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30 Jul 2009 21:30

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Biz, Tech: Steve Ballmer: Investors are missing the MS/Yahoo deal’s benefits

  • Yahoo gets 88% of the search revenue they have today. They have 0% cost of goods sold against 88% revenue and they have no [research and development] expense and no ongoing [capital expenditure].
  • Microsoft CEO Steve Ballmer • Explaining the benefit Yahoo gets for agreeing to letting Microsoft’s Bing power their searches. Some were disappointed that Yahoo didn’t get an upfront payment as part of the agreement, causing Yahoo’s stock to tumble while the rest of the market is doing relatively well. Ballmer explains that the benefit for Yahoo will be down the line when they don’t have to invest in search development. • source
Posted by Ernie Smith • 0 Comments • Permalink

29 Jul 2009 21:02

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U.S.: Wheelin’ + Dealin’: Concessions made to push through health care

  • one If your business makes less than $500,000, you don’t have to provide insurance for workers. Before, the barrier was $250,000.
  • two If you’re poor and paying premiums, you can now get subsidies after paying 12% of your income for premiums. Before, it was just 11%.
  • three Medical providers (like doctors) will work with the Secretary of Health and Human Services on rates, instead of rates being tied to Medicare.
  • four The public health plan won’t be the only option states can offer – a co-op medical plan is in the works. Details are currently being hashed out.
  • five Medicaid isn’t completely on the federal government’s back anymore – in the updated deal, states will help pay for it, too. source
Posted by Ernie Smith • 0 Comments • Permalink

31 May 2009 10:28

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Biz, U.S.: Most of GM’s bondholders agree to a pre-bankruptcy deal

  • 50+% of bondholders agreed to a debt-for-equity exchange
  • 25% amount of the new company the bondholders will own source
Posted by Ernie Smith • 0 Comments • Permalink

28 May 2009 10:06

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Biz, U.S.: GM may not be completely screwed after 9th-inning agreement

  • Bondholders have accepted an amended agreement. After looking completely screwed yesterday due to a failed bond agreement, GM proved, like a phoenix rising out of the ashes, that it still had some fight in them. The company, teetering on bankruptcy, convinced bondholders to agree to a revised plan in which they’d receive a 10 percent equity stake. It may not be enough to save them, but you have to give them high-fives for the effort. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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