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NBC sells out Superbowl ads

The Superbowl this year will feature ads from fan favorites like Budweiser as well as questionable newcomers like Cash4Gold (yea, the same that advertises on late night cable).
Today, NBC said that it had sold all 69 ad spots for tomorrow’s “big game” for a …

Will the government take action against Wall Street bonuses?

On Thursday, President Obama called the bonuses received by Wall Street executives “shameful.” Last year $18.4 billion was paid out in bonuses on Wall Street; even with the financial markets on the brink of collapse.
So, will the government step in to regulate these bonuses? Some …

Superbowl Ad Previews

This year advertisements during the Superbowl are going for $3 million for a :30 spot. Want to see how the advertisers are spending their money this year?
Here’s a preview of some of the ads…

You can see more and “teasers” at Adweek.com

Caterpillar to cut 20,000 jobs

The largest maker of heavy duty construction equipment, Caterpillar has announced it will be slashing 20,000 jobs due to not meeting profit expectations in 2008.
Caterpillar is expecting its worst and slowest sales year since the end of World War II.
Manufacturing plants of equipment like …

GDP fell in 4Q, not as bad as investors were expecting.

As consumers cutback spending and credit markets tighten, the economy takes hit after hit and has now seen the worst growth in a quarter century.
The 4Q GDP shrank by 3.8 percent for 2008. While this number is better than some investors expected, it still shows …