Smartlipo maker losing money, laying off workers

Cynosure Inc., the maker of Smartlipo laser liposuction devices and anti-cellulite equipment, ... -of-year total workers left at the company to about 285. Cynosure said it will report a loss for the quarter ended Dec. 31 because of “the global economic downturn and weakening credit environment.” [more...]

Date: 2009-01-16 15:26:32

Blog posts (129) | Videos (59)
 

BofA, Citi Report Losses

From the WSJ: Bank of America Swings to a Loss Bank of America Corp. swung to a fourth-quarter loss as provisions for credit-losses nearly tripled, while the company showed why it needed further help from the government to support its acquisition of Merrill Lynch [more...]

Date: 2009-01-16 13:20:02

Halstead TV: Behind The Numbers

A: This is my company's new Market Report narrated by Halstead Chief Economist Greg Heym ... that we are at now now. Greg mentioned the challenges NYC faces, and acknowledges the credit crisis that began [more...]

Date: 2008-11-11 22:37:33

IIT placements slow down

This report was the first indication that it's not 'business as usual' at the IITs ... companies like Shell, RIL, Credit Suisse, HUL, Transocean, Dell and NetApp had initially said they would [more...]

Date: 2008-12-10 19:09:00

Batteries to store wind energy

Batteries to store wind energy Posted by Roland Piquepaille @ 9:56 am Categories: Energy & Environment, Engineering & Innovation Tags: ... reports that Xcel Energy, a Minneapolis-based utility company, has started to test a new technology ... on the left. The top one represents workers lifting a battery module into place. (Credit: S&C Electric [more...]

Date: 2008-12-27 17:56:15

Congress blames BSP of extortion on Maya's birthday

Congress blames BSP of extortion on Maya's birthday Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2009-01-15 16:03:18

'India to grow at 7 to7.5 per cent in 2009'

'India to grow at 7 to7.5 per cent in 2009' Bloggers Michael Swanberg Capacity for the Future ...Minority Report is Here... But So What? ... computer input. A company by the name of Oblong Industries, Inc., has created what they ...FarCry2, The Prettiest Game I've Ever Played Or at least a good start... ...To Their (Bad) Credit [more...]

Date: 2009-01-16 12:21:22

CDS report: Issuance keeps lid on market

The recent rally in European credit markets looks like it's losing a little steam, as companies like VW and National Grid rush to raise money in the bond markets, creating a weight of supply and a lid on any further improvement in spreads. European credit derivative indices across [more...]

Date: 2009-01-08 12:09:45

Tribune Company Weighing Bankruptcy

Tribune Company is considering whether to file for bankruptcy, according to several news reports out today ... . has cash and could draw on an existing line of credit with its senior lenders to pay Monday's bill ... how seriously Tribune is considering bankruptcy, according to a cautiously written report in The New [more...]

Date: 2008-12-08 20:57:31

iPhone Nano on the way to China first?

A smaller, cheaper iPhone could hit China later this year, now that two companies appear to have gotten contracts to make its chips.(Credit: Apple) More iPhone Nano rumors are surfacing out of China, as some are starting to wonder whether the much-rumored diminutive iPhone will ship in that region only. Digitimes picked up on a report [more...]

Date: 2009-01-13 17:46:00

Is there a crack in your Xperia?

(Credit: XDA Developers) Update: Sony Ericsson has informed us that there have been no reports of the mentioned cracks in Asia so far. The company says that any complaints will be assessed ... [more...]

Date: 2008-12-30 02:08:03

Roche Cutting Hundreds of Manufacturing Jobs

We hate to bring out the layoff ax again so soon, but the legions working for drug companies seem to be shrinking by the day ... jobs, the WSJ reports. The cuts will take place over the next two to three years, and come on top ... credit crunch and questions about price. Speaking of cuts, Hunziker said the majority of cost savings [more...]

Date: 2009-01-16 13:30:42

Outlook Worsening for U.S. Transportation Companies - S

A rapidly deteriorating U.S. economy, slowing growth worldwide, and credit market dislocations are stepping up the pressure on North American transportation ... through higher fuel costs, according to the report, “Industry Report Card: Recession Is Creating A Dim [more...]

Date: 2009-01-14 20:15:18

McCain's Fak-o-nomics - Fake Solutions for Real Problems

After the startling bailout of AIG last night, and the current day market's 200-300 point drop in response, Senator McCain (finally) ... of the company’s financial services group. That unit is profitable, according to the most recent report ... to the value of home loans. The financial products group sold credit-default swaps, complex financial [more...]

Date: 2008-09-17 18:34:55

AMEX and CIT get bailout funds

GMAC is not alone in converting itself into a bank holding company in order to qualify for federal bailout money. Bailout Sleuth reports that American Express (NYSE:AXP) and CIT Group (NYSE:CIT) have done ... $3.39 billion in preferred stock to the government. Although it is known primarily as a credit-card [more...]

Date: 2008-12-29 15:17:32

eCommnerce Chargebacks and Remedies

According to a recent report (Oct, 2008) by CyberSource (a leading payment & risk management services company) ... with their bank or credit/debit card provider. Sometimes the consumer dispute is untrue, and their refund claim ... . In cases of credit card fraud, the merchant loses the goods or services sold, the payment, the fees [more...]

Date: 2009-01-06 07:09:50

Where's the SPAC Attack?

Reuters reports that time is running out for the dozens of Special Purchase Acquisitions Companies (SPACs) ... between a dead IPO market and cash-hoarding hedge funds. While the credit crisis has cleared away [more...]

Date: 2009-01-04 19:56:43

Tribune Goes Bankrupt - Reporters Blaming Zell

You would think that the bankruptcy of the Tribune Company would be an indicator of a dying industry, newsprint ... was that the leverage of the credit market would be gone when it came time to refinance. But critics ... that Zell infuriated all I have to say is too bad. The road that you were on was one of failure [more...]

Date: 2008-12-09 14:43:11

KCB and Triton

KCB has been rather silent on the Triton matter even as the company’s share price took a mini hit and its profitability outlook was downgraded in ... of a Sustainability Report of the group. It’s not online yet, though it will be, an interesting report with lots ... on responsible lending requires that the KCB audit committee meets twice a month, credit co [more...]

Date: 2009-01-17 11:59:00

Verizon Was The Most Frequent Target For Identity Theft Scams In 2007 [Graphs]

Identity theft reports to the Federal Trade Commission show that Verizon was the most frequently named company, ... nearly tripled from 2006. Rounding out the top five are AFNI (a collection agency), JP Morgan Chase ... created from pre-approved credit solicitations. Hoofnagle asks for increased transparency by businesses [more...]

Date: 2008-07-24 22:54:12

Getting Real: Hope is not a Strategy

Reality hit our company, Logo Design Guru in the 4th quarter, and clearly, logos and websites are not immune to some recessional affects also ... cash, which is critical. Go through your P&L report item by item, and start eliminating any unnecessary expenses. Be sure to review your credit card statements. I can almost guarantee you’ll find [more...]

Date: 2009-01-18 04:51:38

Citigroup Posts $8.3 Billion Loss, Splits Up Company

NEW YORK — Citigroup said Friday it is splitting up into two businesses as it reported a fourth-quarter net loss of $8 ... and banking revenue, and $5.3 billion on the value of credit derivatives. It also lost $2.5 billion [more...]

Date: 2009-01-16 13:14:43

The end of The Columbian?

The Columbian newspaper in Vancouver is reporting that it will return to its old offices in a desperate attempt to stay afloat ... the company is trying to negotiate a new loan with its lender or will seek temporary Chapter 11 ... to financial health. Whew. I’m no expert but given what we’ve been hearing about the credit crisis created [more...]

Date: 2008-10-09 01:49:05

WELLS FARGO TWICE AS STRONG REPORTS PRESIDENT JOHN STUMPF

John Stumpf “I’m sure you have heard the news. Wachovia is now part of Wells Fargo & Company ... be business as usual for our customers. Please continue using your Wells Fargo bank accounts, credit [more...]

Date: 2009-01-06 19:30:41

Congress Seeks To Move Up Credit Card Act Implementation To December 1st [Surprise]

Today, Reps. Barney Frank and Carolyn Maloney are going to request that the implementation date for the rest of the Credit Card Act 's rules be moved to December 1st of this year instead of February 2010 , after seeing companies "jacking up their rates and doing other things to their customers in advance of the effective date" all summer, reports Mary Pilon at The Wall Street Journal. [more...]

Date: 2009-09-24 15:09:36

Is Nortel a Victim of the Global Financial Crisis?

Some would paint Nortel as a company that was on the verge of making a big turn around, but was blindsided by the financial crisis. If only the credit markets were in better shape, Nortel wouldn’t have been forced ... at its earnings history. I dug through old Nortel annual reports and tried to resolve all the inconsistencies [more...]

Date: 2009-01-15 05:08:00

How to Get Your Free Credit Report

September 5, 2009 | By Wendy Polisi In Finance | by Wendy PolisiThere is a lot of misleading information available today, especially online, regarding getting access to your credit report. Some of this misleading information is the product of the credit reporting agencies themselves, which are for-profit entities. There are also many independent companies that will obtain your credits reports for you, for a hefty fee.None of these services are really required for American citizens and residents. [more...]

Date: 2009-09-05 08:32:01

Credit clean-up

"I really enjoyed reading your article about credit repair companies offering false hopes and essentially scams to consumers," ... on your credit report. Credit repair companies can negoitate a repayment plan and might even get fees removed ... of the FTC's Bureau of Consumer Protection said, "Companies that promise they are able to scrub your credit [more...]

Date: 2008-10-27 19:40:13

How to Understand Credit Report

How to Understand Credit Report posted on January 8th, 2009 Now that you have obtained your credit report, ... the company name is a description of the type of account (such as student loans, credit card or line ... the first thing you need to do is read through it and understand what it all means. Don’t feel bad [more...]

Date: 2009-01-08 08:35:23

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