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07 Apr 2010 20:17

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Biz: United we merge: U.S. Airways and United Airlines wanna shack up

  • Because, hey, who needs consumer choice, anyway? The two airlines are in the kind of talks that saw Delta Air Lines and Northwest Airlines merge recently, a move which confused the pilots. They’ve almost merged a few times already, most recently in 2008. But with the warm feeling of precedent slicking the runway, the skies could clear. It might just happen this time. source
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 10:42

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Biz: GM lost a little pocket change in the second half of 2009

  • $4.3 billion in losses – and that was after bankruptcy source
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 10:17

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Biz: Alan Greenspan: The mortgage crisis not caused by the poor

  • The house price bubble, the most prominent global bubble in generations, was caused by lower interest rates but. … it was long-term mortgage rates that galvanized prices, not the overnight rates of central banks, as has become the seeming conventional wisdom.
  • Former Federal Reserve Chairman (and all-around smart guy) Alan Greenspan • Speaking in business-ese about something which we can put much more simply: Low interest rates that allowed low-income people to buy houses didn’t cause the housing crisis. Instead, the culprit was a couple levels up the food chain. Speak English, Alan. (Greenspan, by the way, is attempting to defend his legacy here.) source
Posted by Ernie Smith • 0 Comments • Permalink

06 Apr 2010 11:02

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Biz: Don’t fly on Spirit Airlines: They now charge for carry-on bags

  • $45 cost each way to store an item overhead if you don’t join some stupid little club
  • $30 cost each way to store that same item if you are smart and reserve a spot ahead of time
  • $20 cost each way if you join their club; join our “don’t fly Spirit Airlines” club instead source
Posted by Ernie Smith • 0 Comments • Permalink

06 Apr 2010 10:42

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Biz, U.S.: Awful mining disaster not good for Massey Energy’s stocks

  • 9.8% dip in price just this
    morning alone source
Posted by Ernie Smith • 0 Comments • Permalink

05 Apr 2010 23:03

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Biz: Suffer, or not: U.S. gives Toyota a fine so harsh, they won’t feel it

  • $16.4
    million     the size of Toyota’s fine due to the brake pad recalls they had; it’s the largest auto fine ever given
  • $2.3
    billion     the amount Pfizer had to pay for a similar regulatory fine due to faulty marketing practices source
Posted by Ernie Smith • 0 Comments • Permalink

03 Apr 2010 22:07

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Biz: Double Down: KFC’s plan to clog your arteries goes nationwide

See the appeal? It’s a sandwich … with fried chicken for buns! Who needs bread when you load them up with ever-more fat? (BTW, the headline on the linked story rules.) source
Posted by Ernie Smith • 0 Comments • Permalink
 

03 Apr 2010 10:19

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Biz: The intern subculture is growing – for purposes of free labor

  • 83% of graduating seniors held internships in 2008, up from 9 percent in 1992
  • 25% of those internships (or more) were reportedly unpaid; some states are cracking down source
Posted by Ernie Smith • 0 Comments • Permalink

03 Apr 2010 10:08

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Biz: Like big financial companies, Pfizer designated too big to fail

Pfizer marketed painkiller Bextra for use after surgeries, despite the FDA not approving it for that. But when push came to shove, the Feds didn’t go for the kill. source
Posted by Ernie Smith • 0 Comments • Permalink

02 Apr 2010 19:00

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Biz: Florida’s housing boom, brought to you by crappy Chinese drywall

  • 3,000+ complaints have been filed
    about poor quality, hydrogen
    sulfide-loaded drywall from China;
    the drywall corroded wires and
    made people sick
  • 80% of those complaints are from
    Florida (which once had a housing
    boom) and Louisiana (which rebuilt
    a lot of homes after Hurricane
    Katrina) source
Posted by Ernie Smith • 0 Comments • Permalink
 
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