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12 Mar 2010 10:32

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Biz: Lehman Brothers’ poison of choice named Repo 105

  • Among the toxins discovered was something called Repo 105. … Even if Repo 105 wasn’t lethal it was certainly poisonous.
  • Reuters columnist Antony Currie • Regarding the accounting trick that seems to have done in Lehman Brothers, among other things. An autopsy of the company’s corpse suggests that many of the top leaders – including CEO Richard Fuld – were responsible for a culture of ineptitude that allowed the company to fall apart, especially in its last year. Need a face for the financial crisis? Here’s a good one. source
Posted by Ernie Smith • 0 Comments • Permalink

11 Nov 2009 20:55

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Biz, Tech: 3Com and HP sitting in a tree, M-E-R-G-I-N-G

  • $2.7 billion for 3Com’s marbles to mix with HP’s source
Posted by Ernie Smith • 0 Comments • Permalink

04 Nov 2009 23:55

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Tech: News Corp. admits to screwing up Myspace pretty badly

  • I think we got spread a bit wide and thin and what we’re focusing on is sort of the heart of our business going forward really being a social network around key content. We’re not trying to compete with Facebook or beat Twitter. We’re trying to create a unique experience.
  • News Corp. President and Chief Operating Officer Chase Carey • Describing the ball of (#^(@-up the company’s 2005 acquisition of MySpace turned into. They let the site get lazy and fat and flabby. Now they’re just trying to turn it into a music and entertainment company or something. Tom is probably crying himself to sleep knowing that most of his friends are on Facebook now. • source
Posted by Ernie Smith • 0 Comments • Permalink

08 Sep 2009 23:28

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U.S., World: Fast food in Iraq: Jared approves of this military operation

The crass, commercial amenities of retail followed the soldiers to Iraq, so minus the bombings, the bases kinda feel like home. Kinda. source
Posted by Ernie Smith • 0 Comments • Permalink

21 Aug 2009 14:45

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Tech: Twitter finally has a plan to make money. Good for them!

  • Twitter will still be free for everybody and we’ll still tell them to go crazy with it. But we’ve identified a selection of things that businesses say are helping to make them more profit.
  • Twitter co-founder Biz Stone • Discussing how the company plans to actually make money with their overhyped, heavily-used service. The two ideas being presented: First, they plan to roll out premium accounts with analytics for corporate users. Secondly, they plan to create a commercial API for business-class interfaces. Note that the word “advertising” wasn’t used. • source
Posted by Ernie Smith • 0 Comments • Permalink

19 Jul 2009 15:34

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Biz: Why Exxon is an evil, unbelievably greedy company

  • profits Over the years, Exxon Mobil has been making major profits at levels larger than most of the countries in the world. They’re No. 2 on Fortune’s Global 500.
  • sabotage Over the last 17 years, after a deal that went sour, they’ve actively sabotaged oil fields in Texas, filling them with junk and plugging up wells with explosives.
  • fine In response to all of this, the company could have to pay some $1 billion in fines to the state – which, considering, seems a bit like a slap on the wrist. source
Posted by Ernie Smith • 0 Comments • Permalink

14 Jul 2009 10:21

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Tech: Microsoft might again offer a Windows upgrade companies don’t want

  • 59% of companies don’t plan to upgrade their machines source
Posted by Ernie Smith • 3 Comments • Permalink
 

07 Jun 2009 21:47

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Biz, Tech: Why do some corporate web sites look like giant clusterducks?

americanairlines0607
  • After graphic designer Dustin Curtis took American Airlines to task for having a terribly-designed site, an interface designer for the airline claimed it wasn’t his fault, but a horrendously broken corporate structure. (And yes, we used “clusterducks” in the headline on purpose.) source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2009 10:00

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Biz, U.S.: Why it sucks to be Morgan Stanley right now

  • $177 million The amount the financial company lost this quarter, which was unexpectedly large
  • -62% in revenue The loss in revenue for the company during the first quarter; they got a bailout, BTW source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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