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Comment of the Week

Written on
December 23rd 2008
Author
Edward Barrera

ADOTAS — Highlighting a comment from the week. (Yeah, I know it’s only Tuesday, but it’s a short week anyway) From GVP “@common sense It’s kind of a mixed bag here. On a macro scale, capital needs to flow, but part of that flow needs to be saved along the way. Imagine a world [...] more...

Yahoo’s Price Target Slashed

Written on
December 2nd 2008
Author
Sarah Novotny

ADOTAS — Slowing online ad spending prompted Jeffries analyst Youssef Squali to cut his target for the search engine this morning. While he  set a $20 price target for a Yahoo share, down $3, the analyst kept his buy rating.  It’s still far above this morning’s pre-market price of $10.89. For the 2009 [...] more...

Markets in Tailspin

Written on
October 24th 2008
Author
Reuters Group

Wall Street joined a global stock market rout on Friday that kicked off in Japan, led Russia to suspend trading and sent oil and other commodities tumbling on fears of a deep worldwide recession.U.S. stock indexes fell 5 percent in early trade. News that Britain’s economy contracted in the third quarter [...] more...

Toxic-Debt Plan and Short-Selling Curbs Lift Markets

Written on
September 19th 2008
Author
Reuters Group

The U.S. government laid out $50 billion to guarantee money-market mutual funds, curbed short-selling and crafted a sweeping plan to mop up toxic mortgage debt, sending global markets higher on Friday. As U.S. government authorities brought out the big guns to tackle the mounting financial crisis, investment bank Morgan Stanley bought [...] more...

Google, Microsoft Woes Ascend as Stock Plunges

Written on
July 18th 2008
Author
Kathleen

ADOTAS – Google and Microsoft’s quarterly results both missed the Street’s expectations as a dim ad environment, bruising legal/M&A battles and ever-ballooning expenses culminate in a mess that even these battle-scarred titans can’t seemed to extract themselves from. Google reported $3.87 billion in revenue (sans the commission it shells out to [...] more...

What’s Next: Microol? MiSpace? MiClick?

Written on
May 6th 2008
Author
Kathleen

ADOTAS – It remains to be seen if Microhoo will be resurrected, but in the meantime, it seems that Time Warner Inc.’s AOL has approached Microsoft for a potential merger. And AOL isn’t alone, The Times reports. A number of other companies (none named in the article) have approached [...] more...

CNet To Layoff 120

Written on
March 27th 2008
Author
Sarah Novotny

ADOTAS – Today, CNet Networks announced that it will be cutting 120 jobs as part of an effort to consolidate the firm while generating more content for its news and entertainment sites. This equates to about 4.4% of CNet’s employees and will effect workers in the U.S., according to a document [...] more...

Yahoo Stalls Until Who Knows When

Written on
March 5th 2008
Author
Sarah Novotny

ADOTAS – Today, Yahoo announced its decision to extend the deadline for nominating directors to its board, seeking out more time to investigate alternatives to the buyout offer from Microsoft Corp. The deadline will be extended from March 14 to 10 days after the announcement of the date for Yahoo’s [...] more...

Yahoo To Cut Hundreds Of Jobs

Written on
January 22nd 2008
Author
Sarah Novotny

Yahoo Inc., which has been suffering slow revenue growth, will be laying off hundreds of workers in reports now being released across the net. The company currently employs about 14,000 employees and it has yet to be determined exactly how many people will be losing their jobs. A final decision may [...] more...

Sprint Cuts Jobs & Closes Stores

Written on
January 18th 2008
Author
Sarah Novotny

Sprint has announced that 6.7% of its staff will be decreased, and 8% of stores will be closed due to falling stocks. This is one of the first steps taken by new CEO Dan Hesse who was appointed last month, reports MarketWatch. In the fourth quarter, Sprint lost 109,000 subscribers overall [...] more...



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AdBidCentral’s CEO, Vivek Veeraraghavan Talks Openly*What was the inspiration to start AdBidCentral? The conditions that inspired AdBidCentral came from a variety of factors in my personal [...] more...


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