Business Pundit

The four-door sedan is due to be released in 2011 and will cost $50,000. More…. Read more

Citigroup plans to exchange as much as $27 billion of preferred stock into common stock. The government would own a 36% share of the company as a result. CNNMoney has more…. Read more

TV Crunch makes the case that online TV is now a true alternative to cable and satellite subscriptions. This could shake up the TV industry in radical ways. A true disruptive technology will change the way TV is produced and… Read more

Slender Wine is showing up in Oscar gift bags this year. It is a wine that purportedly contains no calories. Scary or smart? More here…. Read more

Niall Ferguson, respected economic historian, warns of other European countries facing an Iceland style bankruptcy. ‘Switzerland is first in line… and Britain is not far behind,’ he says. Read… Read more

Startup company Teenormous, a t-shirt search engine, currently has over 58k different t-shirts in their search index, making them the biggest in existence. Congrats for the bootstrap… Read more

The Boston Globe covers the details on previously announced Fidelity… Read more

Dell has announced plans to enter the cell phone market with a line of smart phones running Google’s Android once again proving that Apple knows how to anticipate markets better than anyone out… Read more

Caterpillar Inc. is laying off 20,000 people. More here…. Read more

A new site called MoneyPath launched today filling a much needed niche: it’s Lending Tree for business… Read more

Sprint is freezing salaries, offering a voluntary discharge program, suspending 401K matching and tuition reimbursement…and laying off 8,000 workers…. Read more

US-based chemical company Tronox has filed for Chapter 11 bankruptcy. The company manufactures pigment and relied heavily on home building to sell its paints…. Read more

Hotwire has a pretty sweet new site called Travel Ticker, where you can find the latest flight, hotel, and package vacation deals in one place. Watch for nasty taxes on the flights, though–they may not be as cheap as they appear…. Read more

Joseph Forte, a Philadelphia investment manager, was charged by the SEC for running a $50bn Ponzi scheme. Not… Read more