The Inquisitr » cnbc http://www.inquisitr.com The Better Mix Wed, 25 Nov 2009 08:27:20 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Rick Santelli flips out over foreclosure relief (video) http://www.inquisitr.com/18433/rick-santelli-flips-out-over-foreclosure-relief-video/ http://www.inquisitr.com/18433/rick-santelli-flips-out-over-foreclosure-relief-video/#comments Thu, 19 Feb 2009 23:06:47 +0000 Duncan Riley http://www.inquisitr.com/?p=18433 rick-santelli

CNBC’s Rick Santelli isn’t a happy man.

In a cross to the trading floor of the Chicago Mercantile Exchange, Santelli, backed by a cheersquad of traders rallied against President Obama’s plan to not immediately foreclose on homeowners behind on their mortgages because it rewards bad behavior.

“You know,” Santelli said “Cuba used to have mansions and a relatively decent economy. They moved from the individual to the collective. Now they’re driving ‘54 Chevys.”

Strangely I don’t disagree with a thing he said, but only on the grounds that the banks shouldn’t have been rewarded for behavior far worse than any average homeowner to begin with. If the money is going to be spent, it’s only fair that it gets shared around.

Here’s Rick Santelli flipping out on CNBC:

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]]> http://js-kit.com/rss/www.inquisitr.com/p=18433 20 rick-santelli Another day, another round of cuts: Viacom 850, CNBC 80 http://www.inquisitr.com/10744/another-day-another-round-of-cuts-viacom-850-cnbc-80/ http://www.inquisitr.com/10744/another-day-another-round-of-cuts-viacom-850-cnbc-80/#comments Fri, 05 Dec 2008 00:50:36 +0000 Duncan Riley http://www.inquisitr.com/?p=10744
train wreck

Media giant Viacom has announced a 7% reduction in its workforce, or 850 employees.

Viacom said in a statement that cuts would be implemented across all divisions of the company, which includes MTV Networks, BET, Paramount Pictures and DreamWorks movie studios. The restructuring and write-down will result in a pre-tax charge of $400 million to $450 million in the fourth quarter of 2008, but will deliver a result in pre-tax savings of $200 million to $250 million in 2009.

The New York Post reports that cable channel CNBC is expected to deliver 80 pink slips today. The report notes that CNBC has been spared cost-cutting efforts conducted by NBC to date.

Parent company NBCU announced a 3% across the board cut in October.

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]]> http://js-kit.com/rss/www.inquisitr.com/p=10744 0 train-wreck More Market Quotes Made Available http://www.inquisitr.com/1234/more-market-quotes-made-available/ http://www.inquisitr.com/1234/more-market-quotes-made-available/#comments Tue, 24 Jun 2008 14:28:14 +0000 JR http://www.inquisitr.com/?p=1234 The New York Stock Exchange is now offering real-time data online at no cost to the user.

NYSE Realtime Stock Prices launches today with instant info being made available at Google and CNBC. Both sites pay NYSE a flat monthly fee for the service.

The move follows a similar online option introduced by NASDAQ last month.

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]]> http://js-kit.com/rss/www.inquisitr.com/p=1234 5 nyse