photo by dogfrog
Quote for the day:
“If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.”
- John Paul Getty
In the news:
Microsoft makes a hostile bid for Yahoo at $44.6 billion at a 62% premium over Yahoo's closing price yesterday.
Mixed employment news: Nonfarm payrolls: Off 17,000 - first contraction in 4 years • Unemployment rate: improves to 4.9% from 5.0% • Average hourly wage: Up 0.2% • Average workweek: 33.7 hours
If you owe the bank $7 billion, then it can get complicated as Macklowe is finding out. Sphere: Related Content
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