Late Night News - Jan. 19

Cadbury’s chairman confirms to BBC that job losses are inevitable.

Also , as well as diluting shares, Kraft has to borrow $11.5 Billion to fund the takeover:

http://news.bbc.co.uk/1/hi/business/8468540.stm

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

Kraft to pay $20.28 Billion to take over Cadbury, to become one of the biggest snack food manufacturers in the world, massive job losses expected:

http://www.news.com.au/business/kraft-snares-cadbury-in-mega-takeover/story-e6frfm1i-1225821458466

Japanese Airlines shares crash to 2 Yen, as goes into bankruptcy, with 2.32 Trillion Yen liabilities, making it the biggest non-financial company collapse in Japanese history:

http://www.nni.nikkei.co.jp/e/fr/tnks/Nni20100119D19JFN05.htm

Global CIO: IBM Iowa’s Birthday: IBM Gets $52M, But What Does Iowa Get?

http://www.informationweek.com/news/global-cio/security/showArticle.jhtml?articleID=222301244&tcss=global-cio

IBMs’s CEO Sam Palmisano is the Biggest Outsourcer of US Jobs Out of The Country

http://bizcovering.com/major-companies/ibms%E2%80%99s-ceo-sam-palmisano-is-the-biggest-outsourcer-of-us-jobs-out-of-the-country/

Now it seems that everyone knows about the manipulations. Bloomberg interviewed Charles Bidenberg today from TrimTabs who makes a very good case about it

http://www.bloomberg.com/avp/avp.htm?N=video&T=Biderman%20Interview%20About%20U.S.%20Stock%20Market%20&clipSRC=mms://media2.bloomberg.com/cache/vHxgc2hxs3yk.asf

- LearnFromMistakes

Related Posts:

• Late-Night News - Feb. 16
• Debt default crisis continues:
• Morning News - Feb. 26
• The beginning of the Second Great Depression:
• Not only are Asian markets hit hard by monetary tightening.

Leave a comment