BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Lehman screws workers out of severance payments]]>http://www.bloggingstocks.com/2008/10/07/lehman-screws-workers-out-of-severance-payments/http://www.bloggingstocks.com/2008/10/07/lehman-screws-workers-out-of-severance-payments/http://www.bloggingstocks.com/2008/10/07/lehman-screws-workers-out-of-severance-payments/#commentsFiled under: , , , , ,

Much as I find it hard to muster sympathy for thousands of overpaid investment bankers forced to walk to the unemployment office in their designer shoes, the news that Lehman Brothers Holdings Inc. (NYSE: LEMQ) won't be paying them severance made me feel a little sorry for them.

According to Bloomberg News, the New York-based firm recently notified employees that they will not receive a payment on October 3 or after. The company reneged on a promise to the fired workers to pay them severance until August 2009. Workers who want the rest of their compensation will have to file a claim with the bankruptcy court. It will take years for the former employees to get paid through Chapter 11 and even then they might only get a fraction of what they are owed.

Bloomberg reports that it is not clear how many former Lehman employees have been affected. You can bet that members of Congress and the Department of Justice will be interested to know if Chief Executive Richard Fuld will receive a golden parachute once Barclay's PLC (NYSE: BCS) completes its takeover of the once-storied New York investment bank.

Continue reading Lehman screws workers out of severance payments

Lehman screws workers out of severance payments originally appeared on BloggingStocks on Tue, 07 Oct 2008 13:25:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BARfeaturedHenry WaxmanHenryWaxmanLEHlehman brothersLehmanBrothersRichard FuldRichardFuldWall StreetWallStreetTue, 07 Oct 2008 13:25:00 EST<![CDATA[eBay, Yahoo!, Firefox, Facebook: This ain't good folks.]]>http://www.bloggingstocks.com/2007/07/20/ebay-yahoo-firefox-facebook-this-aint-good-folks/http://www.bloggingstocks.com/2007/07/20/ebay-yahoo-firefox-facebook-this-aint-good-folks/http://www.bloggingstocks.com/2007/07/20/ebay-yahoo-firefox-facebook-this-aint-good-folks/#commentsFiled under: , , , , , , ,

This Internet is starting to tighten up a bit and I don't like it. Mostly, I'm a little irritated that moves are being made that seek to pigeonhole our options as content producers and seekers. Call me the consummate conspiracy theoretician if you want to, but I say right at the head of this movement is eBay Inc. (NASDAQ: EBAY). The following scenario components may provide special interest to the fanciers of Microsoft Corp.(NASDAQ: MSFT). You may also be interested in these tidbits if you hold a chunk of Google Inc.(NASDAQ: GOOG).

About two months ago the online auction proposition was dumped by Yahoo Inc. (NASDAQ: YHOO) They gave no real explanation as to why they were doing it. They just closed up shop. Now, they have entered into a joint venture regarding a Yahoo! search tool for eBay. Now that answers some questions, doesn't it.

Continue reading eBay, Yahoo!, Firefox, Facebook: This ain't good folks.

eBay, Yahoo!, Firefox, Facebook: This ain't good folks. originally appeared on BloggingStocks on Fri, 20 Jul 2007 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bardigitaleBayFacebookFirefoxGoogleimagesInternet ExplorerInternetExplorerMicrosoftMozillasearchtoolYahooFri, 20 Jul 2007 12:40:00 EST<![CDATA[Cramer drinks cheap Scotch, picks Diageo]]>http://www.bloggingstocks.com/2006/10/20/cramer-drinks-cheap-scotch-picks-diageo/http://www.bloggingstocks.com/2006/10/20/cramer-drinks-cheap-scotch-picks-diageo/http://www.bloggingstocks.com/2006/10/20/cramer-drinks-cheap-scotch-picks-diageo/#commentsFiled under: , ,

Tonight on MAD MONEY, Cramer was oh-so-ready for happy hour. When he's drinking, it's cheap Scotch. When he's picking stocks, he's influenced more by the liquor store's top shelf. Cramer said he likes Diageo plc (ADR) (NYSE:DEO), because it controls 60% of the world's top liquor brands. The company has great segments, brands, and BRIC. He said Diageo can charge a premium thanks to the superior branding of its blends.

He mentioned that the company's Johnny Walker Blue is just a slightly better blend than the other Johnny Walker premium pours, not quite as good as single malt scotch. The company's BRIC (Brazil, Russia, India, and China) efforts are really paying off. Diageo (DEO) closed up 0.4% at $72.50 and traded up another 0.55% to $72.90 after he commented on this in after-hours. He thinks this is a must-own stock.

Cramer drinks cheap Scotch, picks Diageo originally appeared on BloggingStocks on Fri, 20 Oct 2006 18:40:00 EST. Please see our terms for use of feeds.

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