It looks like The Guardian was the first to report that the Financial Times would cut up to 60 jobs in its editorial library and managing editor’s office, as well as its advertising sales, finance, IT, conferences and marketing departments. The Guardian might have overplayed things a bit, as we hear no one has […]
Posted on October 22nd, 2008 by
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From Silicon Alley Insider, Oct. 21, 2008: Apple Guidance Very Conservative, iPhone Sales Huge Apple Q4 sales missed consensus, but profits were strong. The company sold 6.9 million iPhones, blowing away most estimates.But Q1 sales guidance is even m
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Posted on October 22nd, 2008 by
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Arbitrage spreads on mergers have narrowed a bit from their widest levels two weeks ago, but still remain wide on a historical basis, according to Andy Baker, special situations trading strategist for Jefferies & Co Inc.
Spreads measure the difference between the offered takeover price and the target company’s current trading price. Historically, the wider the […]
Posted on October 22nd, 2008 by
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Entrepreneurs are optimists by nature, so it’s little surprise Lending Club’s CEO Renaud Laplanche says 2008 the best time to start a lending site. He may be right. …
Posted on October 22nd, 2008 by
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Another day, another round of hand-wringing: Do I, or don’t I? That seems to be the mantra of top executives mulling buys in what continues to be a rocky market while those on the receiving end are left wondering will he, or won’t he?
So far, it ain’t looking good — for the sellers, or the […]
Posted on October 22nd, 2008 by
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With Hank Paulson making it clear he’s not long for the job any many critics declaring “good riddance,” it’s high time to start speculating about who the next Treasury Secretary may be. …
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Posted on October 22nd, 2008 by
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Have the reports of the death of peer-to-peer lending sites been greatly exaggerated, by, um, us? No sooner did this clip run than Lending Club– one of the startups in question– contacted us to say they’d come through their Security & Exchange Commi
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Posted on October 22nd, 2008 by
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Times are tough all over, but they’re really bad in Michigan, where unemployment is pushing 9% and foreclosures are among the highest in the country.Michigan is suffering not just because of the automakers’ struggles but also because of bad policy decisio
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Posted on October 22nd, 2008 by
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