Financial News Headlines

Honest Tea founder on being owned by Coke: “It’s a dual identity”

May 21st, 2011

Seth Goldman, co-founder of Bethesda, Maryland-based organic beverage company Honest Tea, said his company maintains a small business culture, even though parent Coca-Cola Co increased its minority stake to full ownership in March.

With 2010 sales of $71 million, the company’s teas can now be found in national retail chains such as Kroger and CVS. Goldman, in Washington recently for an SBA National Small Business week event, spoke to Reuters about the transition.

Q: Were you able to maintain the Honest Tea culture after Coke took full ownership?

A: Absolutely. What’s really nice about us is that we still operate as a small business. We

Read more…

Tags: Founder, Honest Tea

Posted in Financial News | No Comments »

Hungary: Base rate left unchanged at 6.00%

May 20th, 2011

As expected, the Central Bank decided to leave the policy rate unchanged at 6.00% today.

The statement of the monetary council will be published and the Governor’s press conference will start at 3 p.m.

Tags: Unchanged, Unchanged 600

Posted in Financial News | No Comments »

Your Take: Would You Consider Wedding Insurance?

May 20th, 2011

Posted in Financial News | No Comments »

Are Banks Failing Less Often?

May 17th, 2011

It’s not looking good.

As of this past Friday, 123 banks have failed through the first twenty weeks of the year (they release data on Mondays, so I counted weeks by the number of Mondays in 2011). We’re on pace for around 319-320 bank failures this year.

The number of failures isn’t everything though. Fortunately, despite the frequency, the size of these failures is much smaller. Most of the banks had less than or around $300 million assets with just a few in excess of a few billion (two – United Western Bank in Colorado and Superior Bank in Alabama). It’s the smaller guys going under, which doesn’t make for interesting news on a national scale, but they’re still going.

That said, don’t be concerned that your bank is going to fail. The FDIC has yo

Read more…

Tags: Banks, Banks Failing

Posted in Financial News | No Comments »

Al Jazeera boss tops innovators list

May 15th, 2011

When former Egyptian president Hosni Mubarak cut off the countrys Internet in an attempt to silence the media, Al Jazeera got creative and began broadcasting via cellphones and reporting through social networks such as Facebook and Twitter.

This kind of lateral thinking thrust the Arab CNN into the global spotlight and landed its leader Wadah Khanfar at the top of Fast Companys 2011 list of The 100 Most Creative People in Business.

We think a lot about whos going to be No. 1, said Fast Company executive editor Rick Tetzeli, noting Khanfars selection, ahead of innovative leaders at Apple (Scott Forstall, No. 2) and Google (Sebastian Thrun, No.

Read more…

Tags: Al Jazeera, Jazeera

Posted in Financial News | No Comments »

How to Get Free Shipping

May 15th, 2011

Savings Accounts and Money Market Rates provided by 13 May 2011

When purchasing products advertised on the Internet or TV, you can easily run into a situation where you’re paying substantially more than you anticipated. In many of those cases, consumers fail to read the small print about extra expenses, such as shipping cost.

Sometimes the prices quoted are so low that they seem too good to be true. But when you add in shipping costs, especially “fast shipping,” you could be caught off guard with how much you’re paying over that initial price.

Be a smart shopper by looking for those specials that advertise “no shipping charge” or “shipping is free.” Be even smarter by requesting free shipping when it’s not advertised.

Here are a few points to consider when seeking out free shipping deals:

• Free shipping can be seasonal. You will

Read more…

Posted in Financial News | No Comments »