Description: Automaker restores white-collar staff’s paychecks after temporary reductions made four months ago. Source: CNNMoney.com Date: 9/11/2009 Keys: Cash flow, budgeting Link:Â http://money.cnn.com/2009/09/11/news/companies/gm_ends_pay_cuts.reut/index.htm?postversion=2009091111 Questions for discussion: Why is this news significant for GM? Explain your answer. What does this suggest about operations and cash flow? Explain your answer.
Monthly Archives: September 2009
Cadbury Chairman Rejects ‘Low-Growth’ Kraft’s Offer
Description: — Cadbury Plc, the world’s second- biggest confectionery company, said an unsolicited takeover offer from Kraft Foods Inc. is an “unappealing prospect†due to its rival’s business model and “lower growth†prospects. Source: Bloomberg.com Date: 9/12/2009 Keys: Mergers and acquisitions, stock market Link: http://www.bloomberg.com/apps/news?pid=20601103&sid=a1pWbUXjfhaU Questions for discussion: Comment on the valuation offered by Kraft?… Read more »
Motorola shares jump on hopes for Google phone
Description: Motorola Inc shares rose 6.5 percent on Friday on hopes the company could turn around its loss-making handset business with the new cellphone it developed with Google Inc. Source: Reuters.com Date: 9/11/2009 Keys: Marketing, stock market, finance, technology Link:Â http://www.reuters.com/article/technologyNews/idUSTRE5884AQ20090911 Questions for discussion: Do you think Cliq will find a share of the smart… Read more »
Atlanta Fed sees turnaround
Description: Executives, policy makers & educators at Emory’s School of Business opine on the state of the recovery in a NYSE panel. Source: CNNMoney – video report  Date: 9/04/2009 Keys: Economy, consumer spending Link: http://money.cnn.com/video/news/2009/09/04/n_emory_fed_home_depot.cnnmoney/ Questions for discussion: Summarize the comments made about the state of the economy. What is your own view of… Read more »
New owners plan to supercharge Skype
Description: All you 480 million Skype users out there should be rejoicing today, now that the Internet calling and video service has been freed from the clutches of eBay. As was announced this morning, eBay is selling a 65% stake in Skype for $1.9 billion in cash to a group of private equity shops and… Read more »
SEC May Send Staff to ‘Fraud College’ to Detect Future Madoffs
Description: The Securities and Exchange Commission may create a “fraud college†to train staff in detecting market abuses after the agency failed to stop Bernard Madoff’s $65 billion Ponzi scheme, Chairman Mary Schapiro said. Source: Bloomberg.com Date: 9/03/2009 Keys: SEC, stock market, fraud Link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aO6As7nsq.wo Questions for discussion: Do you think this effort will help… Read more »
Dainippon to buy US drug firm Sepracor for $2.6 bln.
Description:Â Â Dainippon Sumitomo Pharma Co Ltd (4506.T) agreed on Thursday to buy U.S. drugmaker Sepracor Inc (SEPR.O) for $2.6 billion, giving the Japanese firm a big, local sales force in the world’s largest drugs market. The deal is the latest in a string of overseas acquisitions by Japanese drugmakers keen to grow outside a mature… Read more »
