September 1 Biz Minute
In a deal announced this morning, eBay has agreed to sell Internet calling service Skype to a group of investors for $1.9 billion in cash, $125 million in short-term debt, and it will retain a 35% stake in the company.
Ford said today its U.S. sales in August rose 17.2 percent over last year, fueled by the Cash for Clunkers program. Meanwhile, low supplies of fuel-efficient vehicles at Chrysler kept that automaker from taking full advantage of the program.
Bank of America is offering to repay part of the government bailout money, starting with the $20 billion it received in January to help with the Merrill Lynch acquisition. The repayment would remove the bank from the list of “exceptional” aid recipients, a designation that brings more congressional scrutiny.
The sluggish economy took a toll on U.S. advertising spending in the first half of 2009 to the tune of a 15.4% decline, Nielsen announced today, reflecting the steep declines at television stations, newspapers, national and local magazines alike.
According to a J.D. Power and Associates poll released today, it seems U.S. consumers satisfaction with credit cards plummeted in 2009, driven by anger due to more fees and higher interest rates as the same companies started receiving billions of dollars of taxpayer money in federal bailouts.
Duration : 0:1:37
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