Business 
Make mine a mocha-layoffa-chino please…(0)
Starbucks, the nation’s left-wing-nutjob-8-dollars-a-cup-of-joe shop, has finally figured out the economy is slowing down. I suppose when gas costs more than four bucks a gallon - getting that mocha frappachino for six bucks doesn’t seem like such a good idea. Starbucks Corp. announced today it will close 600 company-operated stores in the next year. The [...]
General Motors suffers $3.3B first quarter loss
DETROIT (AP) — General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
The nation’s biggest automaker also cut its industrywide U.S. sales outlook for the year. The company disclosed earlier [...]
Buy on the Rumors… Sell on the News….
Lehman beat expectations this morning in earnings:
AP
Lehman Profit Falls 57 Percent
Tuesday March 18, 9:17 am ET
By Stephen Bernard, AP Business Writer
Lehman Brothers Earns $489 Million During First Quarter, Beating Analyst Expectations
NEW YORK (AP) — Investment bank Lehman Brothers Holdings Inc. said Tuesday its fiscal first-quarter earnings fell 57 percent due to a steep decline in [...]
Lehman Brothers Denies “they’re next”… Wall Street Disagrees
Today, shares of Lehman fell dramatically on rumors that they might be “next” in losing liquidity among the Wall Street brokerage houses. The attached story ran today on the wires:
AP
Lehman Brothers Drops on Investor Fears
Monday March 17, 3:09 pm ET
Lehman Brothers Plunges; Analysts Doubt the Investment Bank Is Next Credit Crisis Victim NEW YORK (AP) [...]
