NEW YORK - In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.
Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses, the government agency said Monday. Citigroup also will issue $12 billion in preferred stock and warrants to the FDIC.
Our choices are becoming fewer and more dismal. Things don't look good for the consumer at all.
9.29.2008
I smell a Monopoly Brewing
POSTED BY Melissa P. @ 10:28 AM 0 comments
9.26.2008
PETA Urges Ben & Jerry's To Use Human Milk
People for the Ethical Treatment of Animals (PETA) sent a letter to Ben Cohen and Jerry Greenfield, cofounders of Ben & Jerry's Homemade Inc., urging them to replace cow's milk they use in their ice cream products with human breast milk, according to a statement recently released by a PETA spokeswoman.
Strange very strange...
POSTED BY Melissa P. @ 9:04 AM 0 comments
9.16.2008
Everyone Should Do a SWOT Analysis of themselves
You will be surprised at what you'll find or realize about yourself. It is a good form of personal evaluation and assists you greatly in realizing where you are, where you want to be and all the things in between than can hinder your success. Ask yourself what are my strengths and weaknesses? What opportunities and threats am I faced with? This can be done in terms of work, school, personal life or a combination.
Don't be afraid to plan. It really helps put things in better perspective and your are better able to cope with what lies ahead.
POSTED BY Melissa P. @ 8:42 AM 0 comments
9.15.2008
Wall Street Meltdown: Lehman Files for Record Bankruptcy, Merrill Lynch is Sold, AIG Seeks Capital
When Wall Street woke up Monday morning, two more of its storied firms had fallen.
Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed a Chapter 11 bankruptcy petition in U.S. Bankruptcy Court after attempts to rescue the 158-year-old firm failed. Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in a $50 billion all-stock transaction.
WTF is going on? This is a sad day for business.
POSTED BY Melissa P. @ 8:30 AM 0 comments
9.12.2008
I NEED TO BECOME MORE INNOVATIVE!!!
What do people want that they don't already have?
POSTED BY Melissa P. @ 9:08 AM 0 comments
9.10.2008
Business Quote of the Day
Action should follow your goals. "Don't be too timid and squeamish about your actions. All life is an experiment." - Ralph Waldo Emerson.
POSTED BY Melissa P. @ 11:17 AM 0 comments
RIM launches first flip-phone version of BlackBerry
BlackBerry maker Research In Motion Ltd. is moving to increase its fast-growing share of the U.S. market with its first clamshell phone, the most popular format in North America.
POSTED BY Melissa P. @ 11:08 AM 0 comments
8.25.2008
Business Quote of the Day
Minds are like parachutes - they only function when open- Thomas Dewer (1864 - 1930) Scottish Whisky Distiller
POSTED BY Melissa P. @ 9:46 AM 0 comments
Just Stand Up
Breast Cancer Charity Song- Very Inspirational
POSTED BY Melissa P. @ 9:42 AM 0 comments
8.15.2008
8.13.2008
Look Out eBay...
Smaller competitors gnaw at eBay's bottom line, but eBay insists no change is needed.
eBay complaints are making way for new competitors it may seem. They probably do need to have their feathers ruffled a bit.
POSTED BY Melissa P. @ 11:10 AM 0 comments
8.12.2008
Scientist closer to creating invisibility cloak
Scientists at the University of California, Berkeley, led by Xiang Zhang, say they are in the process of developing materials that could render people and objects invisible.
I'll have to see it to believe it. Sounds like such a farce.
POSTED BY Melissa P. @ 12:46 PM 0 comments
Business Quote of the Day
It's not your salary that makes you rich, it's your spending habits- Charles A. Jaffe
POSTED BY Melissa P. @ 11:55 AM 0 comments
8.10.2008
Singer, songwriter Isaac Hayes dies at age 65
MEMPHIS, Tenn. - Isaac Hayes, the pioneering singer, songwriter and musician whose relentless "Theme From Shaft" won Academy and Grammy awards, died Sunday afternoon, the Shelby County Sheriff's Office said. He was 65
What is going on? I wonder which of our successful black men is going to be next.
POSTED BY Melissa P. @ 5:42 PM 1 comments
8.09.2008
Actor and comedian Bernie Mac dies at age 50
Bernie, R.I.P. and my condolences to his family, friends and collegues.
POSTED BY Melissa P. @ 11:58 AM 0 comments
8.04.2008
JetBlue charging $7 for pillow, blanket kit
POSTED BY Melissa P. @ 1:46 PM 0 comments
Cavalli Club Opens November 2008
POSTED BY Melissa P. @ 1:33 PM 0 comments
7.22.2008
Business Quote of the Day
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.- Warren Buffet (investor, businessman & philanthropist)
POSTED BY Melissa P. @ 10:04 AM 0 comments
Conan O'Brien to replace Leno on the "Tonight Show"
POSTED BY Melissa P. @ 9:24 AM 0 comments
7.15.2008
Business Quote of the Day
Remember, a real decision is measured by the fact that you've taken new action. If there's no action, you haven't truly decided.- Anthony J. Robbins (Author, Motivational Speaker).
POSTED BY Melissa P. @ 9:38 AM 0 comments
7.14.2008
Barack Obama: I regret moving children into campaign spotlight with TV interview

Yea I think that was a bad idea.
POSTED BY Melissa P. @ 8:37 AM 0 comments
7.11.2008
7.07.2008
General Motors considers layoffs, brand sale
POSTED BY Melissa P. @ 8:32 AM 0 comments
7.01.2008
Gadgets We Want
Here are a dozen lust-worthy phones that you probably can't have--unless you live in just the right spot.
POSTED BY Melissa P. @ 8:38 AM 0 comments
Hardest-To-Get Cars
Get in line. Despite tough times for the auto industry in general, there are some car models--across a broad range of classes and sizes--that are so popular that auto manufacturers are selling them faster than they can build them. The range of hard-to-get vehicles is as diverse as consumer tastes and budgets in general. Case in point: As expected, the most-wanted vehicle on our list is the fuel-sipping $21,500 Toyota Prius hybrid sedan that gets an Environmental Protection Agency (EPA) combined estimate of 46 mpg. No. 2 on the list? The not-so-expected gas-guzzling $74,700 Lexus LX Series full-size luxury SUV that gets a combined 14 mpg.
POSTED BY Melissa P. @ 8:29 AM 0 comments
6.30.2008
eBay fined for selling fake Louis Vuitton goods online
POSTED BY Melissa P. @ 8:39 AM 0 comments