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13 Aug 2010 10:58

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Biz: In our constant effort to depress you, more depressing numbers

  • 0.4% the increase in retail sales in July (a rebound from a few crappy months, but lower than expected)
  • 0.9% the increase in year-on-year consumer prices, a key inflation indicator (that’s really low) source
Posted by Ernie Smith • 0 Comments • Permalink

12 Aug 2010 10:27

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Biz: GM’s profits: Here’s your beacon of hope, depressed investors

  • $1.3 billion in profits this quarter, the best since 2004 source
Posted by Ernie Smith • 0 Comments • Permalink

11 Aug 2010 21:57

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Biz: Increased trade deficit + nervous investors = SELL! SELL! SELL!

  • 18.8% increase in the trade deficit, to $49.9 billion
  • 2.5% decrease in the Dow because of this news
  • 2.8% fall in the S&P 500 for the same reason
  • 3% dip in the Nasdaq today; sigh source
Posted by Ernie Smith • 0 Comments • Permalink

11 Aug 2010 10:57

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Biz: BP station owners caught between a rock and a hard place

  • rockDue to the oil spill, many individual station owners have seen business fall flat – some as many as 50 percent, but most around a more modest 5 percent after an early freefall in sales.
  • hard placeHowever, despite the stations mostly not being owned by BP, many owners have a contract with the company for 15-20 years that could lead to heavy fines if the contract’s broken early. source
Posted by Ernie Smith • 0 Comments • Permalink

09 Aug 2010 09:46

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Biz: BP updates its massive oil spill tab: It’s pretty darn massive

  • $6.1 billion spent on the Gulf Oil Spill so far; they’ve made over 100,000 payments as of August 7th
  • $319 million paid out in compensation to people negatively affected by the spill –around 145,000 claims source
Posted by Ernie Smith • 0 Comments • Permalink

08 Aug 2010 22:32

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Biz: The accuser in the Mark Hurd case, Jodie Fisher, has an IMDB page

  • I was surprised and saddened that Mark Hurd lost his job over this. That was never my intention.
  • Former HP contractor Jodie Fisher • Discussing the now-settled situation between her and ousted former HP CEO Mark Hurd. Despite earlier suggestions that they did the do, Fisher, who has starred in such films as “Easy Rider: The Ride Back” and “Blood Dolls,” hired Gloria Allred as her attorney, which instantly makes any claims of regret suspect. If it was seriously your intention, you wouldn’t have hired Ms. Allred. Just sayin’. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Aug 2010 11:08

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Biz: HP’s old CEO reaches a settlement with the woman he harassed

  • no Terms of the settlement were not disclosed with the press.
  • no HP won’t have to pay anything to the woman involved.
  • yes Ultra-trashy PR-hound lawyer Gloria Allred is her attorney. source
Posted by Ernie Smith • 0 Comments • Permalink
 

07 Aug 2010 14:02

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Biz: Thomas’ English Muffins: A bland-tasting source of corporate espionage

  • What the heck?The recipe behind this breakfast delicacy, which is way behind the bagel in our books, is tightly guarded and few know how to make the “nooks and crannies” that give it its texture. In fact, just seven people in the world know how.
    playing turncoat    One of the seven, Chris Botticella, recently left the owner of Thomas’ English Muffins, Bimbo Bakeries USA. He had been hired by Hostess, which had tried to figure out this formula for years to no avail. But Botticella didn’t leave right away and kept his Hostess hiring secret. A $500 million-a-year business laid in the balance, and he was legally barred from joining Hostess. In other news, English muffins suck. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Aug 2010 17:39

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Biz: HP CEO Mark Hurd’s fall from grace: Why we blame WebOS

  • harbinger Two months ago, HP CEO Mark Hurd said something idiotic – he suggested that Palm’s WebOS would be useless on phones and they’d use it for printers instead.
  • failure Today, Hurd resigned – the result of a sexual harassment probe regarding a contractor he had an improper relationship with. Coincidence? We think not. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Aug 2010 14:42

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Biz: Does BP has its sights on drilling around the Macondo well again?

  • YES they have to pay for those lawsuits somehow source
Posted by Ernie Smith • 0 Comments • Permalink
 
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