tagged w/ Buisness
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sitsi
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added this
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1 year ago
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Global economic worries fuel a huge morning stock sell-off.
Virginia Tech in lockdown as police search for possible gunmanGlobal economic worries fuel a huge morning stock sell-off.
Virginia Tech in... more
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One of the reasons that we are having such a problem in our economy is due to the crash of the housing market. These infographics can help shed light on what exactly went wrong.
link :http://bestconstructionmanagementdegree.com/2011/25-awesome-infographics-to-visualize-the-housing-crisis/One of the reasons that we are having such a problem in our economy is due to the... more
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Goldman Sachs, the Wall Street powerhouse, has been accused of defrauding investors by America's financial regulator.
link:http://news.bbc.co.uk/2/hi/business/8625931.stmGoldman Sachs, the Wall Street powerhouse, has been accused of defrauding investors by... more
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Canada had just approved limited production of the Enviropig—a genetically modified breed of pigs which produce cleaner manure—containing up to 65% less phosphorous.
link:http://www.treehugger.com/files/2010/04/today-on-planet-100-enviropigs-video.phpCanada had just approved limited production of the Enviropig—a genetically... more
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The Irish government will inject another 8.3bn euros (£7.4bn, $9.9bn) into the nationalised Anglo Irish Bank, it has been announced.Irish Finance Minister Brian Lenihan said pumping in more money was "the least worst option".
link:http://news.bbc.co.uk/2/hi/business/8594653.stmThe Irish government will inject another 8.3bn euros (£7.4bn, $9.9bn) into the... more
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Millions of Americans have been forced to rely on unemployment payments for extended periods as the nation struggles through its longest period of high joblessness in a generation, and critics are taking aim, saying that the Depression-era program created as a temporary bridge for laid-off workers is turning into an expensive entitlement.
link:http://www.msnbc.msn.com/id/35782859/ns/business-washington_post/Millions of Americans have been forced to rely on unemployment payments for extended... more
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Iceland has all but given up on agreeing a new deal with the UK and the Netherlands to repay more than 3.8bn euros ($5.2bn; £3.4bn) of debt.
link:http://news.bbc.co.uk/2/hi/business/8550776.stmIceland has all but given up on agreeing a new deal with the UK and the Netherlands to... more
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Wall Street Journal MarketWatch community has a new policy and will post only allowed comments.
upalnight.comWall Street Journal MarketWatch community has a new policy and will post only allowed... more
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Apparently the UAE is trying convince the likes of China, Japan, etc. to refuse the dollar in oil trading.Apparently the UAE is trying convince the likes of China, Japan, etc. to refuse the... more
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Extreme economic problems require extreme solutions, and Wells Fargo Bank has come up with a good one. They have decided to sue themselves. Wells Fargo holds the first and second mortgages on a condominium that is going into foreclosure. As holder of the first, they are suing all other lien holders, including the holder of the second, which is Wells Fargo. It gets better. The company has hired a lawyer to defend itself against its own lawsuit. The defense lawyer even filed this answer to the complaint, "Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property. All other allegations of the complaint are denied." On the website The Consumer Warning Network, Angie Moreschi wrote: "We've apparently reached the perfect storm for complete and utter idiocy by some banks trying to foreclose on homes."Extreme economic problems require extreme solutions, and Wells Fargo Bank has come up... more
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Starbucks is opening far fewer stores these days than it used to, but it wants the ones it does open to be environmentally friendly, to be made with local materials, and to have new looks that reflect the neighborhoods they're in.
The first example opened in March across the street from Pike Place Market in Seattle, which has a more rustic look than most Starbucks' stores including a coffee bar that includes scrap leather from shoe and automobile factories, a long "community table" from a local restaurant, and cabinets made from fallen trees in Seattle.
This month, it unveiled a second concept at its Paris Disney Village store, where some materials came from reclaimed Champagne racks and recycled mobile phone parts.
On Tuesday, it will reopen a store at University Village in Seattle with cabinets and wall fixtures made from Douglas fir reclaimed from school bleachers and redwood siding outside the store that was reclaimed from hop vine poles in eastern Washington.
"Ultimately, we hope customers will feel an enhanced sense of community, a deeper connection to our coffee heritage and a greater level of commitment to environmental consciousness," Starbucks' president of global development, Arthur Rubinfeld, said in a release. He's credited with creating Starbucks' look in the early 1990s and returned to Starbucks last year shortly after Howard Schultz resumed the CEO role.
Starbucks will seek LEED certification -- an indication of environmental friendliness -- for all new company-owned stores beginning next year. (Company-owned stores do not include most shops in airports, grocery stores, etc.)
After opening roughly seven stores a day in its heyday, Starbucks is now closing more company-operated stores than it opens. This fiscal year, it expects to open 95 new company-owned stores in the U.S. and 145 in other countries. At the same time, it plans to close 605 company-owned stores worldwide.
Anyone who read my earlier post (about the coffee wars bringing more business for everybody) knows that I conjectured that Starbucks' 4 percent stock hike this morning might have something to do with the new store designs.
Probably not, according to Sharon Zackfia, an analyst at William Blair & Co.: "The new store designs are interesting and can help localize the flavor of Starbucks, but is it going to single-handedly reverse comp trends? No. I'm more focused on the improvement we're starting to see in consumer confidence and the work they're doing in lean labor. This [store design] is good around edges, but there are so many moving parts that from a stock perspective, it's interesting but likely not going to be material in my opinion."Starbucks is opening far fewer stores these days than it used to, but it wants the... more
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When the news broke yesterday that the Supreme Court had issued a stay, temporarily delaying the sale of Chrysler to Fiat, Fox Business Network (FBN) wanted to tell you about it, but they just didn't know what to say. Liz Claman was anchoring the 3-4pm hour when a producer told her what had happened. (My guess is she's talking to him or her when she says "define that please.")
Claman then proceeded to toss to not one but two other FBN reporters who had no idea what to say. The first, Tracey Byrnes, responded with, "I think you want...Robert." Robert Gray was not who she wanted, at least in retrospect, as he had no knowledge of the situation either. In all fairness, I doubt this is the fault of the on-air talent. It sounds like a control room breakdown, in that none of the FBN producers could tell any of them what was going on or who had what information.When the news broke yesterday that the Supreme Court had issued a stay, temporarily... more
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By Dan Reed, USA TODAY
Being online while being airborne is fast becoming reality for U.S travelers.
American Airlines (AMR) is announcing on Tuesday that it's joining rival Delta Air Lines (DAL) in making Wi-Fi Internet connections available to most domestic passengers.
American, No. 2 in the world in passenger traffic after Delta acquired Northwest Airlines last year, says it will equip more than 300 planes used primarily in the U.S. with high-speed Wi-Fi capability. Delta said in December that it would offer the service on its planes by the end of this year and on newly acquired Northwest planes by the end of next year.By Dan Reed, USA TODAY
Being online while being airborne is fast becoming reality for... more
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The White House confirms Wagoner is leaving at the government's behest.
The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.The White House confirms Wagoner is leaving at the government's behest.
The... more
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Wal-Mart looks to Hispanic market
By Jonathan Birchall
Published: March 12 2009 18:03 | Last updated: March 12 2009 18:03
Wal-Mart plans to open its first Hispanic-focused supermarkets this summer in Arizona and Texas as the largest US retailer continues its drive to expand its dominance of the US grocery business.Wal-Mart looks to Hispanic market
By Jonathan Birchall
Published: March 12 2009... more
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International Herald Tribune:
Advertisers get a trove of clues in smartphones
By Stephanie Clifford
Published: March 11, 2009
The millions of people who use their cellphones daily to play games, download applications and browse the Web may not realize that they have an unseen companion: advertisers that can track their interests, their habits and even their location.International Herald Tribune:
Advertisers get a trove of clues in smartphones
By... more
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Tesla Motors the developers of the Roadster, an all electric dragster. Are looking to piggyback on the current potential auto industry bailout. The company is requesting $400 million in low-interest federal loans as part of the $25 billion loan package for the auto industry passed by Congress last year. Tesla Motors, a privately held company based in San Carlos, Calif., has spent almost all of the $145 million in capital it has raised to date. It says it will soon receive another round of $40 million from its private investors to sustain operations.
But should we really use the bailout for cars that only billionaires can afford? The Roadster is not much more than a functioning concept car that sells for $109,000. Tesla says it cannot move forward on plans to bring out a second-generation car, a less expensive sedan seating five, without federal funds. It’s also counting on rapid improvements in the core component of its powertrain — a thousand-pound pack of lithium-ion batteries — but such improvements don’t happen at the pace Tesla needs them to happen.Tesla Motors the developers of the Roadster, an all electric dragster. Are looking to... more
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karmex
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added this
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4 years ago
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DHL, a popular shipping alternative to FedEx, UPS and the US Postal Service, has gone belly up in the ever more fun economic crisis. Today the company announced that it will end all domestic shipping services starting January 30th (which means 9,500 layoffs) while only international shipping to/from the US will remain. Hopefully one less competitor in the ring won't increase all of our internet shipping costs too greatly.
-Via GizmodoDHL, a popular shipping alternative to FedEx, UPS and the US Postal Service, has gone... more
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In June, google reached an agreement with yahoo, allowing yahoo to use google ads on yahoo web pages. however, after several months of delays, google opted to end the partnership due to legal concerns from several regulative bodies, including the Massachusetts attorney general. Google already has a massive share in the internet advertising market, which was greatly expanded by their acquisition of DoubleClick in april of last year.In June, google reached an agreement with yahoo, allowing yahoo to use google ads on... more
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