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16 Jun 2009 11:07

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Biz: Full speed ahead: GM sells off Saab to European group

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  • General Motors ditched the Swedish arm the company and handed it off to a group led by sports-car maker Konenigsegg. Sounds vaguely European.source

16 Jun 2009 10:31

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Biz: Lots of new houses were being built in May. A FREAKING TON.

  • +17.2% increase in housing starts in May; that’s a massive leap source

15 Jun 2009 17:49

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Biz: The stock market took a tumble, has a boo boo

  • -187.1 Point loss of the Dow today, caused by economic fears scaring investors like a bad horror movie source

15 Jun 2009 13:00

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Biz, U.S.: Obama: U.S. could go the way of GM with faulty health care

  • If we do not fix our health care system, America may go the way of GM — paying more, getting less and going broke.
  • President Barack Obama • Speaking to the American Medical Association today. A president claiming that the U.S. could go bankrupt for any reason is a big deal, and it’s an even bigger one when it’s because of health care. Wow. • source

13 Jun 2009 16:10

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Biz: If you like amusement parks, you’ll hate this news

  • Six Flags number of flags flying above the amusement parks owned by its bankrupt namesake company source

13 Jun 2009 13:21

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Biz, Music: A high school radio station fought the music industry head on

  • WMPH set the example for protesting performance royalties for artists. The station, based in Delaware, is the subject of an FCC complaint filed by the musicFIRST Coalition after they chose not to play any of the artists on this list for a month back in 2007 as an educational protest against the idea of paying performance royalties to artists. In a statement posted on the WMPH site, the station says that, by asking stations to pay for a promotional tool, “the musicFIRST coalition of artists is attempting to hurt the radio stations, disc jockeys, and fans that have always been their greatest ally.” source

12 Jun 2009 15:49

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Biz, Offbeat: This handy chart says bologna sales have gone way up

Hey, times are tough, sandwiches are easy to make, and moms everywhere are scared of peanut butter. Can you blame ’em? source
 

12 Jun 2009 15:30

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Biz, U.S.: Hudson crash survivors had insurance from … AIG. Oh God.

  • I wish I had a hammer to get them to do the right thing. They’re riding a wave of feel-good opinion about how well the flight crew handled the bird strike.
  • Andrew J. Maloney • A partner the Kreindler & Kreindler law firm, on AIG’s bailing out of insurance claims for victims of US Airways Flight 1549, which Capt. Sully saved by landing in the Hudson River in New York, sure, but which meant some very tangible losses of stuff for passengers, along with injuries. And knowing that the public opinion is that everyone got off the plane unscathed, they’re taking advantage of this to not pay for damages. Jerks. • source

12 Jun 2009 11:38

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Biz: The dealers are on board for GM’s massive restructuring

  • 95+% of eligible dealers have signed on for GM’s upcoming reconfiguration as a new company source

12 Jun 2009 10:59

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Biz, U.S.: *POOF* A bunch of our wealth just disappeared recently

  • $1.3 trillion is completely gone from households in 1Q ’09 source