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!
I am especially appreciative to Miss Money, Good Financial Cents, Gather Little by Little, and Little Miss Know it all. Our post “Luxury Goods Are the New Porn” was included in the festival of frugality and the money hacks carnival. The carnival of twenty something finances included our The Thrift Paradox: Is Frugality Hurting the Economy? post. I appreciate all four sites for the links. Thanks for spreading the word!
Posts of the Week
Pfizer to buy Wyett for $68 billion as Lipitor goes off patent
$25 million John Travolta extortion plot
Ex-Lehman boss sold $14 million mansion to wife for $100 (POW)
Obama officials tell Citibank to ditch plans to purchase $50 million private jet
Lending drops at big US banks
McDonalds to open 1000 new stores
Pfizer to buy Wyett for $68 billion as Lipitor goes off patent (POW)
Starbucks to cut 6700 jobs, 300 stores close and profits drop 69%
Ford says it does not need any more government loans
AIG ex-executive sentence to 4 years in prison for $500 million fraud
Merill Lynch pays $4 billion in bonuses 3 days before being taking over by BOA and posted $15 billion in losses during the 4th quarter (POW)
Real Estate Money News
Home prices keep dropping and their not done falling yet
Economy
Stores You Won’t be Shopping at in 2009 (check out my commentary on this article)
Companies will lay off more workers and hoard more cash during the next 12 months
Entertainment Money News
Thriller director suing Michael Jackson
$25 million John Travolta extortion plot (POW)
Bon Jovi sued for football fumbling
Album sales this week: Taylor is still at number 1 (eight weeks)
David Beckham Sued over bodyguard’s pap smack
Janet Jackson’s Japanese tour put on hold due to economic concerns
$30,000 in designer clothes stolen off the Lipstick Jungle set
Offbeat Money News
Some panhandlers making $400 per day (POW)