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Gannett to Fire Everyone for a Week
Submitted by Tyler Durden on 01/14/2009 18:46 -0400In a memo to its employees, the struggling newspaper company announced that all workers, including CEO Craig Dubow, will take one week unpaid leave this quarter to help the publisher save money.
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Breaking News: GM Cuts 2009 Sales Outlook as Economy Worsens
Submitted by Tyler Durden on 01/15/2009 18:45 -0400
Translation: taxpayers, give us your wallets. Allegedly, GM will present a new top end estimate (which recently was the absolutely worst case estimate) of 10.5 million, down from 12 million, at a Deutsche Bank conference later today.
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- 705 reads
Private Equity to Sift For Cement Shoes
Submitted by Tyler Durden on 01/16/2009 01:47 -0400
The Wall Street Journal reports that HeidelbergCement, whose CDS jumped by about 300 bps since when we wrote about the brewing troubles at the German cement maker, may be bailed out by Goldman Sachs and TPG who are allegedly considering buying
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Bulumics Can Not Save Fake Sugar from Chapter 11
Submitted by Tyler Durden on 01/09/2009 23:06 -0400
If only sugar free meant debt free... In sweet vindication for fat people everywhere, Merisant today filed for bankruptcy. The maker of Equal and Canderel fake sugar sought Chapter 11 protection. The Pegasus Capital portfolio company (hm...
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I've got a stomachful of Xanax. I took what was left of a bottle. It might have been too much.
Submitted by Tyler Durden on 01/12/2009 15:22 -0400
You can't make this shit up. All you Hollywood agents scouring under the skirts of Daily Grill waitresses for your next script look no further (I will merely accept a firm virtual handshake and advance rights for my upcoming book), and all you employed sales people, here is a brilliant idea for how to bring your career to new heights...
Nortel Bondholders Biting Their Nails
Submitted by Tyler Durden on 01/13/2009 01:09 -0400As we reported on January 9, the likelihood of a Nortel bankrtupcy filing this coming Wednesday (coupon payment date) is high to quite high. Recent rumors from the underground community had suggested that Huawei was licking its chops at NT's metropolitan ethernet business and would pay up to $1 billion. However, based on reports from forbes and debtwire from earlier today, the deal is dead in the water. Ooops.
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...But Can Lose Even More Weight By Walking There
Submitted by Tyler Durden on 01/09/2009 23:38 -0400
Is Business Week merely slapping the faces of all those investors who in recent weeks bought a slew of follow-on stock issued by airline companies (probably the only companies raising capital in the past few months as $35 barrel/oi
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Show me the mo' money
Submitted by Tyler Durden on 01/12/2009 17:27 -0400BN 11:25 *OBAMA ASKS BUSH TO NOTIFY CONGRESS OF INTENT TO SEEK TARP FUNDS
speaks for itself
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Mad-Cave Blueprints Procured
Submitted by Tyler Durden on 01/13/2009 02:16 -0400Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.
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Citi Lives the Telecom Dream as Nortel is About to Wake
Submitted by Tyler Durden on 01/10/2009 01:21 -0400
It is good to see that even as the good men leaving the yellow van carrying a straight jacket (specifically outfitted with a bro/manzier for obvious purposes) are climbing up the arduous 59 stor»
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Dead Men Walking in South Beach
Submitted by Tyler Durden on 01/12/2009 17:54 -0400
In what is the greatest annual boondoggle in the hedge fund community, the JP Morgan South Beach Conference, this year held February 2-4 in the Loews Hotel, one should be able to spot some very good leading trends of the credit markets for this year.
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- 1062 reads
Mad-Cave Blueprints Procured
Submitted by Tyler Durden on 01/13/2009 02:16 -0400Well, it isn't apartment 14A/B in 740 Park, but Bernie's $7 million Guantanamo will make most studio and one bedroom NY dwellers green with unponziated envy.
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- 821 reads
Friday Night Rumor: MGM Selling Mirage to Penn Natl
Submitted by Tyler Durden on 01/10/2009 02:23 -0400
After losing his shirt, bifocals, and the backup tire of his Jeep Cherokee by assuming that Ford and GM are actually competitive in the global car market, Kirk Kerkorian is allegedly selling one of his prize jewels on the LV strip: the MGM Mirage.
Dead Men Walking in South Beach
Submitted by Tyler Durden on 01/12/2009 17:54 -0400
In what is the greatest annual boondoggle in the hedge fund community, the JP Morgan South Beach Conference, this year held February 2-4 in the Loews Hotel, one should be able to spot some very good leading trends of the credit markets for this year.
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- Read more
- 1089 reads
In Other News: People Still Throwing Away Millions
Submitted by Tyler Durden on 01/13/2009 02:50 -0400
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- 1053 reads