," finds that -- bet you didn't see this one coming -- political connections tend to boost a company's stock price.
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