So now that the dust has settled, I ponder what the ultimate impact will be given the events that occurred at Satyam last week. Given that Satyam founder Ramalinga Raju admitted to falsifying the books of his firm for several years, these actions will surely cause many CIOs question their relationship with Satyam or other [...]
The Conference Board announced yesterday that the leading index continued to fall in November, down another 0.4% m/m. This is after a downwardly revised .9% percent decline in October. This decline was lead by large declines in building permits, stock prices, and initial unemployment claims. All of these issues continue to overshadow the continued positive [...]
Wow, how have times changed. The Dow Jones Industrial Average, or The DOW as it is often referred to, made its debut on May 26, 1896. Back then, it consisted of twelve little comapnies who would shape the industrial revolution of this country. Twelve years before its debut, Mr. Dow published his index in the Customer’s [...]
I just simply stopped blogging about the legal battle Citi is waging over Wachovia as there was too much going on over the past week to keep up with, but it appears, and I stress appears, that the negotiations are over. Citi has ceased negotiations with Wells and has decided not to ask for the [...]
