Nothing says “rock and roll” like an awesome social-media presence. With that in mind, Fanbridge — a company that creates a “bridge” between “fans” and artists, if you will — has closed a deal to buy Damntheradio — a company that facilitates artist audience growth on Facebook, the radio be damned (if you will). TechCrunch Read More
Sen. Al Franken announced yesterday that he would be fighting Comcast’s right to retool NBC’s executive structure prior to the merger’s regulatory approval, writing a letter with complaints to the Justice Department that cried “gun-jumping” on the part of the imposing cable behemoth. If the department hears Franken’s claim that the proposed executive Read More
Great news: The job market is flourishing — for bankers whose job includes telling companies how to lay people off! Investment banks are getting ready to do some major mergers and acquisitions in the coming year, and as a result are hiring like the dickens, The New York Times reports.
To hear former Labor Read More
An article in the U.K.’s Daily Mail says, citing “rumours,” that a group of private equity firms are aiming to buy Saks Incorporated. The Mail pegs the purchase price, which it says could be made public soon, at $1.7 billion, or $11 a share.
The purveyor of Gucci handbags and other fashionable wears has lately seen its prospects Read More
• Not content with the disaster it created in the Gulf of Mexico, BP also released a bunch of hazardous chemicals into the air at one of its Texas refineries, adding “maybe giving kids cancer” to its already impressive 2010 resume. [NYT]
• Even though Ben Bernanke said the Federal Reserve will take action if the economy Read More
The US Dept. of Justice has okayed a merger of United Airlines and Continental Airlines. The deal is worth $3 billion and according to the Times, Justice Dept. approval lifts “the biggest regulatory hurdle to the creation of the world’s top airline.”
The DOJ posted a statement regarding the merger on Read More
• In accordance with the past few weeks’ spate of mixed economic indicators, the Bureau of Economic Analysis said the U.S. economy grew at an annual rate of 1.6 percent in the second quarter — slower than the government’s initial estimate of 2.4 percent but faster than economists had expected. [Bureau of Economic Analysis / Bloomberg]
• Investors Read More
