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) Debt Consolidation Advertising Traffic Jumps 600%
Adknowledge traffic in the debt consolidation services category climbed more than 600 percent in September 2007 compared to a year ago, the largest advertising category increase so far this year. Bad credit loans and loan refinancing are other categories to jump over 500 percent.. More>>
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) The Last Show In Dupont Circle
The last movie theater standing in Dupont Circle, a neighborhood once known for its small, funky, foreign and art-house film offerings, will close in January after struggling to compete with the area's bigger and newer multiplexes.AMC Loews Dupont 5 will screen its last shows Jan. 13 and leave at the end of that month when its 20-year lease expires, spokeswoman Melanie Bell said. A retail store, whose name was not disclosed by the building's owner, is expected to take the theater's place once the interior is gutted and remodeled.
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) Sir Fred’s heady firsts
Sir Fred Goodwin is on the verge of completing the impossible. From the moment Royal Bank of Scotland's chief executive approached ABN Amro in April about a break-up bid for the Dutch banking group, he has confounded the critics.Before the RBS consortium appeared, no European bank of any size had succumbed to a cross-border hostile bid. No large lender had ever been broken up into its component parts. No bidder had ever stumped up as much cash as the €66bn (£46bn) the consortium, which includes Santander and Fortis, promised to raise.
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) Stocks get slammed
Stocks tanked Monday, with the Dow posting its biggest one-day loss in more than a month, after Citigroup's weak profit report and record-high oil prices sparked a big selloff.The Dow Jones industrial average (Charts) lost around 108 points, suffering its biggest one-day point loss since Sept. 7, when it slumped nearly 250 points after a disappointing August jobs report. The S&P 500 (Charts) index lost 0.8 percent. Both indexes hit all-time highs late last week.
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) Telstra saves $33m on leases
AUSTRALIA'S largest occupier of commercial property, Telstra, has vacated 66 buildings across Australia in the past two years, shrinking its leased space by about 100,000sqm.The aggressive leasing consolidation program had yielded annualised savings of $33 million, Telstra property director Vito Chiodo said.
In Brisbane alone, the group plans to consolidate operations from eight buildings into one new 50,000sqm head office in 2009.
It expects more savings as it continues to consolidate its space requirements in Melbourne, Perth and Adelaide in the next two years.
The changes could deliver future savings of $19.2 million a year in rents, Mr Chiodo said.
Telstra employed 47,840 people, including contractors and agency staff, at June 30, 2007. More>>
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) E-mail software maker expands
Lyris Technologies found a unique path to expansion: the Berkeley software maker merged with a struggling shell company, J.L. Halsey Corp., seeing huge advantages for growth.For Lyris, the past two years have brought a transformation, with three acquisitions and employee count growing from about 35 to Halsey's current 175, with some 70 in Emeryville, now Lyris' headquarters.
For Halsey shareholders, the story has been more dramatic. Halsey was the successor of NovaCare Inc., a health services provider that sold its operations - and name - as it sank into debt in the late 1990s, after Medicare cuts hit its bottom line.
Halsey stock fell to 3 cents a share in 2002 and was at 30 cents when Halsey announced plans to buy Lyris for $30.7 million in 2005. More>>