Saturday, June 21st, 2008
Image by Getty Images via Daylife
Yahoo lost another two executives yesterday as the company continued to lurch from crisis to crisis following the board's decision to reject Microsoft's $47bn (£24bn) takeover bid.
This comes as no shock after mass exodus of Yahoo's talent in last few weeks.
The latest departures include the ...
Posted in Business/Finance, Technology | No Comments »
Wednesday, June 11th, 2008
Image via WikipediaWhile Wall Street and Washington fret about how badly investment banks could damage the economy, Tuesday provided a fresh reminder that commercial banks could be a bigger problem as the second wave of the credit crisis begins its run.
National City (nyse: ...
Posted in Business/Finance, Real Estate | 8 Comments »
Monday, April 28th, 2008
NEW YORK — Visa Inc., the world's largest credit and debit card processor, said Monday its profit rose 28 percent in the first three months of the year as customers around the world charged more to their cards.
Cardholder spending outside the United States grew particularly quickly, as more people ...
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Monday, April 28th, 2008
Washington has started distributing the first wave of 130 million payments. The aim: Juice the economy by boosting consumer spending.
NEW YORK (CNNMoney.com) -- The federal government on Monday started depositing checks into the bank accounts of 800,000 Americans in the first installment in a weeks-long effort to boost the ...
Posted in Business/Finance, National News | No Comments »
Friday, April 25th, 2008
WASHINGTON (Reuters) - The U.S. Treasury will start sending tax rebate checks to Americans next week, ahead of its previous schedule, and aims to pump $50 billion into the U.S. economy by the end of May, Treasury Secretary Henry Paulson said on Thursday.
"We will start a bit earlier. We're a ...
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Wednesday, April 23rd, 2008
DOW JONES NEWSWIRES
Liberty Mutual Group announced plans to acquire Safeco Corp. (SAF) for about $ 6.2 billion in a deal expected to make the combined company the country's fifth- largest property and casualty insurer and second-largest surety business.
Under the terms of the deal, Liberty Mutual will acquire ...
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Monday, April 21st, 2008
The National City Corporation, the nation’s tenth-largest bank, said on Monday that it plans to raise $7 billion from a group of investors as it seeks to shore up its balance sheet against continued trouble in the mortgage market. But the plan also involves slashing the bank’s dividend and a ...
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Monday, April 14th, 2008
News Corp's purchase of the Wall Street Journal last year apparently provided satirists with enough content for a parody paper. According to the New York Times, the paper, My Wall Street Journal, aims to skewer News Corp, its properties, Rupert Murdoch, politicians, and Wall Street characters.
The paper was prematurely released ...
Posted in Business/Finance, Entertainment, Funny, General | No Comments »
Friday, April 11th, 2008
NEW YORK (AFP) — Denver-based Frontier Airlines said Friday it had filed for bankruptcy after a credit card processor said it would start withholding receipts from the sale of the airline's tickets.
Frontier said in a statement it would continue to operate without disruption during the bankruptcy proceedings, offering its full ...
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Tuesday, April 8th, 2008
Starbucks Corp. is introducing a new coffee Tuesday and will give away cups of its new Pike Place Roast brew beginning at 9 a.m.
The new coffee is named after the location of Starbucks' first store, which opened in Seattle's Pike Place Market in 1971.
According to Starbucks CEO Howard Schultz, the ...
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