Bloody Monday….we’d love nothing more than to see some folks hung up by their toenails for the financial irresponsibility that put this nation in a financial crisis. JPMorgan Chase & Co. said Sunday that it would acquire troubled Wall Street firm Bear Stearns for a mere fraction of what it was once worth amid deepening [...]
The millions go so fast these days… PodShow, the San Francisco-based online-video network best known for launching the career of CNET’s Natali Del Conte, is laying off about 20 employees, or as much as 30 percent of its staff. (ValleyWag)
“Molson Coors Brewing Company says it plans to eliminate up to 390 jobs and outsource the duties to Hewlett-Packard Company. The company says the cuts will be divided about evenly among the company’s three operating divisions: Coors Brewing Company in Golden, Coors Brewers Limited in England, and Molson Incorporated in Toronto.” (KRDO)
This one doesn’t look like it will have a happy ending for anyone other than the Bebo investors. In an unexpected move, AOL has acquired social-networking site Bebo. The price tag: $850 million in cash. Rumors had floated over the past few months that Bebo, which has over 40 million members, was up for sale. [...]
Say it isn’t so… With its acquisition of Internet ad firm DoubleClick now approved by European regulators, Google is set to commence the full integration of this early Web success into its strategic and administrative system, which will likely include reducing the company’s size, at least where positions are redundant or deemed outside the Web [...]
Sex columnist Julia Allison and Gov. Spitzer GFE gal Ashley Alexandra Dupré Is it just us or do they share a striking resemblance?
Interesting story on how the crunch in the financial markets is impacting the availability of draw-down cash at VC backed startups. The national credit crunch is starting to hit Silicon Valley start-ups. We’ve heard that venture-backed companies with Comerica money market accounts have had their accounts frozen, and when we asked Comerica spokesperson Sara Snyder, [...]
1) I didn’t try to friend “Zuck” after seeing him in that bar last night. 2) Robert Scoble is kind of growing on me ever since that BBQ bus invitation. 3) I wish Jason Calacanis was here. 4) I didn’t acquire my date via Melissa Gira Grant articles on Valleywag. 5) I really didn’t want [...]
Elliot Spitzer certainly threw a lot of stones from that glass house of his! Gov. Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring, an administration official said this morning. Mr. Spitzer, who was huddled with his top aides inside his Fifth Avenue apartment early this [...]
Huntingdon Valley-based Immunicon Corp. announced today it is cutting 45 jobs, mostly in research and marketing, and taking a first quarter charge of between $1.3 million and $1.5 million for severance.The company employs about 100 full time. The layoffs reflect a March 3 decision that was unfavorable to Immunicon in its arbitration with Veridex L.L.C., [...]
RT @thedarktangent: @GreatDismal it is the 20th anniversary of the DEF CON hacker conference the end of July and I want to invite you to speak. RT @Katy_Read: Like many writers, I have rituals. Before writing, I pour coffee, open the window by my desk, and attempt to read the entire internet. CNBC coverage of FB IPO is pretty fun. "Company X" stock is up. Check out their Facebook page. Coming up, Facebook. After the break….FB.Copyright © 2009–2012