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