Word: presse
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...union and bondholders that the government is dead serious about implementing a major restructuring of both companies - and won't wince at bankruptcy if that's what is required to get the job done. GM's new CEO, Frederick A. Henderson, basically repeated that message at his Tuesday-morning press conference, even going so far as to say that bankruptcy was now "more probable," though not desirable. (See pictures of the remains of Detroit...
...Because Facebook and MySpace are so pervasive and such a significant part of online culture, the press is endlessly fascinated by what goes on at the companies. Word got out that Facebook was raising money. Then it fired its chief financial officer. Analysts started to speculate that the company was low on cash. Facebook, of course, said that no such thing was true. (Read "25 Things I Didn't Want to Know About...
...press coverage of Google this week included a few pathetic announcements. Disney (DIS) will put some of its premium content on Google's YouTube. That should be good for $10 million in revenue a year. Google is starting a $100 million venture capital arm which will make it the 1,000th largest venture operation in the world. In other words, it will not be managing enough venture money to matter. Then word came out that Hewlett-Packard (HPQ) might use Google's operating system in some of its netbooks instead of Microsoft Windows. The important word in that report...
Much like the rest of its industry, Harvard University Press is feeling the strain of the national economic downturn. Mary Kate Maco, publicity director of HUP, said that although the Press does not have specific numbers yet, she expects that sales declined similarly to the national average of 10 percent calculated by the American Association of University Presses. The AAUP’s recently-published survey reported that its member presses’ sales in both units and dollars are down roughly 10 percent for July through December of 2008 from the same period in 2007. Maco said that...
...comedian to be selected. In past years, the subcommittee of the Senior Class Committee responsible for selecting a Class Day speaker had alternated between comedic personalities such as Conan O’Brien ’85 and Sacha Baron Cohen, and more serious figures like former Meet the Press host Tim Russert. “It’s a more lighthearted day, but that doesn’t mean just comedians,” Seegars said. After hearing of Lauer’s selection, one senior created a Google Document online where seniors could write the names...