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PNC National City

In February 2009, PNC Financial Corporation announced it will cut about 10 percent of its workforce, or about 5,800 employees by 2011. They include about 4,000 job cuts that National City Corporation announced in October 2008 before the acquisition. The announcement came as PNC reported its first loss since 2001, in the forth quarter of 2008, a loss partly due to costs of integrating of National City Corporation into the company.WKRC-TV: PNC, Fidelity Announcing Layoffs (February 3, 2009) Bloomberg: PNC Shares Fall as Bank Reports First Loss Since ’01, Job Cuts(February 3, 2009)

updated 2010-07-17 19:02:33

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Chapter 7 Bankruptcy

In order to be eligible to use Chapter 7 bankruptcy you need to pass a means test. One way to satisfy the means test is to establish that your family income is less than the median income for families of a similar size in your state as determined by the Census Bureau. This number can and does change from year to year, so it's a great idea to check and see what the median is in your state for the current year. If your income is still higher than the median for your particular family size, a Chapter 11 bankruptcy restructuring may still be able to help.

Disclaimer: The content on this page is not a substitute for legal advice. Consult a lawyer before filing for Chapter 7 bankruptcy.

updated 2011-01-29 00:35:51

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Mesa Power

• The Energy Blog: Pickens Wind Farm to Get Underway (April 19, 2008)

updated 2012-05-02 22:10:55

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Microsoft Earnings

Technology giant Microsoft posted its third-quarter earnings on April 24, 2008. Bolstered by Xbox 360 and server software sales, Microsoft posted higher earnings than analysts had anticipated for the third quarter of their fiscal year. Even so, revenue fell to $14.45 billion and net profit went down to $4.41 billion, which pushed the per-share earnings to 47 cents. As a result, share prices dropped 5% after the report was released. Nothing in the the report mentions the proposed aqcuisition of Yahoo!.

updated 2010-07-17 15:37:59

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Steve Jobs Subpoenaed

• SEC.gov: SEC Charges Former Apple General Counsel for Illegal Stock Option Backdating (2007)

• International Herald Tribune: "Apple board defends Steve Jobs in options investigation" (April 25, 2007)

• Macworld: Analysis: Apple SEC case playing out in public (April 24, 2007)

• Macworld: Former Apple CFO resigns from board after investigation (2006)

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updated 2010-07-17 22:50:32

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Amazon Buys Audible

• Valleywag: href="http://valleywag.com/351153/ama... buys Audible.com for $300 million (January 31, 2008)

• Mashable: Amazon Dishes Out $300 Million for Audible (January 31, 2008)

• Engadget: Amazon Adds Audible to Its Digital Empire (January 31, 2008)

• GigaOM: Why Amazon's Audible Move Is Laudable (January 31, 2008)

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updated 2010-07-16 21:23:10

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Vonage

My girlfriend and I have had Vonage for years and love it. I would strongly recommend it to anyone that is tired of the higher cost of AT&T. Vonage with all of their added features also beats Comcast VOIP service.

updated 2010-07-18 02:03:27

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Chrysler Layoffs

• BloggingStocks: Chrysler slashes 12,000 (November 1, 2007)

• AutoblogGreen: 11,000 fewer jobs, two new hybrids at Chrysler (November 1, 2007)

• Joe Biden for President - Blog: Chrysler Announces 12,000 Additional Job Cuts (November 1, 2007)

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updated 2010-07-17 01:36:43

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IBM Third Quarter Profits

IBM third quarter earnings have increased 6% in the thrd quarter of 2007 as compared to last year. Revenue increased 7% from $22.6 billion to $24.1 billion, and net income increased to $2.36 billion for the quarter.

updated 2010-07-17 10:23:03

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