Archive for: August, 2011

Second Largest Home Improvement Retailer in the World to Buy Back $5 Billion of It’s Common Stock

Lowe’s Company Inc plans to buy back the companies common stock over the next two to three years. Although this new repurchase authorization has no expiration date, the company expects to use the full amount over the next two to three years. It’s Board of Directors also declared a quarterly cash dividend of fourteen cents [...]

Reagan Official Says, GOP Has “checked out of reality” (Video)

Former director of the OMB, congressman, and former Reagan official, David Stockman, declared all of the GOP presidential candidates are “willfully ignoring the facts of life”. One unanimous, “NO!” from the collective GOP candidates particularly shocked David Stockman. The question? “Would you be in favor of a one to ten deficit reduction plan (for every [...]

Biggest Shell Oil Spill In Decades Pours Into North Sea

Shell oil is struggling to control the biggest oil spill in British seas since 2000. Reminiscent of BP’s efforts to stop the oil rig leak in the gulf, the oil mega giant is trying to stem the daily flood of at least a thousand barrels into the North Sea. Last Wednesday, the main oil leak [...]

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