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07 May 2009 08:32

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Biz, U.S.: GM lost a cartoon-eye-poppin’ amount of money in Q1

  • $6 billion in losses for the broken dreams manufacturer source
Posted by Ernie Smith • 0 Comments • Permalink

30 Apr 2009 20:36

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Biz, U.S.: How much power did renegade hedge funds hold over Chrysler?

Posted by Ernie Smith • 0 Comments • Permalink

30 Apr 2009 20:24

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Biz, U.S.: Obama holds no love for Chrysler-bankrupting hedge funds

  • A group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout.
  • Barack Obama • In comments about today’s epic Chrysler chapter 11 bankruptcy filing. Further sticking the knife into the hedge funds and investors, who dispute Obama’s claims, “They were hoping that everybody else would make sacrifices and they would have to make none.” • source
Posted by Ernie Smith • 0 Comments • Permalink

27 Apr 2009 09:11

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Biz: A lot of people will lose their jobs at GM very soon

  • 23,000 jobs will go away by 2011. Yikes. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2009 09:00

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Biz, U.S.: Mall owner General Growth goes through general collapse

  • $27 billion in debt – a record real estate bankruptcy. o_O source
Posted by Ernie Smith • 0 Comments • Permalink

01 Apr 2009 10:37

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Biz: Have a Circuit City credit card? Best Buy is taking pity on you.

  • From one big-box store to another. As you might remember, Circuit City collapsed pretty spectacularly earlier this year – perhaps the biggest non-financial entity to fall apart due to the credit crisis. But they did have their hands in the financial cookie jar a little bit with store credit cards. Rather than let the cards just die, Best Buy will accept them starting in May. Not good, not bad, just ambivalent. source
Posted by Ernie Smith • 0 Comments • Permalink

28 Mar 2009 13:42

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Biz: Charter has a crapload of debt, guys. They filed for bankruptcy.

  • $21.7 billion amount of debt the cable company, part-owned by Paul Allen, had on the books as of late 2008 source
Posted by Ernie Smith • 0 Comments • Permalink
 

04 Mar 2009 10:08

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Biz: Video retailer Blockbuster should rent out its massive debt

  • $900 million in accounts payable to studios, vendors and other suppliers source
Posted by Ernie Smith • 0 Comments • Permalink

22 Feb 2009 23:02

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Biz, U.S.: Philadelphia Inquirer owner files for bankruptcy. Oof.

  • $390 million in debt, which they’re “restructuring” source
Posted by Ernie Smith • 0 Comments • Permalink

17 Feb 2009 10:35

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Biz: Donald Trump’s company is doing so bad, he fired himself.

Trump Entertainment filed for bankruptcy today. Plus, he resigned from the board. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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