On Monday, Disney announced the first of six planned Starbucks locations is scheduled to open at Disney California Adventure park in June. More locations are planned at Disneyland park and Walt Disney World Resort in Florida.
Nothing about what happens during today's Republican presidential primaries in five states is expected to change the fact that Mitt Romney is the presumptive/expected/presumed/inevitable (pick your favorite word) nominee.
Polls are open in Connecticut, Delaware, New York, Pennsylvania and Rhode Island. There are 209 convention delegates at stake and Romney could pull off a five-state sweep.
General Motors is making a bigger effort in what's become the world's biggest car market. At the Beijing Auto Show this week, GM said it plans to open 600 new dealerships in China this year. GM is trying to grow Chinese sales while they still can.
Originally published on Tue April 24, 2012 3:41 am
Wal-Mart could face significant legal liability following a report accusing the company of systematic bribery in Mexico. A report in The New York Times claims Wal-Mart officials in Mexico paid more than $20 million in bribes to help the company open more stores there. The story also says top Wal-Mart executives in the U.S. looked the other way. The company's stock price fell nearly 5 percent Monday.
And let's turn now to the first political leader to be put on trial for his role in the global banking crisis. Yesterday, a special court in Iceland found that country's former prime minister guilty of essentially mishandling the banking bubble that led to Iceland's financial collapse.
Michael Stothard has been covering this trial for The Financial Times. He joined us to talk more about it. Good morning.
Originally published on Tue April 24, 2012 4:30 am
Weeks ahead of its initial public offering, Facebook released its first quarter profits Monday, and they are down 12 percent from a year ago. At the same time, company expenses have nearly doubled. Facebook attributes some of that to market expansion, which requires more employees and infrastructure.
President Obama sets off on a two-day tour of college campuses Tuesday to tout a plan to keep student loans more affordable.
The trip is billed as official business, but it has a political flavor. Stops include: North Carolina, where Democrats hold their national convention this summer; Colorado, where Obama accepted his party's nomination four years ago; and Iowa, where his White House campaign was launched in 2008.
All three states are expected to be hard-fought battlegrounds in November.