Archive for February 19th, 2008

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With the rumored Delta (NYSE: DAL) / Northwest (NYSE: NWA) merger hanging fire [subscription required], customers of both companies may well wonder what the impact will be on their hard-earned frequent flyer miles. The answer seems to be both good and bad.

The good side is that traditionally when airlines have merged, the frequent flier miles were carried over, allowing customers to choose among an increased number of flights and destinations. There’s no reason to believe this merger will be any different.

However, as travel guru Peter Greenberg cautions in his blog, airlines merge in part to take advantage of more efficient operations; i.e., fuller flights. Fuller flights mean a diminution of available seats for frequent flyers. He advocates, and I agree, that you not wait to redeem what you can.

I also suspect it’s not a coincidence that United is going to start charging for a second checked bag, a trend I anticipate to quickly become the industry standard. Might airlines next grant customers to redeem frequent flyer miles to cover baggage costs in order to sop up frequent flyer miles at a bargain price??

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Last month, I reported that Martha Stewart Living Omnimedia (NYSE: MSO) was actively seeking an acquisition to diversify beyond its core Martha Stewart brand.

Now the company has found what it hopes is it’s missing piece, and is set to acquire superstar chef Emeril Lagasse’s [subscription required] media and licensing empire for $45 million in cash and $5 million in stock, according to the Wall Street Journal.

The purchase price will include the rights to Emeril’s television programs, syndicated episodes of the “Emeril Live” show on the Food Network, cookbooks and Emeril’s websites, and licensing deals from All-Clad cookware, W

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JS Online: Business
From the Journal Sentinel. Following is a daily listing of local and selected national business stories from the Journal Sentinel.

BUSINESS LENDERS - NEW BUSINESS LOANS - start-up businesses, brokers
Non-bank SBA lender providing business, real estate and equipment loans.

Business ideas for small business and home business. Advice, start-up
Information for home offices, small businesses, and the self employed who are looking for ideas for practical recommendations to start, run, or manage their business more effectively.

Better Business Agency
Better Business Bureaus can alert you to complaints against companies in your area.

Charter Business | Internet Services for Businesses of all sizes
Charter Business Class offers world wide web solutions for business of all sizes: metro ethernet, fiber, dedicated world wide web access, network security, offsite data storage, video, web

Business.gov - Official Business Link to the U.S. Government
Business.gov is the official business portal of the U.S. government. Business.gov provides guides and resources that help small businesses comply with Federal, state and local

Business Directory Information | Business.com
Business.com is the leading business to business search engine and directory and pay-per-click advertising network serving more than 40 million one-of-a-kind business users and thousands

Public relations, press release distribution, investor relations, SEC
Business Wire is the leading source for full-text breaking news and press releases, multimedia and regulatory filings for companies and groups throughout the world.

Business Email from Yahoo! Small Business
A full-featured business email solution from Yahoo! Small Business. Includes 5 custom email accounts, 25 MB of storage per account, and flexibility to add more accounts as needed.

Business Week
A renowned business publication. Business news, trends and profiles of successful businesspeople.

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Your Money: Personal finance news from the Chicago Tribune …
PLEASE CHANGE YOUR RSS FEED ADDRESS FOR TIMES-PICAYUNE BREAKING NEWS 9:05 p.m. …. used investor money to pay for personal expenses and business ventures. …

Foundation and Endowment Money Management

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Bill Gates says Microsoft (NASDAQ: MSFT) will chase the search business whether it purchases Yahoo! (NASDAQ: YHOO) or not. He says that the company’s mighty tech arsenal will allow it to improve the efficiency of its search results and that it can take a bigger share of that market based on that alone.

“We can afford to make big investments in the engineering and marketing that needs to get done. We will do that with or without Yahoo,” stated Gates in an interview with Reuters. For a very smart man, Gates sounds dumb.

Microsoft currently has about 11% of the search market in the US. Its global piece is even smaller. Not only does Google (NASDAQ: GOOG) have a much more massive share, it is also improving its technology as swiftly, if not more swiftly, than Redmond..

Gates may have been asked to make his comments to signal to Yahoo! that it won’t raise its offer. It only needs the search portal so much. It can reach its goal on its own.

But, behind closed doors, Gates knows better.

Douglas A. McIntyre is an editor at 24wallst.com

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