from Morning Bid with David Gaffen:

Thinking global, earning local

November 14, 2014

Earnings season has really closed down, with Wal-Mart out of the way, and with the markets sitting just a touch off record highs, it’s worth looking at how earnings fared and what valuations suggest right now.

from Counterparties:

MORNING BID – Retail therapy

August 13, 2014

All that’s left for investors now when it comes to earnings season is the shouting, but if the rest of the retailers post results anything like Kate Spade did on Tuesday, the shouts will be screams of terror rather than anything that assuages investors over the state of the overall economy. Kate Spade’s executives went into some detail on its conference call as to the nature of its margins shortfall – which Belus Capital chief equity strategist and longtime retail analyst Brian Sozzi said are not likely to improve until the middle of 2015 – and the company then did itself no favors by declaring that it wouldn’t be discussing the margin issues any further on the call. (Craig Leavitt, the CEO, violated that rule to some degree, but basically, investors don’t like it when you tell them flat-out that you’re not going to talk about your problems, and when you’re a company with a forward price-to-earnings ratio of 77.5 and a price-to-book value of 119, that’s going to be particularly true.)

from Alison Frankel:

Wal-Mart case in Delaware: How much discovery can shareholders get?

By Alison Frankel
July 11, 2014

Shareholder lawyer Stuart Grant of Grant & Eisenhofer told me Friday that he was feeling pretty good about his oral argument at the Delaware Supreme Court the previous day, in a case that will determine how much discovery plaintiffs are permitted when they sue to see corporate books and records.

from Breakingviews:

Wal-Mart can win leading the way on minimum wage

May 22, 2014

By Daniel Indiviglio
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

What Beijing can learn from Wal-Mart

By Robert Boxwell
April 17, 2014

“So, how?”

The question, short for “So, how do you want to handle this?” is a common, subtle way to invite someone to offer you a bribe in Asia. A traffic cop pulls you over for running a yellow light. He’s at your passenger window, a leather strap covering his name tag. He tells you to follow him to the police station so he can process your $100 fine. “So, how?”

from Breakingviews:

Wal-Mart puts collar on Cerberus price for Safeway

March 7, 2014

By Robert Cyran
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from The Great Debate:

On minimum wage: Mind the Gap

By Jack Temple
February 27, 2014

Just 24 hours after Senate Republican Leader Mitch McConnell (R-Ky.) warned that raising the minimum wage to $10.10 per hour from $7.25 would deal a “devastating blow to the very people that need help most,” Gap Inc. announced it would raise employees’ minimum pay to $10 per hour by next year.

from Stories I’d like to see:

Timing the capitol bloviators, the French as the tough guys, and Wal-Mart’s reputation

By Steven Brill
November 19, 2013

1. Timing the capitol bloviators:

Watching the spate of committee hearings on Capitol Hill related to the Obamacare launch debacle reminds me of a story -- or, rather, an ongoing type of coverage -- that I wish the Washington Post, Politico or even C-Span would do: Keep count of the percentage of time each senator or congressman talks versus the amount of time the witnesses, whose appearances are ostensibly the purpose of the hearings, get to talk.

from The Great Debate:

Can Western companies put an end to Bangladesh factory disasters?

By Pramila Jayapal
April 26, 2013

On Wednesday, while a Bangladeshi survivor of last November’s Tazreen fire that killed 113 people was talking to a Seattle audience about the need for corporations to be held liable for safety violations, it happened again. That day, a factory housing dozens of garment manufacturers in Bangladesh collapsed outside of Dhaka. Since then the death toll has skyrocketed to more than 300 workers, with hundreds more still trapped in the rubble.

from Stories I’d like to see:

A working legislature, post informant life and Wal-Mart’s guns

By Steven Brill
January 15, 2013

A legislature that works:

Maybe it’s because I live in New York and have to read all the time about what may be the world’s two most dysfunctional legislative bodies – in Albany and Washington. But I wish a reporter for a national news organization would try to find the country’s best state legislature. A place where Democrats and Republicans actually work together. A place where money isn’t everything, and where everything isn’t done at the 11th hour, or later, followed by an orgy of self-congratulation.