Biz Bites

Written by Marin Resnick on . Posted in Posts.

At the moment….Stocks are up as the European Central Bank pumped $65.28 billion dollars to bail out the euro zone money markets, who put way too much money into the U.S. Subprime Lending Companies. On Friday, Bernake helped us out by injecting $38 billion down at Wall and Broad.  This morning, the Fed said it would add $2 billion more dollars in a one-day repurchase…

New York-Based Goldman Sachs Group is putting $2 billion into their Global Equity Opportunities Fund after it dropped 30% last week. Another $1 billion will come from New York-based C.V. Starr & Co., Perry Capital LLC and Eli Broad. Per the Wall Street Journal, the executives denied that the equity infusion was a bailout of the fund. Instead, they said the investment simply represented a good opportunity for Goldman and the other investors, given the recent market turmoil….

Sesame Street Toy Maker Committed Suicide on Saturday afternoon at his factory’s warehouse in China. His company made about 1 million toys, including characters from Sesame Street and Nickelodeon, that may’ve been tainted with lead paint…
Flashback, 1929?

Photo courtesy of Helico on Flickr.