MetaFilter posts tagged with bigbusiness

A Childhood Friend Commits Suicide

jdroth — Wed, 07 Sep 2005 10:15:45 -0800

Marvel to finance up to ten new films — Marvel Entertainment has received a line of credit to produce new superhero films. The characters in the arrangement are Captain America, The Avengers, Nick Fury, Black Panther, Ant-Man, Cloak & Dagger, Dr. Strange, Hawkeye, Power Pack, and Shang-Chi. "These movies are tentpoles for either summer or the holidays," said Marvel chairman and CEO, Avi Arad. Right. Because who wouldn't want to see a film about Hawkeye? Or Ant-Man? I can't wait! (Related: how to make a superhero movie that doesn't suck. My first thought? Have a superhero that doesn't suck.)

Sony, BMG Merge into One Grotesque Abomination

amandaudoff — Wed, 21 Jul 2004 10:28:37 -0800

Sony, BMG Merge into One Grotesque Abomination. Sony Music and BMG combine to form the second largest music label in the world. Current plans? Layoff a bunch of employees. Future possibilities? Dropping lesser known bands.

Big Business as Usual.

fold_and_mutilate — Wed, 07 May 2003 12:33:52 -0800

Big Business As Usual. "In announcing their record settlement with 10 Wall Street firms accused of misleading investors with bogus recommendations, [the Securities and Exchange Commission] also released new e-mail records showing stock experts chortling about how they were making out like bandits at the expense of the average investor", and revealed troubling insights into the way Wall Street really works: "Merrill Lynch initiated coverage of LFMN on September 28, 2000 with a 2-1 [10-20% appreciation forecast short term, 20% appreciation forecast long term], when LFMN traded at $22.69. At that time, Merrill Lynch was pursuing an investment banking relationship with LFMN. After Merrill Lynch initiated research coverage, LFMN's price declined to the....$3-5 range in December. On December 4, 2000, Blodget e-mailed a fellow analyst,'LFMN at $4. I can't believe what a POS [piece of shit] that thing is. Shame on me/us for giving them any benefit of doubt.' Merrill Lynch's research report on LFMN dated December 21, 2000, [reiterates] a 2-1 rating..."
And the "record settlement" with these common swindlers in three piece business suits from our brave SEC? For Wall Street, Fines Are A Day's Pay.

Markb — Mon, 09 Apr 2001 06:54:55 -0800

'The deadliest threat facing democracy today?' Noreena Hertz thinks that governments' steady withdrawal from running their own countries' affairs and the concessions made to big business are leading to a society which has lost faith in the political process. I guess there are a few people in California at the moment who'd agree.