• Securities & Exchange Commission Closes Inquiry Into Overstock.com

    Overstock.com (NASDAQ:OSTK) announced today that the Salt Lake City office of the SEC notified them that it is not recommending any enforcement action against the company. The following was reported: “I know that the SEC has an obligation to look […]

  • Note to executives prone to spin and deflect

    Ethisphere has published its 2008 list of the World’s Most Ethical Companies. One of the guiding principles in putting this list together: The World’s Most Ethical Companies are the businesses that respond not with a PR campaign, but with real […]

  • Milwaukee Public Schools Budget Time: Fun to Be Had By All

    If you live in the Milwaukee area, you’re well aware that the Milwaukee Public Schools (MPS) is easily one of the worst school systems in the country. The answer always seems to be MONEY. But the money isn’t really “for […]

  • Antoin “Tony” Rezko convicted of 16 corruption charges

    This afternoon, Tony Rezko was convicted on 16 counts of corruption. He was convicted of working with Stuart Levine to extort millions of dollars from companies that wanted to do business with the state or that needed regulatory approval. The […]

  • Headhunters desperate: Now using auto-dialers

    I just got a call from a headhunter. Yahoo. But here’s the best part: The number was blocked so it came up private and they were using an auto-dialer. You know… the things telemarketers use to dial, dial, dial, and […]

  • Fund Manager Being Sued for Libel

    Timminco Limited is suing fund manager Ravi Sood and his firm Lawrence Asset Management because of the following statement made by Sood on Business News Network in April: There is no evidence that they have any sort of proprietary technology. […]

  • Are You Ready for Future Labor Shortages?

    By Barb Bartlein, CSP People are getting old. Not just in the US but all over the world. The elder population, 65 and older, is the largest growing sector in all developed countries. According to Census Bureau projections, the US […]

  • Article on Barry Minkow’s Herbalife Investigation

    Yesterday the Los Angeles Business Journal did a feature article on Barry Minkow and his investigation of Herbalife (NYSE:HLF) and other multi-level marketing companies. A few snippets from the article, Minkow Targeting Supplement Maker: Former fraudster hectors Herbalife:

  • No Profitability to “Maintain” at Overstock.com

    Sam Antar pointed out this hilarious directive that Patrick Byrne and Overstock.com (NASDAQ:OSTK) received in 2002 from the SEC. (Note that the company has still never had a profitable year. Ever.) From Overstock.com S-1 filed on 03/05/02: “We have grown […]

  • Overstock.com is Doing Better if EBITDA is Worse Than They Reported?

    This level of logic from the supporters of Patrick Byrne and his supporters is pathetic. Sam Antar has brought up the issue of Overstock.com’s (NASDAQ:OSTK) violation of SEC regulations in reporting EBITDA. The result of that improper reporting? EBITDA is […]