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20 Dec 2009 11:11

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Biz: Saab dead, then Saab not dead, then Saab dead, then Saab not dead

  • The Swedish automaker has another lease on life. After GM announced that the company would be closed last week after talks with potential suitor Spyker fell through, Spyker said “not so fast” and submitted another deal. “Despite our collective 11th-hour set-back, we are returning to the table with a renewed offer,” said Spyker Chief Executive Victor Muller. Saab’s 3,400 employees must be pleased that they’re being taken on such a comfortable merry-go-round. source
Posted by Ernie Smith • 2 Comments • Permalink

03 Dec 2009 09:08

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Biz: Comcast and NBC finally announce their massive merger

  • $30
    billion     the value of the merger, announced this morning after months of rumors suggesting it
  • 51/49
    split     the breakdown of the company’s ownership; Comcast is big spoon, GE is little spoon source
Posted by Ernie Smith • 0 Comments • Permalink

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
Posted by Ernie Smith • 0 Comments • Permalink

23 Nov 2009 20:26

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Biz: Lawsuit: The Washington Times get $40 million a year from Moonies

  • That’s more than half the paper’s operating budget. Ever wonder if a bunch of really weird #&(& was going on at The Washington Post’s more conservative, religion-backed adversary? Based on a lawsuit that editorial page editor Richard Miniter is filing, it sounds like a fun place to work. Among other things, he says that the paper forced him to take part in religious ceremonies he was uncomfortable with. Hmm. source
Posted by Ernie Smith • 0 Comments • Permalink

19 Nov 2009 10:43

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Biz, Tech: AOL’s looking to get rid of a lot of freaking people

  • 2,500 workers number of people wanted for voluntary buyouts; if they don’t get those buyouts, they turn into layoffs
  • $300 million the amount AOL expects to save with the restructuring; they’re in the midst of a split with Time Warner source
Posted by Ernie Smith • 0 Comments • Permalink

15 Nov 2009 11:04

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Biz: In a position of strength, Bloomberg grabs for the brass ring

  • We need a broader audience. The history of this company is you do the counterintuitive, countercyclical thing. It’s part of our DNA.
  • Bloomberg president Daniel L. Doctoroff • On his company’s desire to expand into a more general-interest news source. The company is in a good spot to do so. Largely built on business and financial data rather than newspaper subscriptions, it just bought troubled magazine BusinessWeek for the bargain-basement price of $5 million and has a ton of money to throw around. You know, just like founder Michael Bloomberg did when he spent millions of dollars on his recent mayoral campaign even though he didn’t need to. • source
Posted by Ernie Smith • 0 Comments • Permalink

23 Oct 2009 18:25

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Biz: AIG’s got contracts to complicate Obama’s pay czar’s cuts

  • 13 of the top 25 execs getting pay cuts have left the company
  • three execs are contractually bound to keep their compensation source
Posted by Ernie Smith • 0 Comments • Permalink
 

08 Oct 2009 08:19

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Tech: Have a “real job”? You may have to take your Twitter pic in a suit

  • 70% of businesses will require dress codes for avatars by 2013 source
Posted by Ernie Smith • 0 Comments • Permalink

26 Sep 2009 11:25

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Biz: Have bad news to share? Bury it deep in your press release

  • -8.3% drop in stock value within three days of bad news that’s been played up in a press release (on average)
  • -4% drop in stock value within three days of bad news that’s been buried deep in a press release source
Posted by Ernie Smith • 1 Comment • Permalink

24 Sep 2009 20:30

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U.S.: The G20 in Pittsburgh: It’s all fun and games until there’s tear gas

  • It’s a short video, but it does a good job of capturing the vibe of the anti-capitalism protests outside the G20 summit. About a dozen people were arrested and a bunch of windows were smashed in. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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