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Sep 30


Marco Polo

Ralph Lauren announced Tuesday he will step down in October as CEO from the company that bears his name. Mr. Lauren, who turns 78 next month, has hired Stefan Larsson, the global president of Old Navy to succeed him as CEO. Larsson, 41, is credited with helping revive sales at Old Navy and previously spent 15 years at H&M. Mr. Lauren will still remain active and is considering bringing on a partner to help expand the company. [Continue reading...]

Sep 29


Splitting up…

Monday, Aluminum giant, Alcoa Inc. (AA) announced it will split into two companies in a move that would isolate the company’s more profitable parts-making units from its raw aluminum operations. The breakup is one of the most dramatic consequences of the commodities bust driven by slower growth in China. Alcoa’s move comes after other large companies have undertaken splits in expectation that a narrower focus will drive better results. Shares of Alcoa traded up $0.52 in Monday trading. [Continue reading...]

Sep 28


Just Do It…

Shares of Nike (NKE) jumped on Friday, after the company reported a 23 percent boost in fiscal first-quarter profit, topping analyst estimates. The Oregon-based sportswear and footwear company posted a profit of just under $1.18 billion or $1.34 a shares. Revenue jumped 5 percent or $8.41 billion on strong sales worldwide, topping expectations of just under $8.22 billion. A surprise to most everyone… the company’s most significant growth came from China and Japan where sales rose over 30%. Shares of Nike, which closed up $10.21 to $125.00, helped lift the Dow Jones into positive territory on Friday. [Continue reading...]

Sep 25


Sad Cat

Caterpillar Inc. (CAT) announced it would slash thousands of jobs and cut manufacturing space by 10 percent as weaker demand from resource and construction companies will continue to drive down sales of its heavy equipment thought at least next year. Job cuts could exceed 10,000 through 2018, with 4,000 to 5,000 salaried and management positions to be eliminated by the end of the next year. The company now expects 2015 revenue to be around $48 million- $1 billion lower than its previous projections. The announcement underscores the depth of the downturn in the mining and energy sector on the last several years. Shares of the company tumbled in Thursday’s trading. [Continue reading...]

Sep 24



On Wednesday, Volkswagen CEO Martin Winterkorn stepped down after expressing confidence the world’s largest carmaker and Germany’s biggest company would overcome a growing emissions crisis that has left its reputation in tatters. Winterkorn, having no knowledge of the software program or how it got loaded into 11 million vehicles, resigned because he felt it was the right move for the company as it navigates through this turbulent time. A successor is expected to be name by the end of this week. Volkswagen’s executive committee, a sub-panel of its full board, expects further “personnel consequences” in the days ahead as it continues to investigate how the company installed sophisticated software into 11 million diesel cars to avoid emission regulations. The committee also took the extraordinary step of saying it will submit a criminal complaint to Germany prosecutors.

On Loan

Wireless carrier, T-Mobile, announced on twitter it is offering new and existing customers a new iPhone 6S (16GB) for $5 a month with the trade-in of an old iPhone 6 or 6 Plus. The promotion is part of the company’s “Jump on Demand” contract that allows customers to upgrade to a new smartphone up to three times a year for free. With the plan, customers aren’t buying an iPhone they agree to pay a certain amount per month charge to use it for 18 months. At the end of the term customers can either purchase the phone for an additional $164 or get a new one.


Asia: Asian shares closed mixed on Thursday, after a meh day on Wall Street, stronger yen, and weak manufacturing data from Japan weighted on investors nerves.

Europe: European stocks closed slightly higher as better economic data from the Eurozone outweighed fears about China.

U.S: U.S. markets closed slightly lower on Wednesday marking the fourth losing session out of five. DJIA: -51.04 16279.49 S&P: -3.99 1938.76 NASDAQ: -3.98 4752.74

Word of The Day:

Credit Risk

The risk investors could lose their principal or financial reward when a borrower fails to repay a loan or otherwise meet a contractual obligation. Investors are compensated for assuming credit risk by higher interest payments from the borrower or issuer of a debt obligation.

Dinner or Drink:

The Paper Plane


  • 3/4 oz. bourbon
  • 3/4 oz. fresh lemon juice
  • 3/4 oz. Amaro Nonino
  • 3/4 oz. Aperol
  • Lemon Twist

Combine all the liquid ingredients in a cocktail shaker with ice. Shake thoroughly and strain into a chilled cocktail glass, flute or coupé. Or pour into a lowball glass with a single large ice-cube. Garnish with a lemon twist.


Sep 23


There’s An App for That…

Hate standing in line for your daily cup of java? Now, there’s an app for that. On Tuesday, Starbucks (SBUX) announced the national release of its mobile app that lets customers order and pay in advance. Customers of the Seattle based coffee chain can now order lattes, breakfast sandwiches, and other items that theoretically will be ready by the time they arrive.  Starbucks introduced its order-and-pay ahead app in Portland, Oregon late last year and has expanded to 3,400 of its more than 7,400 company-owned U.S. stores. As of Tuesday, all remaining locations, including New York City, Chicago, and San Francisco will now be able to participate. Shares of Starbucks, like the overall markets, closed down on Tuesday. [Continue reading...]

Sep 21



Hotel chain, La Quinta Holdings Inc. (LQ), announced President and Chief Executive Wayne Goldman has stepped down. The decision was mutual between the hotel company’s board and Mr. Goldman. Chief Financial Offer Keith Cline will take over as interim president and CEO, effective immediately. The company also announce it has lowered 2015 guidance for revenue per available room, citing weaker-than-expected demand not only in August and September, but the rest of the year.

You’re In Trouble…

On Friday, The Environmental Protection Agency claims Volkswagen sold nearly half a million diesel cars with software intentionally designed to bypass standards for air pollutions. According to the EPA the software was created to hide the cars emission of nitrogen oxide, a pollutant which contributes to ozone and smog. The allegations center around an estimated 482,000 4-cynlinder Volkswagen and Audi diesel passenger cars sold in the U.S. since 2009 and could result in up to $18 billion in fines.  [Continue reading...]

Sep 18



The Federal Reserve announced Thursday they will leave short-term interest rates unchanged after weeks of market churning debate. While the central-bank does not believe recent global economic and market volatility will throw the U.S economy off track, they want to wait and make sure before pushing rates higher. So when will the Fed raise rates? Most policy makers at the meeting, 13 of 17, indicated they still see a rate hike before the end of the year, but that is down from the 15 who held the view in June. Good news, the central bank has two more meetings this year, in late October and mid-December. [Continue reading...]

Sep 17


I Want My MTV…

European cable operator, Altice NV, has agreed to acquire Cablevision Systems Corp (CVC) in a $17.7 billion deal, creating the fourth-largest cable provider in the United States. Shareholders of Cablevision will receive $34.90 a share in cash, or 22 percent more than yesterday’s close. As part of the deal Altice will also acquire Cablevision’s money-losing New York-area newspaper Newsday and TV station News 12. Cablevision was up 16 percent in early trading and Altice was up 3.4 percent in trading in Amsterdam.

Let’s talk….

In a bold move Anheuser-Busch InBev announced Wednesday it had approached its beer rival SABMiller about a potential takeover. If successful, the two merged companies would put some of the world’s most popular beers under one roof. Buying SABMiller, owner of Miller beer, would give Anheuser-Busch InBev more exposure to faster growing emerging markets like Latin America. There are still a couple hurdles to go for the merger to make it. First, the two companies have to actually sit down and talk, which they haven’t technically done yet. Second, once the two companies have an agreement in place, the merger will still subject to government approval.


Asia: Asian equities closed mixed on Thursday as the world waits for the Fed’s decision.

Europe: Europe equities closed higher on Wednesday as takeover talks and rising oil prices made investors happy, happy, happy.

U.S: U.S stocks closed higher on Wednesday as investor eyed a jump in oil prices while wondering what the Federal Reserve will do. DJIA: +140.10 16,739.95 NASDAQ: +28.72 4,889.24 S&P: +17.22 1995.31

Word of The Day:

Yield Curve:

A line that plots interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. Most frequently used to compare the three month, two-year, five-year, and thirty-year U.S Treasury debt. The yield curve is used as a benchmark for other debt markets like mortgage rates or bank lending rates.

Dinner or Drink:

Whiskey Sour

.75 oz. Fresh lemon juice

.75 oz. Simple syrup (one part water, one part sugar)

1.5 oz. Bourbon

Garnish: 1 Cherry and/or lemon wedge (optional) Glass: Rocks


Add all the ingredients to a shaker and fill with ice.

Shake, and strain into a rocks glass filled with fresh ice.

Garnish with a cherry and/or lemon wedge if desired.




Sep 16


Cost Cutting…

Computer giant Hewlett-Packard Co. (HP) announced plans to cut another 25,000 to 30,000 jobs as it prepares to split the company into two separate businesses. The latest staff reductions are part of a plan to cut $2.7 billion in annual costs and prepare both companies to be leaner and better positioned to compete in new markets such as cloud computing. Tuesday’s disclosure is in addition to the 55,000 the company previously announced. The reductions will result in a $2.7 billion charge to earnings which will appear in the company’s fourth-quarter financial statement. Shares of HP closed slightly higher on Tuesday.

Grand Opening

Fast food chain, Taco Bell (YUM), will open a location in Chicago next week that will serve wine, beer, sangria and frozen mixed drinks, marking the first time the chain will serve alcohol in the United States. The new restaurant will also feature a menu of “tapas-style” appetizers, a mural painted by a local artist and an open kitchen, all trends the chain says will draw in millennials. A similar location will open later this month in San Francisco.


Asia: Asian shares closed higher as investor moral got a boost from a suspected intervention from Beijing and yesterday’s rally on Wall Street.

Europe: European shares closed higher on Tuesday as investor’s inch closer to Thursday’s FOMC rate decision.

U.S: U.S. shares closed higher as investors eyed some of the final data reports leading into the Fed’s key meeting. DJIA:  +228.89 16,599.85 S&P: +25.06 1,978.09 NASDAQ: +54.76 4,860.52

Word of The Day:

Operating Margin

A measurement of what portion of a company’s revenue is left over after paying for the variable costs of production like wages or material costs. Operating margin give analyst an idea how much a company makes (before interest and taxes) for each dollar of sales. The higher a company’s operating margins, the better off the company is.

Dinner or Drink:

The Distrito Federal (aka Tequila Manhattan) Cocktail

2 oz. Reposado tequila

1 oz. Sweet vermouth

2 dashes Orange bitters

Garnish:  1 Lime twist or cherry                                   Glass: Cocktail

Add all the ingredients to a mixing glass and fill with ice.

Stir, and strain into a chilled cocktail glass.

Garnish with a lime twist or a cherry.



Sep 15


Flying High…

Airbus officially opened its first jetliner factory on U.S. soil. The new $600 million plant, located in Alabama, will help Airbus meet its goal of churning out 50 narrow-body jets a month by 2017. Currently, the company produces 47 however, with a back log of more than 5,400 planes, Airbus may increase their lofty goal even more. Ultimately, Airbus hopes the plant will help it sell more of its planes to American customers as the company continues to close in on its goal of 50 percent U.S. market share.

Not So Heavy Metal

Ford Motor Co. (F) and aluminum maker Alcoa Inc. (AA) have reached a new supply deal that will expand the use of aluminum in the car maker’s F-150 pickup trucks and other vehicles. The agreement will allow Ford to use more sophisticated aluminum alloys in Ford’s top-selling trucks and eventual flow over to other Ford models over time. Using Alcoa’s new aluminum-casting technology Ford can make more parts, such as fenders, instead of buying them from a number of suppliers for the F-150’s body. Using aluminum instead of steal, Ford has cut the truck’s weight by almost 700 pounds boosting fuel efficiency between 5-29%. Terms of the deal have not yet been disclosed by either company.


Asia: Asian markets closed mostly lower on Tuesday as Chinese markets took another nosedive on global growth worries.

Europe: European shares closed lower on Monday as investors remain cautious ahead of the U.S. Federal Reserve interest rate decision this week.

U.S: U.S. stocks closed lower Monday as investors weighted mostly negative overseas stock performance while keeping a close eye on Thursday Federal Reserve meeting. DJIA: -62.13 16,370.96 S&P: -8.02 1,953.03 NASDAQ: -16.58 4,805.76

Word of The Day:

Return on Investment (ROI)

ROI measures the amount of return on an investment relative to the investments costs.

Dinner or Drink:

Heavy Metal #2

1 oz. vodka
1 oz. Jack Daniel’s® Tennessee whiskey
4 drops Tabasco® sauce


Stir together in a cup, and serve.



Sep 14


Money in your pocket

Google (GOOGL) has officially launched its second attempt at mobile payments, Android Pay. The service, first announced in May, will support credit and debit cards from the four major payment networks: American Express, Discover, MasterCard, and Visa along with store gift and loyalty cards. Google has struck agreements to get the service into more than 1 million retail locations including Macy’s, Whole Foods, and Walgreens.  Four years ago, the company made entry into the mobile payment world when it launched Google Wallet but with few retailers supporting it and a couple of wireless phone service providers disabled the app, it failed. If Android pay can succeed this time, it could help mobile payments take off and keep Google relevant in the $3.5 billion industry. Like other mobile payment services, the new payment system will not directly transmit consumer credit or debit card numbers. Instead it sends a computer-generated account number as a stand in.

Office 2016…

Microsoft Corp. (MFST) is set to release their Office 2016 this month. The new Office software will be more platform than product, adapted to desktops and other devices like mobile and iPad’s. The new Office 2016 will leverage some of the major developments in social and collaborative work, along with better sharing functionalities. By incorporating some of the larger productivity trends into one suite, Microsoft hopes to keep big business using its various software and services as the company continues to face the challenges of worldwide PC sales continuing to decline.


Asia: Asian markets closed lower as traders digested a slew of Chinese data released over the weekend and caution ahead of this week’s Federal Reserve policy meeting.

Europe: European markets closed lower on Friday as investors continue to climb the wall of global growth worry.

U.S:  U.S. stocks closed higher on Friday despite a renewed decline in oil prices and caution ahead of Federal Reserve’s upcoming meeting. DJIA: +102.69 16433.09 S&P: +8.76 1961.05 NASDAQ: +26.09 4822.34

Word of The Day:

Business Cycle

The periods of expansion or recession that an economy experiences over time.

Dinner or Drink:

The Office

1 part Malibu® coconut rum
2 Orange Fused Pineapple Sunny D juice

Mix one part Malibu Coconut Rum with 2 parts Orange Fused Pineapple Sunny D.

Like our drink, click here for more.

Sep 10



Apple Inc. (AAPL) unveiled its new set of goodies on Wednesday, offering improvements to the larger-screen phones that put the company on the map. Before the long awaited unveiling of the newest editions of its iPhones, the company announced a new revamped up version of its Apple TV set-top box with a new voice controlled remote control and updated software. Apple also unveiled a new larger iPad that blurs the lines between tablets and laptop computers. Apple added new features to its iPhones, including an improved camera which can shoot higher resolutions images and videos and new 3-D touch features that allow people to interact with smartphones in new and different ways. The new editions of the 6 and 6 plus will remain the same price as the current model. Apple did have one small surprises up its sleeve. The company announced a new $32 a month phone upgrade plan which allows users to get the newest version of the iPhone each year regardless of which carrier they have or where they are in their contracts. All the new products are part of Apple’s push to refresh its major product lines ahead of the crucial holiday season. [Continue reading...]

Sep 9


Crash And Burn….

Airline giant, United Continental Holdings Inc. (UAL), announced Tuesday, Chief Executive Jeff Smisek and two top lieutenants have stepped down as a result of a federal investigation into the airlines relationship with the former chairman of the Port Authority of New York and New Jersey, David Samson. The announcement is a dramatic twist in the probe by prosecutors from the office of U.S. Attorney Paul Fishman, which began more than a year ago. The investigation centers around allegations the airline added a revenue losing flight back to Columbia, South Carolina where Mr. Samson had a vacation home, while the company was in negotiation with the Port Authority.  The flight was canceled after Mr. Samson resigned from his positions in March 2014. [Continue reading...]

Sep 8


Coming Soon (AMZN) plans to release a $50 tablet with a 6-inch screen as the Seattle online retailer struggles to draw customers to its pricier tablets. The new Kindle fire should be out in time for this year’s holidays and its $50 price tag will make it one of the least-expensive tablets on the market and half the price of the company’s current Fire HD 6-inch tablet. The company hopes the move will attract buyers who are looking for a simple device for straightforward tasks like streaming video and shopping on The new $50 tablet is part of a new slate of devices Amazon is planning to release this year that will also include tablets with 8-inch and 10-inch screens.

Digging in…

One of the world’s largest mining company, Glencore, announced it will scrap its dividend, issue more stock, and sell assets as commodity prices continue to tumble. Glencore had been thought to be less vulnerable to swings in the energy markets as it was built around a massive trading operation, instead the company has been hit especially hard. Investors have raced out of Glencore stock this year, driving down the share price by nearly 60%. In comparison, rival mining companies like Rio Tinto PLC have fallen 25%, while BHP Billiton is down 12%. In an interview on Monday, Glencore’s CEO Ivan Glasenberg said the moves weren’t necessary from his point of view but were made to soothe investors’ fears of a continued decline in commodity prices as demand from China slows further.


Asia: Asian stocks closed mostly higher after enduring another volatile trading session on Tuesday. Investors were treated to a wild ride as shares opened lower as China’s trade data painted a grim picture of the counties economic health however, shares skyrocketed higher in the final minutes of trading following China’s approval of railway projects worth nearly 70 billion yuan ($11 billion) by the country’s top economic planner.

Europe: European markets closed higher on Monday as investors got back in after Friday’s sell off.

U.S: U.S. markets closed lower on Friday after August’s NFP report fell short of analyst expectations. DJIA: – 272 .38 16,102.38 S&P: -29.91 1,921.22 NASDAQ: -49.58 4,683.92

Word of The Day:

Yield Curve:

A line that plots interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity dates. Most frequently used to compare the three month, two-year, five-year, and thirty-year U.S Treasury debt. The yield curve is used as a benchmark for other debt markets like mortgage rates or bank lending rates.

Dinner or Drink:

Aztec Gold

35 ml gold tequila
15 ml creme de bananes
15 ml amaretto almond liqueur
15 ml Galliano® herbal liqueur

Ice a shaker and add ingredients. Shake vigorously for 12- 15 seconds and strain into a chilled cocktail glass. Garnish with a lime wheel on the rim.

Like our drink, click here for more.


Sep 4


Jobs, Jobs, Jobs

On Friday, the Labor Department released their monthly non-farm payroll report. According to the report the economy added 173,000 jobs, well under analyst expectation. The unemployment rate dropped to 5.1%.

New Toy

Samsung unveiled its newest toy, a new smartwatch, on Thursday. The Gear S2 is Samsung’s seventh smartwatch and should be available in the United States starting in early October. Among the watch’s most striking features is a circular screen and rotating rim which allows users to easily navigate through apps and other features on the device. The Gear S2 comes in two models. One version for the consumer who likes a modern, minimalistic look. The other version sports a more classic look and boasts a black body. Both models should last two or three days on a single charge and can work with non-Samsung phones. Better start being nice, Christmas is only 3 short months away.


Asia: Asian stocks closed lower on the final trading day of the week, as investors anxiously awaited the U.S. nonfarm payroll report for August.

Europe: European markets closed higher on Thursday after ECB President Mario Draghi announced the European Central Bank will continue to press down on the QE gas pedal.

U.S: U.S. markets closed slightly higher on Thursday as early optimism stemming from ECB President Mario Draghi comments earlier in the day began to fail. DJIA: +23.38 16374.76 NASDAQ: -16.48 4,733.50 S&P 500: +2.27 1,951.13

Word of The Day:

Income Statement

A company’s financial statement which measures financial performance over a specific accounting period. Financial performance is assessed by providing a summary of how the business incurs its revenues and expenses through operating and non-operating activities. The statement also shows the net profit or loss over a fiscal quarter or year.

Dinner or Drink:

Mayrum’s Grass Skirt

.5 oz. Caña Brava Rum

1 oz. Rittenhouse Rye

.5 oz. Koval Rosehip Liqueur

1 oz. Fresh pineapple juice

2 dashes Peychaud’s Bitters

.25 oz. Juice from brandied cherries

2 Mint leaves

Garnish: Mint sprig  Glass: Coupe

Add all ingredients to a shaker and fill with ice.

Shake, and strain into a coupe glass.

Garnish with mint sprig.

Have a safe and wonderful holiday weekend!

Sep 3


Jobs, Jobs, Jobs….

On Wednesday, payroll provider ADP released their monthly private sector jobs report. According to the report U.S businesses added 190,000 jobs in August, up from 177,000 in July. The figures suggest the turmoil in the financial market and worries about faltering growth in China have had little impact on the U.S. job markets so far. Next stop, Friday’s release of the government’s Non-Farm Payroll report. [Continue reading...]

Sep 2


Big Mac with a side of eggs

Starting October 6, McDonald’s Corp (MCD) is embarking on its biggest operational change in years with plans to offer breakfast items all day at the fast food chains more than 14,300 U.S. restaurants.  The move should help McDonald’s franchisees who have struggled with slowing sales, as customers of the chain for years have begged for the opportunity to purchase breakfast all day. The new move will have a cost to franchisees who will need to add or change equipment and process to ensure raw eggs do not come into contact with burgers however, many feel the cost will pay for its self. Shares of McDonald’s, like the overall markets, closed lower on Tuesday. [Continue reading...]

Sep 1


Team Building…

Apple Inc. (APPL) and Cisco Systems Inc. (CSCO), announced Monday, they are teaming up to help bring more iPhones and iPads to business users. The partnership should help Apple mobile devices communicate more effectively on corporate networks where Cisco products are widely used. The two companies plan to work jointly on technology to help workers with iPhones and iPads use Cisco collaboration products, including its video-and Web-conferencing services, better. The announcement comes as Apple is beginning to take steps to build a broader presence in business.

In The Cloud….

Google Inc. (GOOGL) announced Monday its health-care unit will partner with European pharmaceutical company Sanofi SA on new ways to monitor and treat diabetes. Google’s Life Science division is working on small, connected medical devices to continuously collect diabetes-related data, as well as software which will could produce new treatments base on the data it collects. Neither company disclosed the cost of the partnership. Shares of Google, like the overall market, closed down $12.13 on Monday.


Asia: Asian stocks closed lower on Tuesday after China’s manufacturing data showed an unexpected decline in production.

Europe: European stocks closed lower Monday as they tracked U.S. and Asian shares down on nagging concerns about China’s slowing growth and U.S. monetary policy.

U.S: U.S, stocks closed lower on the last trading day of the month, as investors tried to digest a volatile couple of week amid uncertainty about China and what the heck the Fed is going to do at their next meeting in September. DJIA: -114.98 16,528.03 NASDAQ: -51.82 4,776.51 S&P: -16.69 1,972.18

 Word of The Day:

Purchasing Managers Index (PMI):

An economic indicator of a country’s manufacturing private sector health from one month to the next. The index compiled by the Institute of Supply Management is based on five major indicators:

  •  New Orders
  • Inventory Levels
  • Production
  • Supplier Delivers
  • Employment Environment

A reading of 50 represents expansion in the manufacturing sector, compared to the previous month. A reading under 50 represents a contraction, while a reading at 50 indicates no change.

Dinner or Drink:

Apple Dandy Cocktail

1.5 oz. Espolón Reposado Tequila

1 oz. Pommeau de Normandie

.5 oz. Chamomile syrup

Half Lemon

Garnish: 1 Lemon wheel studded with cloves  Glass: Cocktail

Add all the ingredients to a shaker and fill with ice.

Shake, and strain into a cocktail glass. Garnish with a lemon wheel studded with cloves.


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