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02 Dec 2009 21:28

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Biz: Bank of America finally ready to give back its massive bailout

  • $45 billion to the feds to de-TARP-ify itself source

02 Dec 2009 21:19

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Biz: Verizon and AT&T quit their idiotic legal battles over ads

  • Verizon The tech giant sued AT&T for its “More Bars in More Places” claim – and because AT&T’s service completely sucks. Lawsuit settled.
  • AT&T The iPhone provider sued Verizon for map ads, which noted how anemic AT&T’s 3G coverage is. Lawsuit settled. source

02 Dec 2009 10:16

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Biz: Rupert Murdoch’s got a NYC edition of the Wall Street Journal cooking

  • $15 million to battle The New York Times head-on source

02 Dec 2009 09:24

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Biz: Less bleeding in November, but still lots of unemployment

  • 130,000 jobs will likely have been lost in November – the lowest level seen since July 2008
  • 10.3% the current level of unemployment – a slight jump, but still the highest level this generation source

01 Dec 2009 22:23

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Biz: Dear Google: Don’t bend to newspaper publishers so easily. It’s not cool.

  • First Click Free = Massive Fail. OK, we get it guys. Rupert Murdoch complains really loudly and he’s starting to scare you into believing other publishers might be next. But why are you putting your tail between your legs and creating technology designed to limit how much people can read without registration or subscription? Rupert Murdoch’s complaining doesn’t scare us. “First Click Free,” however, totally does. The very idea goes against everything your company stands for. Retreat, Google, retreat. source

01 Dec 2009 20:17

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Biz: We’d like to announce our candidacy for GM’s open CEO position

  • Dear rich people, we think we’d be a perfect fit for you. General Motors has had an incredibly rough last twelve months or so (though they’re recovering). Between a bankruptcy and a watchdog federal government, they’ve had zero room for error. And now their nine-month-old CEO, Frederick “Fritz” Henderson, is retiring. We smell a job opening! Here are three reasons GM should hire us as CEO:
  • Fresh bloodWe’re not the old guard, General Motors. We don’t do (#&@ the old way. In fact, we have no clue what the old way was! When we step into Fritz Henderson’s dusty old office (after having an exterminator go in and check for termites and bailout money), we plan on running the company as if we don’t know what we’re doing. But we do!
  • cars with brevity Here at ShortFormBlog, we know a thing or two about keeping things short and efficient. And we know that the government is on your back about creating more efficient cars. We plan on bringing our blogging technology to General Motors, and we’re going to upgrade the engines from internal combustion to WordPress. Thank us later, guys.
  • Family reunionWe know some of your old workers aren’t happy with you – all those layoffs, the concessions you forced the United Auto Workers to take, the outsourcing – and we plan to make it up to them, using the only method we know how – we’ll move them out of Michigan and put them in a state that isn’t a black hole of depression. Sound fair? source

01 Dec 2009 09:16

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Biz: Some black job-seekers have to hide their race on their resume

  • If they’re going to X me, I’d like to at least get in the door first.
  • Job-seeker Johnny R. Williams • Describing the trouble he’s had landing a job interview – something he thinks is happening because he’s black, not because his resume sucks. As a result, he’s made an effort to scrub his resume of anything that identifies him as a black man – that membership to the African-American business students association? Deleted. Black male college graduates face an unemployment rate nearly twice as high as white grads of a similar education level, and many experts think black-sounding names may be a turn-off for potential employers. source
 

30 Nov 2009 20:40

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Biz: An electric company and a water company make a deal on a media giant

  • GE and Vivendi agree on terms that’ll allow a Comcast deal to go forward. How much is Vivendi’s 20% stake in NBC Universal? $5.8 billion. At least that’s the number the water company agreed on with General Electric. GE, which owns 80% of the company, is in the midst of building a 50/50 joint venture with media giant wannabe Comcast. The deal clears the way for that to happen. source

29 Nov 2009 01:11

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Biz: Black Friday sales mostly flat, but with silver lining online

  • +0.5% increase in sales this Black Friday, compared to last year
  • +35% increase in Black Friday Web purchases from last year source

27 Nov 2009 17:58

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