US Elephant Pharmacy Joins Others in the Bankruptcy Zone | Elephant Pharmacy is Out of Business

Global financial crisis is the concern of almost everyone this 2009. For a fact, more and more businesses are shutting down their operations, mostly because of inability to achieve their productivity targets. Add to the growing list is Elephant Pharmacy that has gone out of business the other day.

"The Berkeley-based retailer has filed for chapter 7 bankruptcy and has already closed its three stores in Berkeley, San Rafael and Walnut Creek. No details were available on when or how the six-year-old company planned to liquidate its inventories, but at the Walnut Creek store, many products have been out of stock for some time."

BusinessesElephant Pharmacy is not that big and strong like an elephant, after all.

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Photo Credit: http://www.okizu.org

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Apple Earnings Rise Mildly | Apple Investor Relations Remain Strong

Apple has finally revealed its earnings for the fiscal first quarter with a profit of $1.61 billion, or $1.78 a share, on revenue of $10.17 billion. It was slightly higher than the company’s profit in the same period a year ago, $1.58 billion, or $1.76 a share, on revenue of $9.6 billion.



The company sold around 2.5 million Macintosh computers last year. Apple iPod shipments rose 3% in the quarter compared to a year ago at around 22.7 million units. IPhone shipments, on the other hand, soared 88% to 4.4 million units.

Despite the rumors on the health of Apple CEO’s Steve Jobs, investor relations remain strong.

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