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

20 May 2010 12:05

tags

Biz, U.S.: BP’s at least managing to grab a good chunk of the oil spill

  • 5,000 number of barrels they’re
    grabbing each day
  • a lot the amount that’s still getting
    into the ocean source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2010 10:34

tags

Biz: Jobless claims went up this weekend; stocks freak out

  • +25,000 the jump in new initial jobless claims, the first jump in over a month
  • -3% the size of the average drops for the three major stock indexes source
Posted by Ernie Smith • 0 Comments • Permalink

18 May 2010 21:09

tags

Biz: The SEC wants to prevent another “flash crash”; here’s how

  • 10% the amount a stock can go down in a five-minute period before a circuit breaker goes off and pauses a stock
  • five the number of minutes that stock is halted; the “flash crash” was caused by inconsistent standards source
Posted by Ernie Smith • 0 Comments • Permalink

18 May 2010 10:59

tags

Biz: Wal-Mart has insane quarterly revenues, just an FYI

  • $99.1
    billion     the amount the super-retailer
    sold in revenues this quarter alone,
    a new record
  • $3.3
    billion     the size of the company’s
    quarterly net profits (also a record); shares are up 2 percent source
Posted by Ernie Smith • 0 Comments • Permalink

18 May 2010 10:39

tags

Biz: Bounceback: New homes getting built at decent clip, but will it last?

  • 5.8% the month-to-month increase; housing starts are at their highest level since late 2008
  • 40.9% the year-over-year increase; that’s the highest increase since March 1994
  • -11.5% the decrease in new building permits, which suggests housing starts will go down source
Posted by Ernie Smith • 0 Comments • Permalink

17 May 2010 10:36

tags

Biz: Don’t expect credit companies to give up the war on card fees

  • They plan to keep fighting for them. The interchange fees, which merchants often complain about as being too high for certain transactions, could put a big crimp in Visa and MasterCard’s bottom line if regulated as part of a broader financial reform package. “We lost this battle. It’s a big battle,” said MasterCard’s President for U.S. Markets Chris McWilton. “But the war wages on and we’ll be working really hard over the next week or so to stop this.” If you own a small business, watch this battle. source
Posted by Ernie Smith • 0 Comments • Permalink

17 May 2010 09:38

tags

Biz: GM’s financial outlook: What a difference a bailout makes

  • 40% increase in quarterly sales
    for the automaker
  • $865
    million     the company’s profits this quarter, their first since 2007
  • $6
    billion     the company’s losses in the same quarter a year ago source
Posted by Ernie Smith • 0 Comments • Permalink
 

16 May 2010 11:47

tags

Biz, Tech: Freestyle: Coke wants you to mix up your soft drinks

  • These machines, with their minimalist design and touchscreen interfaces, can create as many as 104 different flavors of soda. But despite this, they’re actually way better designed than old machines. As anyone who’s ever worked in a fast food restaurant can tell you, traditional fountain soda requires a massive infrastructure of plumbing using boxes of syrup and heavy tanks of carbon. These machines replace those massive boxes of syrup with heavily concentrated inkjet cartridges, a way more eco-friendly solution. They’re going mainstream soon. Whoo. source
Posted by Ernie Smith • 0 Comments • Permalink

15 May 2010 20:25

tags

Biz, U.S.: The Senate’s financial reform bill trying to limit nickel-and-diming

  • 50¢ limits to ATM fees could be coming, too, guys source
Posted by Ernie Smith • 0 Comments • Permalink

14 May 2010 15:00

tags

Biz: So yeah, the plant where Children’s Tylenol was made is a disaster

  • This inspection report is pretty close to being the worst I’ve seen. It suggests that basically the FDA found an issue with almost every system at the plant.
  • Temple University professor (and former Johnson & Johnson employee) David Lebo • Regarding the conditions of a Pennsylvania Tylenol plant that was shut down recently by the Food and Drug Administration. The shutdown followed a mass recall of many children’s drug products by the manufacturer. Nearly three dozen complaints were filed regarding the drugs, which including foreign materials. The FDA’s report suggests that there was lacking quality control that made some of the drugs superpotent (as scary as it sounds). We’re guessing that this PR crisis won’t be fixed as easily as that other one. source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>