Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

27 May 2009 22:47

tags

Biz: Who will own the new Chrysler when it’s ready to go?

  • Chrysler will be largely employee-owned, with a retiree-owned trust getting 55% of the new company. source
  • The company whose initials stand for “fix it again, Tony” will own 20%, and could have 35% over time. source
  • Finally, taxpayers from the U.S. and Canada will be happy to know that they own a minority stake in Chrysler. source
Posted by Ernie Smith • 0 Comments • Permalink

27 May 2009 22:18

tags

Biz: If you work for GM and got paid early, that was no accident

  • Let’s pretend everything’s OK, guys! General Motors is trying to calm rattling nerves of workers by assuring them they’ll still get paid in a bankruptcy. So they decided to pay their employees early this week. “This was purely psychological,” said GM spokesman Tom Wilkinson. “Everybody is just very anxious.” We’re sure this will make up for the forthcoming factory shutdowns. source
Posted by Ernie Smith • 6 Comments • Permalink

27 May 2009 11:08

tags

Biz: Foreclosures make it easier for people to buy homes, just an FYI

  • 2.9% increase in existing home sales in April; sounds good source
Posted by Ernie Smith • 0 Comments • Permalink

27 May 2009 11:02

tags

Biz, U.S.: The near-bankrupt General Motors is generally screwed

  • They failed to convince bondholders to convert their claims to stock. General Motors is a huge company and it’s the kind of company that should just not fail, ever, but unfortunately they may be past the point of no return. The corporation needed to convince 90% of bondholders that their valuable GM bonds could convert to valuable GM stock. Now, running low on options, they will probably run into the June 1 deadline head-first, like a car crashing into a building on purpose. Don’t you love this country? source
Posted by Ernie Smith • 0 Comments • Permalink

27 May 2009 10:42

tags

Biz, U.S.: Bank of America somehow raised a lot of money really fast

  • $33 billion Amount the U.S. government told Bank of America to raise after recent stress tests gave them failing marks source
Posted by Ernie Smith • 1 Comment • Permalink

26 May 2009 20:07

tags

Biz, Tech: If Facebook employees want to cash in, now’s the time

  • $100 million will be offered for stock cash-ins source
Posted by Ernie Smith • 0 Comments • Permalink

26 May 2009 20:02

tags

Biz, Tech: Facebook is still getting huge influxes of $$$$$

  • $200 million The amount Facebook got from foreign investor Digital Sky Technologies. source
Posted by Ernie Smith • 0 Comments • Permalink
 

26 May 2009 10:55

tags

Biz, U.S.: Consumer confidence way up. No, actually WAAAYYYYYY up.

  • 54.9% in May; it was just 40% in April. Whoa. source
Posted by Ernie Smith • 0 Comments • Permalink

25 May 2009 18:42

tags

Biz, Offbeat: We appreciate this entrepreneur’s sentiment if not his product

  • I don’t think people realize how much you have to go through. They think, ‘I have a great idea and I’m going to make a lot of money off it.’ If you have a great idea, that’s only 5 percent of it.
  • Entrepreneur Robert Stribling • Who’s talking about a new style of juice straws that doesn’t leak all over you if you put it in too fast. He’s spent millions of dollars in research and development but has no takers for his snake oil. • source
Posted by Ernie Smith • 0 Comments • Permalink

24 May 2009 11:43

tags

Biz, U.S.: Another sign of economic decline: Cattle-rustlin’ is on the rise

  • 6,404 cows were rustled in Texas recently source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>