NBC Universal, a division of the GE group, has agreed in principle to buy the Weather Channel for $3.5 billion. While that may seem like a great deal of money, it is important to keep in mind that the Weather Channel was originally asking a brisk $5 billion for their network.
NBC Purchases the Weather Channel for Cool $3.5 Billion
What Recession? Tech Jobs Booming in the US
For high school or college graduates just venturing out into the working world, technology may be the answer to the question, “where are all the good jobs?” A survey just released by AeA, a technology polling group, shows that the tech industry continues to grow at a healthy pace, despite recent fears of recession and hiring freezes.
New Survey: Students Find IT Jobs “Boring”
These days, many people are complaining about a lack of well-paid job vacancies. But in fact, there are plenty of jobs available in the technical and IT-related fields. Many employers claim they are struggling to fill job vacancies with qualified applicants who have Internet technology credentials. And even though the prospects for IT jobs are very positive, many students avoid studying computer technology because of a perception that such jobs are “boring.”
US Economy: Teens Facing a Tough Job Market
The recent souring of the US economy has hit the retail and service industries particularly hard. It should come as no surprise then, that the job market for teenagers in 2008 is expected to be the weakest in 50 years, according to an article published Sunday in the New York Times.
Australians Angry about eBay’s PayPal-Only Rule
Australian eBayers are up in arms over a new policy by the company to accept only PayPal as payment for online auctions. The fact that eBay owns PayPal is causing critics to charge a conflict of interest, and the new rule is being widely protested by professional eBay sellers in Australia.
Recession Fears Overblown? US Service Sector Expands in First Quarter of ‘08
If you’ve watched the network and cable news at all over the past few months, you might be forgiven for thinking that “the sky is falling” when it comes to the US economy. News anchors, journalists and pundits have been talking “recession” nearly nonstop recently, but surprisingly, many indicators suggest that the US economy is more resilient than we’ve been led to believe by the 24 hour news networks.
Blockbuster Goes After Circuit City in Hostile Takeover Bid
Shares of Circuit City stocks rose dramatically this morning after it was announced that Blockbuster Inc. has offered to buy out the electronics retailer at about seven dollars per share. Curiously, Blockbuster shares have been down for the last several quarters, leaving many Wall Street analysts scratching their heads, wondering why the company would choose to go after Circuit City at this time.
Yahoo Employees Fear a Humorless Workplace Under Microsoft
As a company, Yahoo has always been just a little bit different. Yahoo’s Silicon Valley “campus” is arguably the most collegiate corporate headquarters of any major company in the United States, with a distinct and often irreverent culture that is the antithesis of many modern corporations — including that of Microsoft Inc.
US Housing Market: Bad for Owners–Good for Buyers
What in the world is going on with the real estate market in the United States? It appears that the American housing market slump hasn’t quite reached its bottom yet, and may continue to slide through spring 2008.
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