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04 Sep 2009 11:18

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Biz: American Apparel just had to lay off a bunch of illegal immigrants

  • 1,500 factory workers were found to be illegal immigrants source

04 Sep 2009 10:09

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Biz, U.S.: Job loss slowed, but unemployment still hit a new peak in August

  • 9.7% unemployment in August; it’s a 26-year high, guys source

04 Sep 2009 09:54

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Biz, Tech: Good news! Microsoft can keep selling Word!

  • And thank God. That injunction was cramping our style. Last month, a Texas court known for its little-guy-leaning decisions in patent cases ruled that Microsoft had to stop selling word over its use of an XML format patented by another company, i4i. MS was also fined $290m for the violation. Lest you think Word stop getting sold, an appeals court granted a stay of the Word ban. Microsoft is doing a happy dance for now. source

02 Sep 2009 21:18

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Biz, U.S.: Lucky bastard: The Pfizer case whistleblower got a big payday

  • We’re going to be staying right here in San Antonio in the same house, and my wife tells me when we go to the movies we’re still getting one tub of popcorn – the large tub.
  • Former Pfizer pharmaceutical rep John Kopchinski • On the massive payday he won as whistleblower in the legal battle against his former employer. Dude made a cool $51.5 million, which is about as good as winning the lottery, even though it took longer – six years, in Kopchinski’s case. • source

02 Sep 2009 20:58

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Biz, U.S.: We wish we had a 1% of this Pfizer fine in our bank account

  • $2.3 billion for wining and dining (and influencing) doctors source

02 Sep 2009 20:43

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Biz, U.S.: Way to bungle the Bernard Madoff case, U.S. government

  • 1992 the year that the Securities and Exchange Commission was informed that Bernard Madoff might be doing some sketchy things source

02 Sep 2009 10:40

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Biz: Good for them: Consumerist takes a bold stand against Cash4Gold

  • We believe citizens, consumers, and employees should be able to exercise their free-speech rights online – and journalists should be able to report on those efforts – without fear of intimidation.
  • Ben Popken and Meg Marco • In a long expose on Cash4Gold, which they wrote to expose the practices of a company which sued them and other sites in response to their posting of anonymous whistleblower statements from former employees. The whistleblower noted that the company – which until the Super Bowl this year, largely advertised on el cheapo late night advertising – gives significantly less money for traded in gold than pawn shops do. “No matter how nice the person is who gives it to you, a bad deal is still a bad deal,” they write. A bold article; good for them. • source
 

02 Sep 2009 10:28

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Biz: There’s no cure for cancer, but drugmakers sure want to find it

Drug companies like Pfizer – which has little history with cancer drugs – are throwing lots of money at the cancer problem right now. It’s a big risk. source

02 Sep 2009 09:35

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Biz, U.S.: The private sector is bleeding jobs slower than before

  • The private sector lost 360,000 jobs in July, mostly through layoffs (of sad people). source
  • In August, 298,000 jobs were lost. The slow economic bounceback begins. source

01 Sep 2009 22:42

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Biz, U.S.: You don’t want to live in this zip code without money

  • 07620 the most expensive zip code source