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23 Jul 2010 14:29

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Biz: Kenneth Feinberg: Wall Street gave out a lot of ill-timed bonuses

  • 17 number of firms that made “ill-advised” executive payments during a bailout period
  • $1.6B the amount these firms reportedly paid in the late 2008 and early 2009 periods
  • no pay czar Kenneth Feinberg won’t ask for it back; it’ll open up a can of worms source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2010 13:53

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Biz: Ford makes it five straight quarters of actual profit

  • $2.6 billion in profits this quarter; who needs a bailout? source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2010 13:48

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Biz: European banks put to the test, couldn’t handle the stress

  • seven banks number of EU financial institutions that failed a stress test
  • $4.5 billion the size of the shortfall the banks collectively faced source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jul 2010 11:11

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Biz: Conrad Black – remember that guy? – freed from prison today

  • $2 million bail, made possible by the Enron SCOTUS case source
Posted by Ernie Smith • 0 Comments • Permalink

20 Jul 2010 11:02

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Biz: Crappy housing numbers remain pretty crappy, guys

  • 5% decline in housing starts in June, an 8-month low source
  • » Silver lining: On the plus side, there was a very modest 2.1 percent increase in new permits, an early indicator of how the housing market is going. After the rough month or two the housing market has faced, at least that’s something.
Posted by Ernie Smith • 0 Comments • Permalink

20 Jul 2010 10:53

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Biz: Goldman Sachs’ post-SEC profits fall precipitously, laughably

  • 86% decline in Goldman Sachs’ profits during the second quarter of 2010 – in other words, from a huge number to a very large one
  • $613M the size of their profits in the first quarter after paying a massive SEC fine and getting nicked by British taxes source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jul 2010 11:16

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Biz: Despised company does well: Haliburton makes huge profit jump

  • $480M the company’s net income in the current quarter
  • 83% the increase in net income from the previous quarter
  • 3.6% the amount the company’s stock leaped today source
Posted by Ernie Smith • 0 Comments • Permalink
 

19 Jul 2010 11:11

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Biz: Nokia Siemens buys part of Motorola that makes the magic happen

  • $1.2 billion for Motorola’s mobile gear division source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jul 2010 22:34

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Biz: Who cares if it works? FDA won’t recommend weight-loss drug

  • yes Qnexa, a weight-loss drug developed by Vivus, helped obese people lose weight – lots of it.
  • but The drug, however, had side effects, and it was unclear if it led to heart attacks or strokes.
  • no A FDA advisory panel chose not to endorse the obesity drug. Vivus loses again! source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jul 2010 22:25

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Biz: Goldman Sachs’ SEC settlement a drop in the investing bucket

  • $550
    million     the size of the settlement the company had to pay to the SEC
  • $13
    billion     the size of the company’s massive annual profits last year source
Posted by Ernie Smith • 0 Comments • Permalink
 
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