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26 Apr 2010 20:57

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Biz: Wal-Mart’s bracing for a huge sex-discrimination lawsuit

  • one
    million     number of women that could
    sue Wal-Mart in a class action
    trial over unfair pay
  • nine
    years     amount of time this case
    has been winding through the
    federal courts source
  • » Oh, just an FYI: This court case is weeding its way through the Ninth Circuit Federal Appeals Court. Wal-Mart plans to appeal the case. If you remember our article from yesterday, this doesn’t bode well for the result.
Posted by Ernie Smith • 0 Comments • Permalink

26 Apr 2010 11:06

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Biz: The car rental business just got a little more consolidated

  • $1.2 billion for Hertz to buy, not rent Dollar-Thrifty source
Posted by Ernie Smith • 0 Comments • Permalink

20 Apr 2010 10:17

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Biz: SEC, Smesh-EC: Goldman Sachs kills it in quarterly profits

  • $3.46
    billion     size of Goldman Sachs’ profits this quarter, which is kind of a lot
  • 91%
    boost     the amount the company’s earnings went up from a year ago source
Posted by Ernie Smith • 0 Comments • Permalink

09 Apr 2010 15:09

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Biz: We’re gonna use this post to link to the Nikkei’s home page

  • Why? Because they say we can’t. The Japanese business newspaper is following the lead of a lot of newspapers worldwide by adding a paywall, but their paywall is way beyond that of, say, the Wall Street Journal. First, you have to submit a written application to link to the site (which we didn’t do). And second, they’ve gone and disabled the copy function on their site. Why? Because they’ve seen American papers open the floodgates and lose readership as a result. source
Posted by Ernie Smith • 0 Comments • Permalink

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
Posted by Ernie Smith • 0 Comments • Permalink

12 Feb 2010 09:57

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Music: WTF: Cash Money Records gets in the oil-drilling business

  • He has to keep busy while Lil’ Wayne’s in jail, right? Word on the street is that Birdman, a.k.a. Bryan Williams, is getting in the oil business with his brother and Cash Money Records co-founder Ronald “Slim” Williams. They have a Web site and everything. It’s called Bronald Oil & Gas. Wonder how they came up with the name. source
Posted by Ernie Smith • 1 Comment • Permalink

08 Feb 2010 10:18

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Biz: CIT Group’s new CEO, John Thain, knows a thing or two about bailouts

  • $6
    million     amount of money John Thain will make in his first year as CEO for the emerging-from-bankruptcy small business creditor CIT Group
  • $15
    billion     amount of money Merrill Lynch lost on his watch in the fourth quarter of ’08; is this really the right guy for this particular job? source
Posted by Ernie Smith • 0 Comments • Permalink
 

04 Feb 2010 10:15

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Biz: People working harder so companies have to hire less

  • 6.2% increase in worker productivity in 2009 source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jan 2010 22:03

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Biz: Yelp: The ruiner of dreams, small businesses and Diane Goodman

  • In the past, if someone was difficult, you could just tell them to leave. But you can’t do that anymore. You talk to someone, and a couple of minutes later, it’s on Yelp.
  • Small-business owner Diane Goodman • Regarding the minor total nightmare Yelp has become for her business. Goodman overreacted to a post on the site, contacted the poster, and the poster responded back by putting her messages in the Yelp review. The result turned into an altercation at the poster’s house. With its 8 million user-submitted reviews and 26 million views, a negative review can cause significant damage to a business. As well as Diane Goodman’s mental health. source
Posted by Ernie Smith • 2 Comments • Permalink

02 Jan 2010 15:57

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Biz: Big-box retail survivors eating the corpses of the deceased

  • cause A bunch of retail spaces have closed during the recession – including 8,000 stores expected in the first half of this year alone.
  • effect Chains still doing well – including Forever 21, Kohl’s and Staples – are taking advantage of cheap rents to launch new concepts. source
Posted by Ernie Smith • 4 Comments • Permalink
 
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