Other recent stories
Bank of America Closing 10% of its Branches
The LA Times reports on B of A’s plan to close up to 10% of its branch locations: Bank of America spokesman James Mahoney told the Associated Press today that the nation’s largest bank is working on a branch closure plan. The strategy was… Read more
Senate Considers Plastic Surgery Tax
On Monday, the Senate finance committee discussed instituting a 10% excise tax on all plastic surgery deemed not necessary for medical reasons. The outlay would help finance the national healthcare overhaul. NBC has more: Americans spent more… Read more
Bill Gates Gives Up Facebook–Too Many Friends
From the Sydney Morning Herald: Microsoft co-founder Bill Gates says he was forced to abandon Facebook after too many people wanted to be his friend. Gates, the billionaire computer geek-turned-philanthropist who was honoured on Saturday by… Read more
IBM Buys SPSS for $1.2bn
IBM today purchased SPSS for about $1.2 billion in cash. Tech Crunch has more: IBM is buying analytics software and solutions provider SPSS in an all cash transaction at a price of $50/share – a 42 percent premium to Monday’s closing price… Read more
Twitter For Tourism
On Friday I asked what is the point of Twitter? And today, the tourism industry offered up an answer. A new report released by by destination marketing firm, Development Counsellors International (DCI) states that . Baltimore , Fort… Read more
Cash for Clunkers Takes Off
Bloomberg reports that nearly 16,000 auto dealers want to participate in the government’s Cash for Clunkers program, which gives people up to $4,500 to trade in their old 18 mpg-or-less gas hogs for new, fuel-efficient vehicles. The program was… Read more
Verizon to Cut 8,000 Jobs
Verizon will lay off 8,000 people during the second half of… Read more
Apple Tablet: It’s Finally (Almost) Here
Rumor has it that Apple will release a tablet computer in time for this year’s holiday season. The device will be akin to an iPod touch, and a possible competitor to Amazon’s Kindle. Apple Insider has more: The 10-inch, 3G-enabled tablet,… Read more
AIU Holdings Becomes Chartis, Paving Way for a Spin Off
AIG took a big step today towards spinning off AIU Holdings, its property-casualty arm. AIG formed a special-purpose vehicle intended to hold AIU Holdings’ equity, rebranded the company as Chartis Insurance, and hired Kristian P. Moor as… Read more
Tweet-pourri
I get asked this a lot: what the point of Twitter? And quite honestly, for those of us who are using it, I think the answer is – well, we aren’t sure yet. Or maybe, it depends. The way I use Twitter from day to day changes depending on my… Read more
This Week’s Weird Jobs
The definition of easy money could be doubling for someone else in a photo with in-laws. Or it could be the definition of hell: 1. Seattle: Stunt double look alike wanted for family photo shot Hello i am posting this ad to enjoy some times… Read more
Business Notes
Ford stock jumped to $7.50/share today, after the company posted a surprise profit.
Apple is killing it with its new iMac, Magic Mouse, and Mac mini.
GM will shut down Saturn as a result of the collapsed Penske deal.
Google has purchased reCAPTCHA, which could help its text scanning project.
The postal service is offering workers up to $15,000 to leave their jobs.
Looking for t-shirts for the summer? Search all the major t-shirt shops at Teenormous.
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