Posted on December 4th, 2008 by moneyvsdebt
Amid an ongoing debt crisis at controlling shareholder Sumner Redstone’s movie theater company, Viacom Inc. plans to slash about 850 jobs — 7 percent of its work force — and freeze some senior-level salaries.
Viacom, which owns MTV Networks, BET Networks and Paramount Pictures, said the cuts are a response to the global economic downturn.
The company [...]
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Posted on December 1st, 2008 by moneyvsdebt
As markets go we’re excited to tell you the shit has hit the fan in the US The sky is falling and we’re all going to die because Ryan has asked me to start adding original content to already perfectly adequate news articles. Since I’m such a nice guy I though I would [...]
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Posted on November 30th, 2008 by moneyvsdebt
The Times of London reports the details of an intricate pending Microsoft-Yahoo deal, in which Microsoft would buy Yahoo’s search business for $20 billion and install Jon Miller and Ross Levinsohn to run the company. The concept sounds reasonable (Microsoft buying Yahoo search), but the price sounds ridiculous (Yahoo’s whole market cap right now is [...]
Filed under: Finance, Global Economy, Google News, Investing, SEO, Stocks | No Comments »
Posted on November 30th, 2008 by moneyvsdebt
NBC still hasn’t sold any Super Bowl spots since September, when it crowed about a faster-than-usual pace.
Traditional Super Bowl advertisers FedEx, Garmin., Salesgenie.com and GM aren’t buying commercials this year, reports the AP.
NBC (GE) says it is negotiating with other potential advertisers for the eight 30- second advertising spots that remain open.
‘We’re hearing from a [...]
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Posted on October 29th, 2008 by moneyvsdebt
Update
Ok ok so the Fed didn’t go to zero but they did follow suit with what Wall St was hopeing for… Of course. They dropped the rate by 50 basis points or in main street terms 1/2 of a percent also known seen as .5 percent. Juding by what everyone on CNBC [...]
Filed under: Ben Bernanke, Credit Card, Easy Money, Finance, Financial News, Global Economy, Investing, Mortgage Information, Real Estate, Stocks, Will Make you Smile, federal reserve, housing crisis | No Comments »
