I didn't know they had 90 jobs left to cut

File today’s news in the “sure bet” file.  Big bet it was. The thing is… all those IRR NPV calculations on the cost-benefit of allthose subsidies?  Just a tad off in their assumptions I bet.  Folks have begun to forget the late 1990’s when support of USAir(ways) and airport based economic development was the key . . . → Read More: I Didn’t Know They Had 90 Jobs Left to Cut

Global Aluminum Demand Rebound is Largest in Nearly 15 Years

Aluminum demand rebounded 14 percent in 2010, the biggest increase since at least 1996, according to data compiled by Bloomberg and reported on Monday. The worlds largest aluminum producer, Alcoa also reported that global consumption will likely continue to increase in 2011 — probably by at least 12 percent.

Alcoa also reported its highest . . . → Read More: Global Aluminum Demand Rebound is Largest in Nearly 15 Years

Biz Friendly Pennsylvania

I need to apologize.  I have been harshing on the Marcellus Shale Coalition for their loud calls for boycotting the City of Pittsburgh and asking why they do not engage in similar tactics with New York State which has a much more extensive moratorium on Marcellus Shale development.  Yet, I guess I was wrong . . . → Read More: Biz Friendly Pennsylvania

Pittsburgh Wants Your Business

CNN has us as first of 8 ‘cities’ that want your business: http://bit.ly/fwHNLK

Governments Riding in to Rescue Firms

What is a government to do when a company faces a near-death situation? In almost all cases, the right answer is to let the company go under: It is not the job of a government to prevent companies from dying. Indeed, creative destruction is central to the proper functioning of capitalism. Capitalism without failure . . . → Read More: Governments Riding in to Rescue Firms

General Motors: “Extraordinary Turnaround”

On Thursday, General Motors Corp. posted its best quarterly profit in six years in one of the clearest signs yet the ailing automaker (and its beleaguered industry) is on a road to recovery.

The record profits were posted slightly more than 12 months after a steep drop-off in sales caused by the financial crisis . . . → Read More: General Motors: “Extraordinary Turnaround”

The Business Behind Facebook

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Facts About Craiglist

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eBay: The Giant Marketplace

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Flu down; Profit Up at Aetna

On Tuesday Aetna Inc. lifted its 2010 earnings forecast a second time after the firm reported milder-than-expected flu season. The good news about flu this year tacked one more positive in an earnings season that has been dominated by profit results and increasingly positive projections.

The firm now projects that their operating earnings may . . . → Read More: Flu down; Profit Up at Aetna