For Investors: July 2008 Archives

Wachovia posted massive losses in the second quarter. We're talking in the ballpark of $8.9 billion.

The bank reported losing about $4.20 per share. This time last year it earned $1.22 per share.

If you're asking why Anheuser-Busch is selling to Belgians, the answer might be because of a fishing trip that went wrong, according to a theory reported by The Wall Street Journal.

I kid you not. Busch III apparently decided it was more important to take a phone call from the States while fishing with a big-wigs from the company that brews Corona Extra in Mexico than to continue reeling in a fish he had hooked.

He then decided to fly back to the States early, cutting short the fishing trip, the report says.

Relations between the two companies, despite a deal linking them financially, reportedly remained chilly for years.

If the Corona Extra brewer would have been willing to sell its controlling stake in the company to Anheuser-Busch, it could have helped stave off InBev's takeover of the King of Beers, or so the theory goes.

See the theory here, complete with a nice fish picture.

It's Friday so there's always time for a ridiculous YouTube video, like this one of a bunch of professional soccer players attempting to sing James Blunt's You're Beautiful and playing with a puppy in the locker room. Too funny.

(Thanks to Behindthebadge.com for this!)

And now, your business news before you head out for the weekend.

Apple released its newest toy today.

Comcast could be in hot water with the FCC.

Who knows the fate of the planned Steve & Barry's.

Harley begins layoffs.

Arm and Hammer is A'OK to Jackson Township.

I don't mean that I'm literally getting fatter over here, but I thought some of the information in this TreeHugger series is really interesting.

First the blog includes this map showing the obesity percentages in each state.