According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that Fannie Mae…
The recession is not breaking the video game addiction shared by so many Americans. Even in a downturn they can find cash for games and consoles. Microsoft (MSFT) said Xbox sales broke records on…
Playboy Enterprises Inc. (NYSE: PLA) has announced that Christie Hefner is stepping down as Chairman & CEO of the company. Her two-decade reign over the magazine publisher and adult-oriented media and entertainment will come…
The New York Times Company (NYT) will mortgage its building in the hope of getting as much as $225 million to help it through a cash crunch. According to The New York Times, "The…
The Tribune Company may go into Chapter 11 this week. The newspaper industry has several companies headed that way. Journal Register and Gatehouse are at the top of the list. Tribune’s failure says more…
According to Reuters, the Senate will return to auto bailout talks this week. Reuters reports that Merrill Lynch (MER) CEO Thain is seeking his $10 million bonus. Reuters reports that unsold cars are piling…
A day ago came news that McClatchy (MNI) would sell its flagship Miami Herald. The day before, the Rocky Mountain News went on the block and Newsday said it would make additional newsroom cuts.…
Jim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich…
According to Reuters, car company executives went before Congress and pleaded for billions of dollars. Reuters reports that governments are bracing for a long crisis ahead. Reuters reports that Paulson says the financial bailout…
On tonight’s MAD MONEY on CNBC, Jim Cramer called for companies with high cash balances to make acquisitions while competitors are dirt cheap and vulnerable. Yesterday, Cramer called for Pfizer (NYSE: PFE) to acquire…
According to Reuters, falling interest rates will not offset unemployment and falling prices to save to housing market. Reuters reports that GM (GM) and Chrysler are considering bankruptcy to get US funding. Reuters reports…
According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will cut bonuses…
According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs. Reuters reports that Boeing (BA) will sign a new deal with machinists.…
It is December, and it is time for many companies to review their existing plans and decide to make some major changes in 2009. SIRIUS XM Radio Inc. (NASDAQ: SIRI) now stands at a…
According to Reuters, US car sales are expected to be down sharply for November. Reuters reports that the global recession is hurting Asian factories. Reuters reports that the GM (GM) board is reviewing the…