JC Penney On Express Train to Oblivion

I was on CNBC this week to discuss battered retailer JC Penney (JCP), commenting that the company “is on an express train to oblivion.”

Activist investor Bill Ackman is widely blamed for running the company into the ground, and the […] Continue Reading…

Pour Beam Down the Drain and Pick Up Some Diageo Instead

In case you had any doubts, it’s official. Diageo (DEO), the world’s largest spirits maker, will not be buying Beam, Inc. (BEAM) for its bourbon portfolio.

CEO Ivan Menezes said this week that Diageo would be expanding its existing portfolio of whiskeys and launching […] Continue Reading…

BlackBerry Ditches Its Management Team–Three Years Too Late To Matter

Just weeks after former CEO Thorsten Heins was given the boot, BlackBerry (BBRY) is kicking its chief operating and marketing officers to the curb as well. Roger Martin — a board member since 2007 — also is leaving BBRY, apparently of his […] Continue Reading…

What’s Warren Buffett Up To?

It’s that time of year again. Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) just released its latest 13F filing, which outlines its buys and sells over the past quarter.

While this data is always a little bit dated by the time […] Continue Reading…

Has Bitcoin Gone Establishment?

I’m not sure if this news is welcome or distressing to Bitcoin’s hardcore libertarian ideologues, but the U.S. Justice Department and the SEC are about to give the virtual currency their blessing as offering a “legitimate” financial service, according […] Continue Reading…