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November 29, 2012
nycgov:

Yesterday, Mayor Bloomberg visited Washington DC joined by Senator Charles Schumer and Senator Kirsten Gillibrand to ask for fiscal help from the federal government for Hurricane Sandy relief efforts.
In New York City, the public and private losses caused by Hurricane Sandy, which were not covered by private insurance come to $15.2 billion.  New York City’s recovery is vital to America’s continued economic recovery and growth.
Read the Mayor’s remarks delivered yesterday at the U.S Capitol Building at http://on.nyc.gov/UdLnVc.

Highlight from the remarks: "We haven’t waited for the help that we hope to get from Washington to come, but given the scale and the impact of the storm, Federal assistance is clearly warranted."

nycgov:

Yesterday, Mayor Bloomberg visited Washington DC joined by Senator Charles Schumer and Senator Kirsten Gillibrand to ask for fiscal help from the federal government for Hurricane Sandy relief efforts.

In New York City, the public and private losses caused by Hurricane Sandy, which were not covered by private insurance come to $15.2 billion.  New York City’s recovery is vital to America’s continued economic recovery and growth.

Read the Mayor’s remarks delivered yesterday at the U.S Capitol Building at http://on.nyc.gov/UdLnVc.

Highlight from the remarks: "We haven’t waited for the help that we hope to get from Washington to come, but given the scale and the impact of the storm, Federal assistance is clearly warranted."

9:04 // 1 year ago
November 21, 2012

Twinkie deals: Hostess liquidation gets tons of interest

  • 50+ companies have signed non-disclosure agreements in order to open discussions with Hostess about the possibility of purchasing one or more of the snack maker’s most famous brands. While the company’s chances are looking increasingly grim, it doesn’t look like the closing of Hostess will be the end of many people’s favorite snacks. The company has also reportedly received several buy-out offers, though none were actionable according to Hostess. source
15:25 // 1 year ago
October 28, 2012
breakingnews:

New York Stock Exchange to close trading floor, trade electronically for storm
Bloomberg News:

The New York Stock Exchange said it will shut its trading floor starting tomorrow and invoke contingency plans to move all trading to NYSE Arca, its electronic exchange, as Hurricane Sandy heads toward the city.

Photo credit: Scott Eells / Bloomberg 

Translation: Our financial system will continue moving without a physical presence.

breakingnews:

New York Stock Exchange to close trading floor, trade electronically for storm

Bloomberg News:

The New York Stock Exchange said it will shut its trading floor starting tomorrow and invoke contingency plans to move all trading to NYSE Arca, its electronic exchange, as Hurricane Sandy heads toward the city.

Photo credit: Scott Eells / Bloomberg

Translation: Our financial system will continue moving without a physical presence.

17:38 // 1 year ago
October 20, 2012

ASG Software Solutions CEO tells employees to vote Romney

  • then During a telephone conference back in June, Mitt Romney advised business owners to take a hands-on approach to this election — basically, to tell their employees how they should be voting if they want to keep their jobs: “I hope you make it very clear to your employees what you believe is in the best interest of your enterprise and therefore their job and their future in the upcoming elections. Nothing illegal about you talking to your employees about what you believe is best for the business, because I think that will figure into their election decision, their voting decision, and of course doing that with your family and your kids as well,” Romney said.
  • now This somewhat heavy-handed approach seems to be coming to fruition for Romney, in this case exemplified by ASG Software Solutions CEO Arthur Allen, who sent emails to his employees leaving no secret how he wants his workers to vote: “ASG, like many other companies, is still struggling, even after four years. We need to elect a fiscally conservative president and vice-president and stop this ridiculous government spending.” source
15:30 // 1 year ago
October 15, 2012
breakingnews:

2 Americans win Nobel economics prize
AP:Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design. 
‘Even though these two researchers worked independently of one another, the combination of Shapley’s basic theory and Roth’s empirical investigations, experiments and practical design has generated a flourishing field of research and improved the performance of many markets,’ the academy says.
Photo: Representatives of the Swedish Royal Academy of Sciences present the winners of the Nobel Memorial Prize in Economic Sciences on Monday in Stockholm. (Henrik Montgomery / AP)

In which two economists get lumped together because someone important thought their work was similar.

breakingnews:

2 Americans win Nobel economics prize

AP:Alvin Roth and Lloyd Shapely have won the Nobel economics prize for the theory of stable allocations and the practice of market design. 

‘Even though these two researchers worked independently of one another, the combination of Shapley’s basic theory and Roth’s empirical investigations, experiments and practical design has generated a flourishing field of research and improved the performance of many markets,’ the academy says.

Photo: Representatives of the Swedish Royal Academy of Sciences present the winners of the Nobel Memorial Prize in Economic Sciences on Monday in Stockholm. (Henrik Montgomery / AP)

In which two economists get lumped together because someone important thought their work was similar.

9:28 // 1 year ago
September 19, 2012

Google’s shares now worth $25 more than Apple’s

  • $727.50 Per share when the market closed on Wednesday (September 19) which tops Apple’s $702.10. A portion of the credit is being given to the Nexus 7, which sold out quickly, though demand has tapered some since the initial buyers rush. Things are clearly looking up for the company though, at least according to Chief Business Officer Nikesh Arora. “The good news is, we’re seeing phenomenal growth in mobile queries across the board,” said Arora during a recent earnings call, adding, “Mobile is, right now, where search was in 1999.” source
17:23 // 1 year ago
September 17, 2012
Congratulations to the team at Nik Software on their recent acquisition by Google. We’re curious to see how this will affect development of Snapseed, as well as the rest of Nik’s software catalog, and whether or not this might bring an end to some of iOS’ most popular photography apps. source

Congratulations to the team at Nik Software on their recent acquisition by Google. We’re curious to see how this will affect development of Snapseed, as well as the rest of Nik’s software catalog, and whether or not this might bring an end to some of iOS’ most popular photography apps. source

15:21 // 1 year ago
September 11, 2012

Kodak expects another round of layoffs ahead of 2013

  • 1,000 workers will be cut from Eastman Kodak’s payroll by the end of the year, bringing the total number of employees laid off by the company in 2012 to 3,700.
  • $330M in salary and benefit expenses will be saved by the company as a result of the sweeping cuts. source
16:06 // 1 year ago
September 10, 2012
huffingtonpost:

“What are you supposed to do … when your reputation is not as sterling as it’s supposed to be, even though you’re probably really doing a very good job?”
Wayne Knight, Seinfeld’s ‘Newman,’ Says He Sympathizes With Postal Workers Facing Cuts

In which a guy who played a postal worker on television is asked about what it’s like to be a postal worker.

huffingtonpost:

“What are you supposed to do … when your reputation is not as sterling as it’s supposed to be, even though you’re probably really doing a very good job?”

Wayne Knight, Seinfeld’s ‘Newman,’ Says He Sympathizes With Postal Workers Facing Cuts

In which a guy who played a postal worker on television is asked about what it’s like to be a postal worker.

20:38 // 1 year ago
September 3, 2012
I have been lucky. Having the opportunity to do something like this is fantastic. It is fair to say I wanted to recover some of my self-esteem.
Tony Hayward, former CEO of BP • In a New York Times profile, examining the daily life of the former BP executive, just over two years after he famously lamented his loss of life. Hayward now finds himself at the helm of Genel Energy, a drastically smaller oil company (currently worth about $3 billion on London’s stock market), and he hopes to redeem his image globally. source (viafollow)
19:59 // 1 year ago