By: Roshawn Watson
In preparing to write my posts, I often come across noteworthy and sometimes bizarre financial and business news. Below are links to some of these sites. Enjoy!
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Posts of the Week
Madoff pleads guilty to huge financial swindle
Local pharmacist gives his employees $16,000 to stimulate his local economy
Most foreclosures occurred in few US counties
Jim Cramer says I use to manipulate markets
Watchmen has $55.7 million premiere
Business News
Burlington Coat Factory supplier caught gluing designer labels to Walmart coats
Best Buy sells busted cam blames you. Oops Employee pic
Merck to buy Schering-Plough Billion in Cash
Heat turns up on Merill Lynch bonuses (also check out BOA threatens to sue employee willing to talk about Merill bonuses)
Ford new target is $55 per hour for employees
Economy/Investing
4 states see double-digit unemployment rates
Jobless claims rise in February
Foreclosures up 30% in February
Madoff pleads guilty to huge financial swindle (POW)
Retail sales show stabilization
Jim Cramer says I use to manipulate markets (POW)
Federal Reserve wont tell Congress where bailout money went
China’s February Auto sales rise 25%
What are the odds of a great Depression
5 ways to know that the recession is over
Unemployment at 25-year high
Buffet says economy fell of a cliff and fears inflation
Banks that shunned subprime mortgages asks why it is paying extra for Wall Street’s Greed
Most foreclosures occurred in few US counties (POW)
Local pharmacist gives his employees $16,000 to stimulate his local economy (POW)
Entertainment Money News
Ashton Kutcher sells old Bachelor pad for $3.6 million
Watchmen has $55.7 million premiere (POW)
DWTS champ never took possession of $5 M but still owes taxes
The first edition of Harry Potter sells for $19,124
Offbeat News/Other