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18 Jan 2010 18:07

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Biz: Cadbury/Kraft merger: Mmm, Velveeta and Trident Gum …

  • $19 billion mash-up could be announced tomorrow source
Posted by Ernie Smith • 0 Comments • Permalink

11 Dec 2009 22:46

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Tech: Dear jerk from CNET: Way to be uninformed about Lala

  • Consider that Apple is now seeking help from a group that cast about the digital-music sector for years, swapped out business models multiple times (without ever finding a profitable one), and basically did little to distinguish themselves.
  • CNET scribe Greg Sandoval • Describing his skepticism on Lala, which Apple acquired last week. Sandoval’s take on the startup is beyond unfair – it’s straight-up uninformed. He wrote about the service as if the current version of the site – which sites such as Pitchfork and The Onion AV Club, and heck, we, regularly use – was nothing special. In our opinion, it reads as if he’s never actually used the service, which was struggling financially but had solid business deals in place. Why is Apple interested in Lala, like Google also was? Simple. Because it has a huge, passionate, cult audience – an audience bored by iTunes. (By the way, Sandoval totally missed Google’s Onebox setup, which TechCrunch was quite excited about.) Write about it when you know what you’re talking about, Greg. source
Posted by Ernie Smith • 0 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

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

02 Nov 2009 22:04

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Biz: Black & Decker, Stanley mix their tools in same toolbox

blackanddecker1102
  • We’re sorry for all the dirty jokes we’ve made lately, but they’re WAY too easy to make. Anyway, Stanley plans to buy Black & Decker in an all-stock deal for $3.5 billion. They’ve been trying to share the same tool belt for a while now, but they only pulled it off today. We’re going to stop writing now, just so we can avoid making another tool pun. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Oct 2009 20:29

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U.S.: Ahahahahaha. The pilots who missed their stop? On their laptops.

  • The pilots are likely gonna lose their jobs. We sure hope so. Last week, the uproar over a plane that disappeared just before it was supposed to land initially had people thinking the plane was hijacked. Then, the pilots were drunk. Then, the pilots were arguing. Here’s what it really was: The pilots were on their laptops, while one was showing the other Delta Air Lines’ new scheduling system – which is changing for the pilots due to the continuing merger of Delta and Northwest Airlines. We’re not sure if we believe this. We bet they were just playing Canabalt. source
Posted by Ernie Smith • 0 Comments • Permalink

30 Sep 2009 20:00

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Biz: Bank of America CEO Ken Lewis sure regrets that Merrill Lynch merger

Lewis will be retiring at the end of the year, the victim of months of heavy scrutiny – by regulators and investors – of the failed merger. source
Posted by Ernie Smith • 0 Comments • Permalink
 

14 Sep 2009 09:31

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Biz, Tech: T-Mobile’s parent might buy Sprint. B … but … the unlimited plan!

  • The Now Network might be a thing of the past. Sprint’s shares surged this morning on word that Deutsche Telekom AG was looking into buying the third-largest wireless company. Now, T-Mobile isn’t a bad company, so it’s not like, we don’t know, AT&T buying them, but Sprint JUST announced this killer unlimited plan. We could see it going away under T-Mobile. source
Posted by Ernie Smith • 0 Comments • Permalink

07 Sep 2009 09:37

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Biz: Cadbury buyout offer: This may be the day’s only piece of news

  • $16.7 billion size of the offer Kraft made; it was swatted away by the chocolate egg giant
  • 41% increase Cadbury’s jump in stock after the offer was made; Kraft’s gonna try again source
Posted by Ernie Smith • 0 Comments • Permalink

16 Aug 2009 20:48

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Biz, Tech: Big and evil Comcast wants to be bigger and eviler

  • 2004 Comcast made a $54 billion bid for Disney out of the blue. Everyone laughed at them because it was so unexpected. Their shareholders didn’t like it.
  • 2009 Comcast has spent years saving up massive amounts of cash in their coffers. They’re glancing around. Investors are concerned they may do a repeat. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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