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DETROIT – The last time shares of Ford Motor dropped by more than 18% in a day, as they did last week, the U.S. automotive industry was on the brink of bankruptcy during the Great Recession.Ford, which avoided bankruptcy in 2008-2009, is far from any sort of such disaster, but…

Inflation has caught up with McDonald’s, and budget-conscious Americans are looking elsewhere for their fast-food fix. But McDonald’s believes it has a solution: Value meals. McDonald’s on Monday reported that sales at US stores open at least a year fell 0.7% last quarter from the same period a year earlier,…

“It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Maybe Mark Twain but could be Josh Billings or someone else entirely The Great Rotation from large cap stocks to small cap and value stocks, that started a…

Many European pharma executives have something in common with Olympic athletes. As this summer’s Paris games will prove, being an “also-ran” can be brutal. Sponsors love winners, even if other competitors have compelling stories. In the pharma sector, investors’ approach is no different.The market’s obsession with weight loss treatments has…

An increasingly popular way to avoid probate and other estate planning issues is the transfer on death or payable on death account. There can be more to these accounts, which I’ll refer to as TODs, than many people realize. Most financial institutions now have a specific form that is completed…

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