Hugh Hefner, the founder of Playboy, has sent a request to Playboy to buy the outstanding listed shares of the entertainment company. Playboy readership has been in decline for the last decade. If Hugh Hefner is able to buy the outstanding shares, Playboy will become a privately held company. The company is currently valued at [...]
In 2006 lawmakers in Alaska enacted a tax act that put a $46 bill on the heads of each person aboard a cruise ship that visited the state. This in turn hiked the cost of the cruises and caused a stir among the passengers. The cruise industry started to fight back and as such they [...]
If you buy a pack of cigarettes in New York, you will be paying the highest taxes in the nation. But get ready to pay a whole lot more, because this summer a new take will make those already high taxes even higher. A bill was approved on Monday which will add a tax of [...]
Michigan no longer has the highest unemployment in the country. That title now belongs to the state of Nevada. Michigan had the dubious distinction for the last four years. Unemployment in Nevada jumped from 13.7 percent in April to 14 percent in May. Statistics are from the Department of Employment, Training and Rehabilitation. The unemployment [...]
Stocks open up at the start of Monday’s trading session. The strong start is the result of a report that shows Europe having stronger industrial output, which rallied the euro and reassured jittery investors about the stability of the worlds economy. The Dow gained 93 points and the S&P 500 was up 116 points. The [...]
Five months after an earthquake devastated this small island country, people are still struggling to be able to get the money they need to live. The earthquake destroyed over a third of the island’s banks and ATMs and even with millions in relief pouring into the country, the people who need it the most are [...]
When their attempt to negotiate a new contract failed, Spirit Airline pilots walked off the job on Saturday. Spirit Airlines and the pilots worked through Friday night to try and hammer out a deal, but could not reach an agreement over pay. Captain Sean Creed who is the head of the Spirit pilot union said, [...]
New York money manager, Guy Albert de Chimay, was arrested this week, the day after he was indicted for grand larceny and forgery by a New York grand jury. Chimay was located and arrested in North Carolina. Chimay had been one of the featured money managers in the 2006 documentary called “Wall Street Warriors”. Perhaps [...]
Following Steve Jobs assertion that Microsoft was in a permanent decline, Steve Ballmer, CEO of Microsoft, sang a different tune concerning the future of the software company’s Windows operating system and the company’s strategy moving forward. Mr Ballmer conceded that the world of PC’s is frequently changing, but said their would be a place in [...]
A harsh statement by Steve Jobs’ has been met with surprising support. Steve has stated that systems using the Windows OS from Microsoft are not just in decline, but are in a permanent decline. Mr Jobs is the chief executive of Apple. He was speaking at the All Things Digital conference Tuesday when he said [...]