Government regulators are putting the squeeze on one of the vilest forms of investment fraud: scams targeted toward young members of the U.S. military.
"I will gladly pay you Tuesday for a hamburger today."
Companies like Bally Total Fitness (NYSE: BFT), Coors (NYSE: RKY) and Hershey Foods (NYSE: HSY) are just a few of the U.S. businesses that have set their sights on a share of the booming Hispanic consumer market.
San Diego companies are joining others from across the country to join the ranks of the publicly traded. After years of decline, filings of initial public offerings of stocks are on the rebound.
With the possible exception of people looking for a job, no group was more thrilled with the positive employment report issued on Friday than retailers. The Labor Department reported that U.S. payrolls rose by 57,000 in September, the first increase since January.
An early surge in trading on Monday on better-than-expected manufacturing data pushed stock prices to levels that proved too tempting, and investors decided to cash in some of the gains from the recent weeks of higher trading.
Diners who drive down El Camino Real in the heart of Encinitas have probably noticed that a quick service restaurant is getting a facelift. What used to be a Boston Market outlet is being remodeled and will soon reopen as a Chipotle Mexican Grill. What they may not realize is that this change is part of the plan by McDonald's to achieve dominance in the competitive food industry.
The old adage, "It's a market of stocks, not a stock market" has certainly applied to San Diego's publicly traded companies over the past year. The only consistency in the tale of the local stock tape has been inconsistency.
Retailers are finding out that the critical back-to-school shopping season is not bringing people back into their stores the way they had anticipated. Rack it up to the latest example of cautious consumer spending.
The losses suffered by investors in the past 30 months are staggering. As measured by the Wilshire Total Market Index, the value of publicly traded companies has plunged by $7 trillion since hitting a peak in March 2000 -- $2.4 trillion has been lost in the first six months of this year alone.
A lot of people today can certainly sympathize with the message that Tennessee Ernie Ford sang about in 1955 in his hit record, "Sixteen Tons." "Another day older and deeper in debt," seems as true now as it did nearly a half century ago.
Hardly a week goes by that there isn't another report or survey ranking companies on everything from corporate citizenship to investment performance. Sometimes it is a matter of pride to be included on these lists, other times it is reason to hide.
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