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P2PCottage industry thrives on bypassing banksSubmitted by cahn on 19 July, 2009 - 4:15pm
Scott Langmack has given more than US$600,000 in unsecured loans to strangers. "I can reliably get 12 per cent, worst case 9 per cent," said Mr Langmack, 50, a former Microsoft marketing executive who began investing in so-called peer-to-peer lending last year. "I can't find anything that gives me this kind of confidence." »
What did I say then?News Corp. vs. ComcastSubmitted by cahn on 12 February, 2004 - 7:13amI want to play it like them, too! Comcast makes $66bn hostile bid for Disney | FT Comcast unleashed a bold step in the consolidation of the global media business with an announced $66bn hostile bid for Walt Disney. DirecTV raises stakes in cable war | FT The new management team at DirecTV, the satellite broadcaster controlled by Rupert Murdoch, yesterday promised to sign up 3m subscribers during the next three years as it raises the stakes in the battle for control of the US television audience. Chase Carey, the News Corp veteran who is now president and chief executive of Hughes Electronics, DirecTV's parent company, said 2004 would be a year of transformation. He listed a string of priorities designed to make the business more competitive. »
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