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16 Apr 2010 11:09

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Biz: Why Goldman Sachs is feeling the SEC’s wrath this morning

  • one Goldman Sachs
    reportedly offered a
    mortgage to its
    customers, then bet
    against it on Wall Street.
  • two It managed to
    profit handily, staying relatively unscathed during the worst of the financial crisis.
  • three The SEC sued them
    this morning, making
    some fairly damning
    claims after noticing
    funny stuff. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2010 11:01

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Biz: Sign Goldman Sachs is having a bad day: It’s a trending topic



Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2010 20:20

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Biz, Tech: Google shows off, posts an insane jump in profits

  • 37% boost in earnings for the search engine du jour
  • 23% boost in revenues for Apple’s new rival
  • $7 amount the company earned per share source
Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2010 10:40

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Biz: Fortune 500: Huge profits go hand-in-hand with record layoffs

  • $391
    billion     size of the collective profits the Fortune 500 had last year
  • 821,000
    positions     number of jobs they had to cut to ensure that huge profit source
Posted by Ernie Smith • 0 Comments • Permalink

09 Mar 2010 21:36

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Biz: Taking the first step: Bank of America ditching overdraft fees

  • good Bank of America, which has made millions of dollars in profit off of people not having much in their bank accounts, will end the often-pricey practice of automatically charging fees at retail this summer.
  • better Consumers will have more flexibility when deciding when to accept overdrafts elsewhere – they have to accept the charge at ATMs and can still set it up for automatic payments or checks. source
Posted by Ernie Smith • 0 Comments • Permalink

26 Feb 2010 11:11

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Biz: AIG’s post-bailout earnings remain full of failure

  • $8.9
    billion     the size of AIG’s losses this quarter alone, which is laughable
  • $182.3
    billion     the size of the many bailouts the U.S. government has given it source
Posted by Ernie Smith • 0 Comments • Permalink

06 Feb 2010 10:27

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Biz: Goldman Sachs’ CEO tightens his belt, relatively speaking

  • $67
    million     amount Goldman Sachs CEO Lloyd Blankfein made in bonuses after a record 2007 for the company
  • $9
    million     amount the CEO made in bonuses after a record 2009; how thoughtful of him to cut back source
Posted by Ernie Smith • 0 Comments • Permalink
 

03 Feb 2010 10:31

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Biz: AOL’s first post-Time Warner quarter shows a (tiny) profit

  • $1.4
    million     the amount AOL made in profits this quarter, their first since being spun out of Time Warner’s lair
  • $1.96
    billion     the amount AOL lost in the same quarter a year ago; their subscriber rates are still dropping source
Posted by Ernie Smith • 0 Comments • Permalink

01 Feb 2010 21:48

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Culture: “Avatar” singlehandedly brightens IMAX’s profit picture

  • $33
    million     the amount of money IMAX lost in 2008, one of a series of rough years due to its films mostly being nature documentaries
  • $150
    million     the amount of money “Avatar” has made on IMAX screens alone – they’re headed towards a big profit this year as a result source
Posted by Ernie Smith • 0 Comments • Permalink

01 Feb 2010 08:51

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Biz: Exxon Mobil has a crappy quarter of not-record profits

  • 23% decline in their massive oil-driven profits source
Posted by Ernie Smith • 0 Comments • Permalink
 
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