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06 May 2010 20:29

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Biz: A traders’ whodunit; which idiot #(&@(* up the stock market?

  • what In a five-minute period,
    the Dow Jones Industrial
    went down by nearly a
    thousand points.
  • why It’s been suggested that
    a trader hit the wrong
    button and sold WAAAY
    too many stocks.
  • who Good question; some are
    pointing the finger at
    Citigroup, but whoever it
    was is fired. source
Posted by Ernie Smith • 0 Comments • Permalink

06 May 2010 20:22

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Biz: While we were out: The stock market has a huge buttcrack, guys

What the heck happened, stock market’s butt? Falling nearly a thousand points in a five-minute period is just sad. And we KNOW you’re gonna blame it on Greece, too. source
Posted by Ernie Smith • 0 Comments • Permalink

06 May 2010 10:41

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Biz: Fewer people making jobless claims; workers starting to get lazy

  • 7,000 fewer initial jobless claims
    than last week (it’s still fairly high,
    at 444,000, though)
  • 3.6% increase in worker productivity
    this quarter the smallest increase
    in a while source
Posted by Ernie Smith • 0 Comments • Permalink

05 May 2010 11:53

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Biz: The Washington Post could sell Newsweek. We blame this cover.

  • It’s a rough time to be a weekly periodical. And with losses spanning over years, The Washington Post may be ready to let go of its main competitor to Time. Alas, poor Newsweek. You were like a younger brother to Time. We remember how we felt the first time we heard “Me and Julio Down By the Schoolyard” and heard your name mentioned in it. It made us proud. It wasn’t as cool as “On the Cover of the Rolling Stone,” but Paul Simon knew the score. source
Posted by Ernie Smith • 0 Comments • Permalink

05 May 2010 11:03

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Biz: CNN and CBS News: Two great tastes that taste great together?

  • CNN The news network has been getting
    killed in the ratings, but still has one
    of the best news-gathering crews in
    the industry (when not distracted by
    fluff). And hey, Anderson Cooper!
  • CBS News The network had to cut back on
    their news staff, but sees CNN as a
    way to stay competitive. They’re
    also getting killed in the ratings – oh
    hey, Anderson Cooper! source
Posted by Ernie Smith • 0 Comments • Permalink

05 May 2010 09:48

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Biz: FINALLY. Private companies are starting to hire people again

  • 32,000 new private sector jobs in April source
Posted by Ernie Smith • 0 Comments • Permalink

04 May 2010 22:52

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Biz: The Dow lost a big chunk of its recent winning streak today

  • 15% amount the Dow gained over an eight-week period until last week
  • 2% amount the Dow lost over an eight-hour period earlier today source
  • » Why the slide? Investors are looking at Greece’s massive debt problems and seeing the possibility that this could happen in the U.S. and other countries. Dudes are getting nervous.
Posted by Ernie Smith • 0 Comments • Permalink
 

04 May 2010 10:59

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Biz, U.S.: Craigslist profits from sex ads, attorney generals notice

  • first States complain because
    Craigslist allows anyone
    to post sexually-oriented
    ads which can be used
    for illegal prostitution.
  • second In an effort to appease
    the states, Craigslist
    charges for the section
    for purposes of creating
    a paper trail.
  • third A group of 39 states,
    noticing the profits made
    from the for-pay section,
    subpoena Craigslist over
    the ads. source
Posted by Ernie Smith • 0 Comments • Permalink

03 May 2010 19:02

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Biz: United/Continental merger: Why it sucks to be American Airlines

  • winners United and Continental could become an airline that reaches nearly every major city in the world – necessary to stand out from low-cost domestic carriers.
  • loser American Airlines, their main
    global competitor, has notable
    holes in their direct coverage, especially to fast-growing Asian countries like China. source
Posted by Ernie Smith • 2 Comments • Permalink

03 May 2010 17:56

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Biz: How big is the combined United/Continental Airlines, anyway?

  • $29 billion in revenue per year
    for the combined airline
  • 370 number of destinations the combined airline will cover; it’ll have 10 hubs
  • 90,000 number of employees the airline will have after the merger source
Posted by Ernie Smith • 0 Comments • Permalink
 
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