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01 Sep 2010 10:44

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Biz: Burger King to potential owners: Have it your way

  • The fast-food chain of late has been struggling. Why’s that, you ask? Well, its base market of young males has been one of the hardest-hit during the recession, meaning (despite its often immaculate advertising) it’s been underperforming compared to McDonald’s and other fast-food chains. So the company, which has been publicly-traded for just a few years, is considering a sale. They’ve already talked with some buyers. No word on how much they’ll customize the not-broken model after they sell. source
Posted by Ernie Smith • 0 Comments • Permalink

31 Aug 2010 14:07

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Biz: Our cars are squeaking by when it comes to Fuel Efficiency 101

  • 59 mpgThe fuel efficiency required for a vehicle to receive an A+ rating under the EPA’s new vehicle-grading proposal.
  • B-The average grade that a car currently on the highway would receive; most SUVs would get a C+ or lower. source
Posted by Seth Millstein • 0 Comments • Permalink

30 Aug 2010 10:04

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Biz: Consumer spending up, personal incomes less so, savings down

  • 0.4% the increase in consumer spending last month
  • 0.2% the increase in personal incomes last month
  • 0.3% the decrease in savings rate last month source
Posted by Ernie Smith • 0 Comments • Permalink

30 Aug 2010 09:10

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Biz: BP partly pins oil spill blame on engineers who can’t read

  • Apparently, they misread an April 20 report on the well. Remember this thing and how it used to be in the news every day? Yeah. Anyway, Bloomberg’s reporting that, according to a BP internal investigation, managers on the rig misread a report saying that pressure levels were very high, leading to the Deepwater Horizon’s destruction. Attorneys for BP have also worked on sullying the names of Transocean and Haliburton, which thus far haven’t stuck. source
Posted by Ernie Smith • 0 Comments • Permalink

28 Aug 2010 18:00

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Biz: Web reinvention at USA Today means lots of layoffs

  • 9% of the paper’s jobs (out of 1,500) will go away source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2010 11:48

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Biz: Bernanke plans to save the economy with immaculate beard

  • The Committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly.
  • Federal Reserve Chair Ben Bernanke • On his plans to prop the economy up if it makes a double-dip, which is looking more and more likely by the day. Bernanke is currently at the Kansas City Fed’s annual monetary symposium in Jackson Hole, Wyoming, and made the speech to a ton of central bankers. But think of it this way. He was making it to more than just then. He was also trying to reassure people who still get him mixed up with Paul Krugman, or on a really bad day, Thomas Friedman. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2010 11:38

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Biz: The numbers on the economy match the public sentiment

  • 83% of people agree that the economy freaking sucks source
Posted by Ernie Smith • 0 Comments • Permalink
 

27 Aug 2010 11:31

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Biz: Depressing numbers: Economic growth slows to a freaking crawl

  • 5% the size of economic growth (at an annual rate) in the last three months of 2009
  • 3.7% the growth in the economy (at an annual rate) in 2010’s first quarter
  • 1.6% the growth in the most recent quarter, which is a huge sign of economic slowdown source
Posted by Ernie Smith • 0 Comments • Permalink

26 Aug 2010 20:13

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Biz: American Airlines could pay huge fine for sucking at fixing wires

  • $24.2 million the size of the fine American Airlines faces for safety violations that led to the grounding of planes in 2008
  • 14,278 flights the number of flights 286 Boeing MD-80s made in violation of a 2006 directive regarding faulty wiring source
  • » Will American Airlines pay the full fine? Probably not. See, a similar fine involving Southwest Airlines was cut from $10.2 million to $7.5 million after the airline and the FAA butted heads. That was the biggest fine in airline history until this one.
Posted by Ernie Smith • 0 Comments • Permalink

26 Aug 2010 10:18

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Biz: New jobless claims not as awful as last week, still pretty awful

  • -31,000 the decrease in new jobless claims this week, which is minor, but positive, economic news
  • +3,250 the increase in jobless claims over a four-week period, which means we’re at a nine-month high source
  • » Protip on jobless claims numbers: They’re volatile and change from week to week, meaning the number that really matters is the more stable monthly figure.
Posted by Ernie Smith • 0 Comments • Permalink
 
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