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01 Jun 2009 08:31

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Biz, U.S.: Big auto news #1: Judge approves Chrysler’s Fiat sale

  • A speedy bankruptcy Chrysler, which has been trying to breeze through its bankruptcy as quickly as possible so it doesn’t lose its value in the meantime, got federal bankruptcy Judge Arthur Gonzalez to approve the sale of most assets to Fiat.
  • A needed merger In case you’re wondering why this sale happened so quickly, it’s because the Obama administration is putting its muscle behind it. They made it the centerpiece of the automotive task force’s recommended reconstruction plan.
  • Sticking pointsNot everyone’s behind this merger – among the scorned lovers include a number of auto dealerships about to lose their franchises, some pension funds in Indiana with a $42.5 million stake, suppliers and ex-employees. source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2009 08:44

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Biz: Now’s a pretty good time to buy Bank of America stock

  • 825 million number of shares the banking company is putting up for sale
  • $10 apiece the cost of a single share – that’s below current market value source
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2009 10:29

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Culture, World: Police are investigating that crazy “Slumdog” child sale claim

  • “News of the World” is probably full of it, but might as well check. Indian police are investigating claims by the British rag that Rafiq Qureshi, father of “Slumdog Millionaire” child star Rubina Ali, tried selling his child for a big payday, a claim he understandably denies. We wish we could just ignore their claims out of hand, but they were right about the Michael Phelps thing. source
Posted by Ernie Smith • 0 Comments • Permalink

13 Apr 2009 22:17

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Culture: The King of Crap: Michael Jackson’s selling all his stuff en masse

It’s like a yard sale, except it’s taking place in a former department store. And it looks stocked by a manchild. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Apr 2009 09:00

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Tech: Most computers still use Windows XP, but MS is cutting support

  • Mainstream support of XP ends next week. Microsoft owns a hefty chunk of the PC market, sure, but they own it on a seven-year-old operating system. 63% of all Internet users – not just Windows users, but the overall market – use XP, and it’s still sold with new computers. They’ll still provide security fixes, but bug fixes are done after this week. MS officials say that since the platform is so mature it shouldn’t be a problem, but this still seems kind of sketchy. Meanwhile, Vista cries in the corner, all gussied up for the school dance but without a date. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Apr 2009 08:44

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Tech: Sun and IBM can’t get together for some reason

  • reaction Sun’s shares went down precipitously, -$6.44 in pre-market trading, this morning.
  • cause The planned sale with IBM went south after shareholders balked at the asking price. source
Posted by Ernie Smith • 0 Comments • Permalink

16 Jan 2009 13:10

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Culture, Music: Whoever bought this better watch out for Suge Knight

  • $18 million, the amount Death Row Records sold for source
Posted by Ernie Smith • 0 Comments • Permalink
 

05 Jan 2009 05:33

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Culture, Music: The Death Row catalogue; buy it, tick Suge off

  • Why it’s for sale Back in 2006, Suge Knight declared bankruptcy. As part of that whole kit-and-kaboodle, he had to put legendary gangsta rap label Death Row Records up for sale. It goes to auction January 15.
  • Don’t wanna cross him Despite a treasure trove of songs reportedly in the thousands, some potential buyers are supposedly scared that Knight might come to haunt them if they lay their hands on his former assets. Hmm. Wonder why. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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