Marketplace for Thursday April 17, 2014
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Goldman Sachs announced an 11 percent drop in profit today… and it’s stock went up one percent. This happens all the time in the financial world: a company’s shares move in opposition to its earnings results. Why? It’s all about the investors’ expectations, and how the company matches up to them. Mark Garrison explains how those expectation s come about. Also, companies in sectors from telecommunications to banking to healthcare are employing a new technique to shield themselves from lawsuits – adding a provision to their terms of service to say by using a service or buying a product or even liking something on Facebook, consumers agree they can’t sue the company. We look at how widespread this is, and whether the practice might withstand a legal challenge. Plus, Sonic is the 4th largest burger chain in the U.S. by sales, but you wouldn’t know it in a lot of states, because it’s concentrated in certain regions. Now the chain that serves its food drive-in style is expanding. Is it freeing to be #4, after the standard McDonald’s, Burger King and Wendy’s?