Yesterday BP saw a huge decline in it’s value as their stocks lost 15% of their value: As BP hacked away at a pipe gushing oil at the bottom of the Gulf of Mexico, investors sawed off 15 percent, or $21.1 billion, of the company’s market value Tuesday. Some are pointing to the announcement by […]
I had almost forgot about this deal between Google and MySpace, a NewsCorp company. In 2006 the two entered into an agreement. Basically Google would get exclusive search advertising rights in exchange for $900 million over three years. MySpace also had to guarantee a minimum amount of traffic. That was all three years ago and […]
Matt Drudge will never change, and is still at it when it comes to trying to misinterpret headlines into something that might enrage the right wing. Here’s the latest example: So HuffPo is getting a “bailout”? Is she part of the financial sector or auto industry? The answer to both is of course “no”. Instead […]
NY Attorney General Andrew Cuomo has been at the front of the battle when it comes to CEOs receiving their golden parachutes, while their companies lay off and ask for government handouts, and he isn’t backing down at all: Calling the layoffs of 53,000 people “disturbing,” Cuomo says top executives shouldn’t get bonuses while investors, […]
Break out the big font – here’s Drudge’s headline: ZOGBY: MCCAIN MOVES INTO LEAD 48-47 IN ONE DAY POLLING And then here is what he says about it: ZOGBY SATURDAY: Republican John McCain has pulled back within the margin of error… The three-day average holds steady, but McCain outpolled Obama 48% to 47% in Friday, […]
Ouch: Shares of General Motors Corp. plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company’s cash needs. George Bush’s legacy continues.
This is the part of the story you don’t here the politicians talking about, or the press corp asking the White House, but it is truly another bad effect of what is happening in the housing market: In the foreclosure crisis of 2007, thousands of American families are losing their homes without ever missing a […]