Pin ItemailprintThe longest serving female CEO at a major American company will soon be looking for a new gig. Yesterday, Avon Products announced that it was launching an executive search to replace Andrea Jung, its CEO for the past 12 years. Once a replacement has been found, Jung will step aside. It’s a little strange [...]
There used to be a time when we had a choice when it came to getting our news and information. Nowadays, not so much. Take, for example, the fact that, in 1983, 90 percent of the American media was owned by 50 different companies. Today, on the other hand, that same 90 percent is owned [...]
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In a truly bizarre move, Federal Housing Finance Agency, the federal agency responsible for overseeing Fannie Mae and Freddie Mac, filed lawsuits yesterday against 17 financial institutions in an attempt to recover billion-dollar-losses that resulted from risky, subprime mortgage loans. In the complaints, the FHFA says the lenders misrepresented the quality of the loans. “Based [...]
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Warren Buffett apparently has some spare change lying around as the billionaire has agreed to invest $5 billion in Bank of America, clearly an attempt to shore up the largest bank in the U.S. Shares of Bank of America stock rose 12.3 percent to $7.85 on the news, wiping out part of the stock’s losses [...]
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The Federal Communications Commission has just approved Comcast‘s purchase of a controlling stake in NBC Universal. At this point, the deal is still subject to review by the U.S. Justice Department. The FCC approved the joint venture by a 4-1 vote. Democratic Commissioner Michael J. Copps, the only dissenting vote, said the concentration of media [...]
Comcast, the USA’s largest provider of cable television, high-speed internet, and communications products, is in reportedly in deep talks to buy NBC-Universal from G.E. Details were ironed out during a meeting among bankers for both sides in New York on Tuesday afternoon. Some reports indicate that a deal has already been formalized with a purchase [...]
Image via Wikipedia It’s been just under two weeks since we told you about Topps’ journey into augmented reality with their new line of baseball cards. Now, General Electric has come out with a pretty amazing advertisement to promote its Smart Grid windmill technology. When you log onto the GE website, you can do try [...]
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