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22 Jan 2009 13:18

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Biz, Tech: Apple faces SEC dramarama over that Steve Jobs illness thing

  • What did Apple know beforehand? Investors are understandably wondering about what the company knew about Steve Jobs’ health before he took a leave of absence last week. So now the feds are looking into it, just to see if they did anything sketchy about announcing it. Jobs is a cancer survivor and is dealing with a hormonal imbalance that has made him lose a significant amount of weight. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2009 11:10

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Biz: How long was GM on top of the auto sales heap?

  • 77 years. That’s a really long time. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2009 11:06

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Biz: GM “cautiously optimistic” even after losing sales crown

  • We feel we’ve weathered one hell of a storm, and we’re cautiously optimistic as we move into ’09 that we can stabilize and grow again.
  • Mike DiGiovanni • General Motors sales analyst, on sales prospects for 2009. GM recently lost the title of top automaker to Toyota, although, considering the economy and bailout-tinged circumstances, neither are all that excited about that. • source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jan 2009 10:11

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Biz: Are you a billionaire? Invest in the New York Times!

  • $250 million loaned to the N.Y. Times by Carlos Slim source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jan 2009 08:21

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Biz: Chrysler gets an infusion of foreign blood

  • 35% Fiat’s newly agreed-upon stake in Chrysler source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jan 2009 15:29

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Biz: Fix it again, Chrysler: Fiat could be their new suitor

  • Fiat to buy stake in Chrysler? Chrysler’s under the gun after getting $4 billion from the auto industry bailout, so it’s looking for some outside help. It needs to come up with a plan to stay alive to show to the U.S. government by March 31. Enter Fiat, the Italian car manufacturer with a long history of foreign interests. source
  • Fiat to buy stake in Chrysler? Chrysler’s under the gun after getting $4 billion from the auto industry bailout, so it’s looking for some outside help. It needs to come up with a plan to stay alive to show to the U.S. government by March 31. Enter Fiat, the Italian car manufacturer with a long history of foreign interests.
  • Scratching each other’s backs Fiat at the very least would offer some help to Chrysler. Both would benefit from the deal. Chrysler gets access to Fiat’s experience in building efficient small-to-medium-size cars; Fiat gets a foothold in the American market to introduce some of its vehicles to the States. Win-win, right? source
Posted by Ernie Smith • 2 Comments • Permalink

19 Jan 2009 10:26

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Biz, Tech: A pain-in-the-butt virus annoys businesses worldwide

  • 8.9 million business PCs are victims of a tough new virus source
Posted by Ernie Smith • 0 Comments • Permalink
 

16 Jan 2009 12:44

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Biz: Could anything be salvaged from Circuit City’s closing?

  • A minor glimmer of hope. Despite the forthcoming closing of the No. 2 electronics retailer in the country, an investor could still come to save the business. Otherwise, they’ll start liquidating, with an end date of March 31. Their Canadian business will remain open. source
  • A minor glimmer of hope. Despite the forthcoming closing of the No. 2 electronics retailer in the country, an investor could still come to save the business. Otherwise, they’ll start liquidating, with an end date of March 31. Their Canadian business will remain open.
  • An online business? Circuit City does about $1 billion in online-only sales, and there’s still a chance they could come back as an online retailer. “This would eliminate overhead costs, vendor conflicts and other issues,” said Love Goel, CEO of Growth Ventures Group, an investment banking firm. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jan 2009 12:37

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Biz: Short-circuit: Circuit City to liquidate its assets

  • 567 stores will close; 34,000 employees will get laid off source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jan 2009 10:09

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Biz, Tech: The Nintendo Wii: More popular than you are

  • 10.2 million Nintendo Wiis were sold in 2008, a record. 2.15 million were sold in December alone. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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