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More car and economy news…because you haven’t heard enough already
Another American institution goes out the window as GM cuts truck production. Oh…how will people get to Wal-Mart now? Seriously though, a lot of people are going to lose their jobs because of this. GM...
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Remember Napster…yea, neither does anyone else.
Napster was once a great peer to peer file sharing program where music was free and plentiful. After being attacked by the RIAA and Lars (see: Metallica) it shut down. Then in 2002 Chris Gorog the CEO...
View ArticleJetBlue CEO cuts salary in half
David Barger became the CEO of JetBlue, a low cost airline, last year and accepted an annual salary of $500,000. While the salary cut is only active between July and December, it is his way of trying...
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Fannie Mae and Freddie Mac…One Disaster After Another.
Well it’s happening…the government is taking over Fannie Mae and Freddie Mac as soon as tomorrow…well this morning. These two mortgage lenders either back or actually hold HALF of the country’s...
View ArticleNBC Universal to cut $500 million from next year’s spending
Things aren’t looking good for a lot of American companies, and NBC Universal is bracing for another difficult year. It plans on cutting what amounts to 3% of its total budget. A memo from CEO Jeff...
View ArticleIs the Wealth Gap Growing? Well yes.
Studies are showing up that the wealth gap is starting to become and more separated not only in America but America in relation to other countries as well. In America I’m sure people can feel it here...
View ArticleOut With the Old and in With the New: Changing Sony
There was a time when Sony was on the edge of technological advancements. Since then, it has fallen behind. Apple has become the new “cutting edge” brand. Even one former Sony executive said, “Apple is...
View ArticleNo bonus for Goldman Sachs CEO
Goldman Sachs CEO, Lloyd Blankfein, and six other executives will not be receiving stock or cash bonuses this year. Surprisingly enough, the decision was made by the seven executives themselves because...
View ArticleYahoo CEO steps down
Yahoo! CEO Jerry Yang has stepped down. This news gave investors something to look forward to today; Now with Yang out of the way perhaps that Microsoft bid will come back sometime soon… I read most of...
View ArticleApple shares fall, no more Macworld?
In early trading today, Apple shares fell 4%. Late Tuesday, Apple made an announcement saying a product marketing executive would be making the keynote address at January’s Macworld conference instead...
View ArticleYour taxpayer dollars hard at work, for an ex Merrill Lynch exec and his $37...
No wonder no one wants to tell us where the bailout money is going or how much. One of the companies who benefited from it, Merrill Lynch and its CEO Peter Kraus. Yes, Peter Kraus benefited from your...
View ArticleIs the Prius a hard sell now?
Now that gas prices are under $2.00 a gallon, are people still buying the Prius? According to the AutoNation CEO Mike Jackson, no. From CNBC.com: “I was turning down Priuses in March and Japan was...
View ArticleApple CEO Steve Jobs cites health reasons for upcoming absences.
Steve Jobs has said time and time again that his health is just fine and he will remain the CEO of Apple, but today he announced that he will be taking a medical leave because his health is worse than...
View ArticleSEC is looking into Steve Job’s health disclosure
As I wrote in an earlier post, Apple’s stock price seems to be tied to the health of its CEO Steve Jobs. Now the SEC is looking into his health disclosure to see if it has misled investors. Last week,...
View ArticleSprint loses over a million customers, still fares well?
Sprint’s share price has dropped 70% in the last year, and while it is still the number 3 mobile carrier, it has been struggling with everything from a new CEO to service that people see as sub-par....
View ArticleMicrosoft new ad targets Apple’s high prices
I’ve always wondered when someone would notice how expensive Apple’s computers are. I mean for $1000 you can get the lowest end MacBook available, at 13″ and underpowered, it is really expensive to...
View ArticleGM’s CEO told to step down
If GM wants the government loans they have their hopes set on, they can surely count on searching for a new CEO. The Obama administration told CEO Rick Wagoner to step down from his position as...
View ArticleWagoner’s Compensation package
The press was given information today about ousted GM CEO Rick Wagoner’s compensation package. He will get over $23 million in installments for the remainder of his life. According to GM’s annual...
View ArticleGM and Chrysler may have to file bankruptcy
President Obama has been very strict when it comes to the auto industry. Even after GM and Rick Wagoner came to an agreement and Wagoner stepped down from the top job at GM, the Obama administration...
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The Pitch – Did GM’s CEO deserve to go?
Rick Wagoner is gone and GM’s fate is unknown. So here’ s the question was it the right move for GM this late in the game? Question: Many have said that every since Rick Wagoner became GM’s CEO &...
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