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22 Apr 2010 22:06

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Biz: Why are all the good businesses leaving Denver, anyway?

  • planes Denver-based Frontier Airlines got bought by Indianapolis-based Republic Airways, so it moved away.
  • booze Coors, that bastion of crap beer, merged with Miller, and the new combined company moved to Chicago.
  • phones The latest move? Denver based phone company Qwest got bought by CenturyTel. It’s moving to Louisiana. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2010 11:22

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Biz: Lehman Brothers hearing: Who is this bad@$$ at the podium?

  • William Black here just got his teeth out and threw some knowledge out on the SEC, Lehman Brothers, and the financial system in general. He calls the problems that caused Lehman’s decline a “self-fulfilling policy of regulatory failure.” Why isn’t this guy like, running an agency? This is seriously a star turn here. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2010 11:00

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Biz: Why is there a push to cut back on salt in foods, anyway?

  • 2,300 the number of milligrams of salt dietary guidelines recommend
    you eat daily
  • 3,200 the number of milligrams of salt people actually eat daily; see the problem here? source
  • ยป Putting it in manufacturers’ hands: The Institute of Medicine released a report about this on Tuesday, which the FDA may use to set limits for how much salt can be in certain foods. The food industry is complaining about this: “It is a very complicated, technical challenge for our food scientists to execute this,” said General Mills vice president Susan Crockett. “What you want to do is reduce the sodium so the taste is good enough and the consumer doesn’t add salt with the shaker.”
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2010 10:16

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Biz: Chrysler: Big losses, bright spots since exiting bankruptcy

  • $4
    billion     the amount Chrysler has lost
    since exiting bankruptcy; they’ve turned a corner though
  • $143
    million     the company’s operating profit
    this quarter, due to all the cuts
    they’ve made source
Posted by Ernie Smith • 0 Comments • Permalink

20 Apr 2010 10:17

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Biz: SEC, Smesh-EC: Goldman Sachs kills it in quarterly profits

  • $3.46
    billion     size of Goldman Sachs’ profits this quarter, which is kind of a lot
  • 91%
    boost     the amount the company’s earnings went up from a year ago source
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2010 23:17

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Biz: The SEC wasn’t fully in favor of the Goldman Sachs lawsuit

  • 3-2 the vote which sealed the
    landmark suit’s fate source
Posted by Ernie Smith • 0 Comments • Permalink

19 Apr 2010 21:27

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Biz: Our latest AOL News article takes on the Egg McMuffin

  • Last week, McDonald’s told the Humane Society to shove it. They wanted the fast food titan to make a modest change to the living standards of egg-laying hens. But the company’s board said no. Why? Our latest AOL News article examines the issues behind a major animal rights fight. (Image courtesy Farm Sanctuary) source
Posted by Ernie Smith • 8 Comments • Permalink
 

19 Apr 2010 10:09

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Biz: Financial crisis-gobsmacked Citi actually has a solid quarter

  • $4.4
    billion     the size of Citi’s profit this quarter, their best period since 2007
  • $100
    billion     the amount the company has lost during the financial crisis
  • 7.7
    billion     the number of shares the government owns due to bailouts source
Posted by Ernie Smith • 0 Comments • Permalink

18 Apr 2010 21:15

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Biz: Charles Schumer twist airlines’ arms on carry-on bag charges

  • 5 major air carriers won’t follow
    Spirit Airlines’ ill-advised lead source
Posted by Ernie Smith • 2 Comments • Permalink

18 Apr 2010 11:17

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Biz: Banks still full of failure nearly five months into 2010

  • eight banks were seized on Friday, bringing the total up to 51 this year
  • 9% of all U.S. banks are listed by the FDIC as “troubled banks” source
Posted by Ernie Smith • 0 Comments • Permalink
 
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