Citibank Execs want private corporate jet now?
Citibank Execs want private corporate jet worth $50 million.
This sounds outrageous. On Monday over 40,000 jobs were lost in the US. People are losing jobs and fighting for survival, and these banking execs are worrying about ‘upgrading’ their already lavish corporate perks.
A large part of the current problem is due to the banks refusing to make credit available to small businesses and individuals. The bailouts are not working and, quite frankly, are being diverted to propping up balance sheets, executive compensation, and perks (like Jets) rather than increasing credit availability.
HallMark Postcard Virus update
Do NOT open any message with an attachment entitled ‘POSTCARD FROM HALLMARK,’ regardless of who sent it to you. It is a virus which opens A POSTCARD IMAGE, which ‘burns’ the whole hard disc C of your computer.
This virus will be received from someone who has your e-mail address in his/her contact list.
So if you receive a mail called’ POSTCARD,’ even though sent to you by a friend, do not open it! Shut down your computer immediately. This is the worst virus announced by CNN. It has been classified by Microsoft as most destructive. This virus was discovered by McAfee yesterday and there is no repair yet for this virus. It destroys the Zero Sector of the Hard Drive.
What do Google 4Q 2008 Results say?
Google 4Q results tops analyst views. BUT Quarterly profit at Google Inc. fell for the first time, although the performance was better than analysts anticipated.
The results released on Thursday indicated the company was able to rein in its free-spending ways enough to offset a slowdown in the online ad market that generates most of the revenue. That contrasted with a missed forecast and 5,000 layoffs announced earlier in the day by rival Microsoft.
If not for employee stock compensation costs and a charge to account for deteriorating investments, Google said it would have made $5.10 per share. That beat the average estimate of $4.95 per share among analysts polled by Thomson Reuters.
Britain Is Officially in a Recession?
Britain Is Officially in a Recession:
UK’s GDP fell 1.5 percent from the 3rd qtr and was down 1.8 percent from the period a year earlier. Economists had predicted a 1.2 percent drop for the quarter. So its going worse than expected.
http://www.nytimes.com/2009/01/24/business/24euecon.html
Sony to report record loss of $2.9 billlion?
Yes, we have been hearing about how Sony, the Japanese electronics company, has been facing costs and margin pressure in the current times. On this Thursday Sony would post a record annual operating loss of nearly $3 billion because of the rapid deterioration of the global economy, and it announced a major restructuring that will include layoffs and factory closings.
How big is the reach of MyOrbit Network?
Filed under: Business, Internet, People, Sales & Marketing
MyOrbit Network can now reach over 35 million people worldwide.
Check out the website for more info:
MyOrbitNetwork.com
By Jan 2010 we are looking to build a global reach of over 100 million people worldwide, covering all continents. 40% of our reach would come from America, and 30% each from EMEA and APAC (though central Africa will be the most difficult because of the low internet penetration so we have planned that for 3-4 years down the line )
Satyam Executives did Insider Trading?
If the interim CEO offloaded shares in Sep’08, he has done insider trading… and he can’t be trusted to run the company. The entire management of Satyam has been involved in the crime. Every news is adding more support to it. They have been fooling investors, and they need to be jail now.
http://timesofindia.indiatimes.com/articleshow/3955750.cms
Can We Cure Cancer with Genetic Engineering Therapy?
Well, it surely looks like we will be able to do it in the coming years. Here is a big milestone in human health, which shows Genetic Engineering Therapy at work.
A baby girl in born today (Jan 9th) in London – no ordinary baby – she’s the first child in the UK to have been screened as an embryo to ensure she did not carry cancer genes for Breast cancer and ovarian cancer.
Check this out.
http://edition.cnn.com/2009/HEALTH/01/09/uk.cancerfree.baby/index.html
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