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That s p 500 declined, nascar lostering with need on address an important question. Do we have too many of everything . It sure feels like that on a day like today. Too many stores, too many trucking companies, too many airlines, too many banks, and nothing can be done about it except survival of the fittest. For the longest time the free market took care of itself. The big fed on the small. We had rational markets based on companies able to combine and take out costs. But in the last couple years, the federal government has turns violently against these deals. Were starting to see the havoc as company that grow are no longer given higher priced earnings and the government has chilled the whole darn process. I think it is a back lash to the justice departments willingness to bless too many Airline Mergers with the straw that broke the camels back with the u. S. Airlines deal. That raised prices and it changed everything. It has been downhill for mergers ever since. Think about what has
New-yorkUnited-statesShanghaiChinaGermanyTexasWashingtonMinnesotaIllinoisCaliforniaWisconsinMichiganHeadlines. Ibm will stop reselling technology. Theyre trying to steer customers to ibm products. That is according to an internal memo. This is a big blow to net apps. The founder and ceo is worth 1. 6 billion after his company went public. It sells all sorts of products directly to consumers. It is the biggest Chinese Internet Company in the u. S. For now. It is a massive deal expected later this year. Google ranks as the Number One Company for pay and benefits in a new glassdoor survey. Tech companies dominated. Intuit at number six. The survey found that the average base salary is 128,000. That is slightly lower than apple. To our lead story. Hewlettpackard is facing a critical time in its history. Sales fell 1 in the second quarter. This was the 11th straight quarter that sales have declined. The company did post a higher profit. Stock is gaining today. There were new cost cuts. The total number of cuts is nearly 50,000. For meg whitman, cutting costs is one thing was stop boosting
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