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21 Feb 2010 10:27

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Biz: Is The New York Times giving Carlos Slim preferential treatment?

  • Under any other circumstances, the business section of the Times would be expected to cover it, as the Journal and Bloomberg have. Yet as of Saturday midday, I cannot find a single mention of any aspect of this case, anywhere in the physical New York Times, or on its Web site – not even a blog post or a wire story.
  • The Big Money blogger James Ledbetter • Regarding a huge uncovered scandal involving billionaire Carlos Slim, who has a huge stake in The New York Times. J.P. Morgan is accused of trying to push Grupo Televisa’s business secrets to a bank owned by Slim, who owns a major rival. Other major sources have covered it, but there’s literally nothing on the NYT site about the scandal. This is bad precedent. source

21 Feb 2010 01:43

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Biz: The AP’s using Twitter to link to stories on Facebook. WTF?

  • What they’re doing The AP has been linking to all of their stories on Twitter through their Facebook page, which is something Sarah Palin would do. But the world’s largest news organization?
  • Why it’s smart Because it allows people to easily comment socially on the stories Facebook posts. It centralizes an often-decentralized presence in online media.
  • Why it’s stupid Dudes, you realize that you can easily do something similar on your own site using Facebook Connect and Disqus, right? Then you get to keep all the ad money! source

20 Feb 2010 11:19

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Biz: A leading inflation indicator dipped for the first time in ages

  • -0.1% decrease in the core consumer price index, a leading indicator of inflation
  • 1982 the last time that the price index decreased at all source

18 Feb 2010 21:02

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Biz: The feds raise the interest rate, but claim it’s not a big thang

  • .5% the interest rate between December 2008 and today
  • .75% the interest rate as of today; not much else changes source

18 Feb 2010 11:02

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Biz: Jobless claims, prices increase, make investors super-depressed

  • 31,000 new jobless claims this week, which was way higher than expected
  • 1.4% increase in farm and factory prices, caused by higher energy costs source

17 Feb 2010 10:40

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Biz, World: In case you were wondering, a ton of coal costs $2,000 dollars

  • $60
    billion
    size of the deal Australia has to supply lots of dirty, environmentally unfriendly coal to China for the next two decades
  • 30
    million
    number of tons of coal that deal will buy China; environmentalists are up in arms, saying the deal doesn’t square with Copenhagen source

17 Feb 2010 10:02

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Biz: Walgreen’s just bought out NYC’s big drugstore: Duane Reade

  • $1B amount Walgreen’s paid to dig its fingers into the NYC market
  • 257 number of Duane Reade stores in NYC; it’s the city’s largest chain
  • 70 number of Walgreen stores in NYC; they own 7,100 nationwide
  • » Brand identity: If you’ve ever been in a Duane Reade, you’d probably know it’s a bit different from your average Walgreen’s. Which is why Walgreen’s says they’re not changing the name or the style of the chain right away, and will figure out how to merge the chains later. Smart move. If anything, they should bring elements of Duane Reade to Walgreen’s.
 

17 Feb 2010 00:06

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Biz: Quick: What grocery store is this produce section in?

Hint: It’s a brand name grocer whose name quickly rolls off the tongue. No, not that one. OK, time’s up! Click the link and find out! source

16 Feb 2010 10:21

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Biz: General Growth’s name-defying bankruptcy nightmare almost over

  • $10 billion offer for the mall owner from Simon Property source

15 Feb 2010 22:26

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Biz: Complaints due to faulty Toyotas crashing are on the rise

  • 34 fatalities reportedly caused by Toyota accelerator issues source