Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

16 Jan 2009 12:37

tags

Biz: Short-circuit: Circuit City to liquidate its assets

  • 567 stores will close; 34,000 employees will get laid off source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jan 2009 11:33

tags

Biz, U.S.: Breaking down a $825 billion stimulus package

  • $550 billion in initatives designed to create jobs source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jan 2009 11:28

tags

Biz, U.S.: Another massive economic stimulus package is coming

  • $825 billion is earmarked in the upcoming stimulus bill source
Posted by Ernie Smith • 0 Comments • Permalink

15 Jan 2009 09:31

tags

Biz: Who says you can’t go home? The bank. Foreclosures are up.

  • 81% increase in forclosures from 2007 to 2008; the number tripled from 2006 to 2008. source
Posted by Ernie Smith • Comments Off on Who says you can’t go home? The bank. Foreclosures are up. • Permalink

14 Jan 2009 13:43

tags

Biz: Gannett employees get unpaid vacation forced upon them

  • 5 days of furlough given to all Gannett employees, leaders on down source
Posted by Ernie Smith • 0 Comments • Permalink

14 Jan 2009 09:31

tags

Biz: Citi wants to play “good bank, bad bank”

  • The good bank. After years of attempting to be a “financial supermarket,” Citi’s looking to move back to its old ways. On Jan. 22, the corporation plans to shed its current approach and slim up. They will focus primarily on corporate, investment and retail banking. The company recently agreed to merge its Smith Barney brokerage with Morgan Stanley.
  • The good bank. After years of attempting to be a “financial supermarket,” Citi’s looking to move back to its old ways. On Jan. 22, the corporation plans to shed its current approach and slim up. They will focus primarily on corporate, investment and retail banking. The company recently agreed to merge its Smith Barney brokerage with Morgan Stanley.
  • The bad bank. Nearly one-third of Citi’s assets, or $600 billion, would be separated from the rest of the company, to eventually be sold off. By segregating the bad assets, the company could find itself on stronger ground in the long run, some analysts say. Citi was one of the recipients of some federal bailout money. They got $25 billion in October and another $20 billion in November.
Posted by Ernie Smith • 0 Comments • Permalink

13 Jan 2009 15:31

tags

U.S.: Minnesota and Wisconsin have started dating

The two states will split the bill when it comes to essentials. Like, you know, dinner. source
Posted by Ernie Smith • 0 Comments • Permalink
 

13 Jan 2009 01:40

tags

Biz: Sony’s not looking so hot profit-wise

  • $1.1 billion in losses for Sony this fiscal year source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jan 2009 22:14

tags

Biz, U.S.: The Seattle P-I tries being frank with its audience

  • Right now, I’m determinedly positive, but I’m not completely unrealistic. The chances of the arrival of a savior are not great.
  • David McCumber • Managing editor of the Seattle Post-Intelligencer, which will likely close if it doesn’t find a buyer in the next 60 days. McCumber is starting a dialogue with the community online in an attempt to shed light on the possible shuttering of a big-city newspaper • source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jan 2009 12:35

tags

U.S.: The math of getting a traffic ticket in North Carolina

  • -1% drop in revenue in N.C. one year leads to a … source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>