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17 Feb 2009 10:09

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Biz: Sirius XM gets a lifeline at the last second

  • $530 million was invested in the satellite radio service by Liberty Media source
Posted by Ernie Smith • 0 Comments • Permalink

15 Feb 2009 13:01

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Biz, U.S.: Automaker GM considers the nuclear option

  • General Motors could fold into a new company. The plan, which the Wall Street Journal reported about yesterday, would have the automaker file for Chapter 11 bankruptcy and reform as a new company. They’re under a lot of pressure to act right now – they got a massive bailout from the government and, along with Chrysler, have until Tuesday to show the government how they plan to restructure. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Feb 2009 15:57

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Biz, U.S.: How it all fell apart for Peanut Corp. of America

How did this happen? The company seems to have put profits before public safety. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Feb 2009 15:46

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Biz, U.S.: Bankruptcy? That’s nuts.

Posted by Ernie Smith • 0 Comments • Permalink

11 Feb 2009 11:00

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Biz: Sirius XM could go bankrupt. Here’s why.

  • $3.25 billion in debt for the company, which merged together one last year. It has $5 billion in assets and 20 million subscribers. source
Posted by Ernie Smith • 0 Comments • Permalink

05 Jan 2009 05:33

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Culture, Music: The Death Row catalogue; buy it, tick Suge off

  • Why it’s for sale Back in 2006, Suge Knight declared bankruptcy. As part of that whole kit-and-kaboodle, he had to put legendary gangsta rap label Death Row Records up for sale. It goes to auction January 15. source
  • Why it’s for sale Back in 2006, Suge Knight declared bankruptcy. As part of that whole kit-and-kaboodle, he had to put legendary gangsta rap label Death Row Records up for sale. It goes to auction January 15.
  • Don’t wanna cross him Despite a treasure trove of songs reportedly in the thousands, some potential buyers are supposedly scared that Knight might come to haunt them if they lay their hands on his former assets. Hmm. Wonder why. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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