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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: sale

sale stories: 15 news summaries

(Newser) - Just how bad has California’s budget crisis gotten? So bad that it’s holding what it’s calling the “Great California Garage Sale” this weekend, hoping to unload piles of junk and wasteful property that the state’s accrued over the years. Hundreds of items will be available,... More »

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California • Arnold Schwarzenegger • sale • financial crisis • recession depression • budget crisis

 Your Lowly Penny 
 Can Actually Buy 
 Something 

Retailers lure back to school shoppers with 1¢ gimmick

Aug 19, 09 1:51 PM CDT
(Newser) - Retailers, scrambling to connect with the fragile consumer psyche, have turned to the lowly penny for a boost, offering everything from clothing to crayons for a single cent, the LA Times reports. Nearly taken out of circulation three years ago, the penny may be a lousy coin, but it’... More »

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retail • Staples • promotion • back to school • sale • Wal-Mart • OfficeMax

 Swedish Firm Nabs 
 Pirate Bay for $7.7M 

Buyers to remodel site so content providers 'get paid'

Jun 30, 09 7:00 AM CDT
(Newser) - A Swedish software company has purchased file-sharing site Pirate Bay for $7.7 million after the site was fined $3.6 million, the Register reports. “We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site,... More »

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file sharing • Sweden • website • The Pirate Bay • sale

China Won't Allow Hummer Sale: Report

Country KOs GM deal with manufacturer over environmental worries

Jun 26, 09 1:05 PM CDT
(Newser) - Beijing will halt GM’s sale of the Hummer brand to a Chinese machinery firm over pollution concerns, according to Chinese state radio. The purchase would run counter to the government’s goal of reducing pollution caused by manufacturing, the BBC reports. The Chinese firm shrugged off the report. “... More »

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China • environment • pollution • General Motors • automaker • Big Three • US automakers • sale • industrial pollution • Hummer • Sichuan Tengzhong Heavy Industrial Machinery Company

analysis

 What's the Globe Really Worth? 

Some say Times Co. should pay to dump it

Jun 15, 09 11:37 AM CDT
(Newser) - With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range... More »

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New York Times Company • David Carr • Boston Globe • sale • newspaper industry

(Newser) - Supreme Court Justice Ruth Bader Ginsburg today put a temporary stay on the sale of Chrysler to Italian automaker Fiat, SCOTUSBlog reports. Ginsburg’s motion allows the justices to further consider the matter, and either postpone the sale or let it go forward. A full postponement of the sale would... More »

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Chrysler • Ruth Bader Ginsburg • bankruptcy • mergers and acquisitions • auto industry • US Supreme Court • sale • Fiat

 GM Strikes Hummer Deal 

Buyer, price not disclosed

Jun 2, 09 7:21 AM CDT
(Newser) - General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser... More »

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General Motors • acquisition • auto industry • alternative fuels • sale • Hummer

 Playboy 
 on Block 
 for $300M 

Hef said to be loathe to part with firm

May 22, 09 1:33 PM CDT
(Newser) - With the magazine at its heart struggling against the tide of the Internet, Hugh Hefner’s Playboy empire is seeking a buyer for $300 million, the New York Post reports. That’s three times its current market capitalization, but sources say Hef won’t sell unless he can get the... More »

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magazine • American media • Playboy • sale • magazine industry • adult magazines • Hugh Hefner

Redstone Sued Over Midway Games Sale

Stake in Mortal Kombat company sold for peanuts for tax writeoff

May 14, 09 11:26 AM CDT
(Newser) - Creditors of the video-game company behind the Mortal Kombat series are suing Sumner Redstone and board members after Redstone, Midway’s former majority owner, sold the company in a “fraudulent transfer,” the Chicago Tribune reports. Creditors say the media mogul sold his 87% stake for just $100,000... More »

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fraud • Sumner Redstone • lawsuit • Mortal Kombat • sale • video games • Jay-ZTV • Midway Games • Michael Thomas

 Slumdog 
 Dad: I'm Not 
 Selling My Kid 

Rumors part of a 'dirty' media scheme, he says

Apr 20, 09 1:03 PM CDT
(Newser) - The father of Slumdog Millionaire child star Rubina Ali tells the BBC he’s not selling his daughter, contrary to a News of the World report he called a “dirty” scheme. The media “made fun of our poverty,” Rafiq Qureshi said. “They tricked us into this... More »

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adoption • India • Mumbai • child star • sale • Slumdog Millionaire • Rubina Ali • Rafiq Quresh

 Tight Times Force 
 Sentimental Sell-Offs 

But many make far less than they'd hoped from collectibles

Apr 13, 09 9:47 AM CDT
(Newser) - With money tight, many are seeking to part with collectibles they’d hoped to hold onto—and reaping smaller rewards than they’d expected, the Chicago Tribune reports. “I wanted my daughter to have some sort of family heirloom. It can’t be that way right now,” said... More »

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eBay • memorabilia • sports collectibles • sale • collectible • financial crisis • beanie babies

(Newser) - High-end eateries are rolling out three-course deals and wine specials to lure America's hungry in hard times, CNN reports. "A year ago, to be honest, I didn't have to hit that three-course menu at $35 a head," said a Manhattan restaurateur whose business is down 20%. "... More »

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restaurant • recession • deal • sale • restaurant industry

 Everything Must Go: 
 Hard Times Create 
 Yard Sale Boom 

'Thrift economy' thriving as households struggle to meet mortgage payments

Oct 25, 08 5:05 AM CDT
(Newser) - Yard sales are on the rise nationwide as the economy heads for the cellar, the New York Times reports. Flyers for sales cover lampposts in formerly booming communities as struggling homeowners seek to raise cash from selling off all the non-essentials—even children's toys. Many of the bargain-hunters are in... More »

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recession • sales • US economy • sale

$19B Buyout of Clear Channel Nearly Dead

Credit woes have sale of radio giant to private firms crumbling

Mar 25, 08 7:30 PM CDT
(Newser) - A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one... More »

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Clear Channel • Bain Capital • Thomas H. Lee Partners • privatization • bank • credit market • financial institutions • sale

Motorola May Sell Ailing Cell Phone Division

Company struggling against smart phone competition

Feb 1, 08 2:50 AM CST
(Newser) - Motorola, battered by more innovative competitors in the cell phone industry, is considering spinning off or selling its flagship mobile phone division to concentrate on other parts of its business. Motorola, which once rocked the industry with its innovative StarTAC flip phone and the ultra-slim Razr, now plans to refocus... More »

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cell phones • iPhone • Razr • Carl Icahn • BlackBerry • Motorola • market share • sale • spin-off

15 Stories


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