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Virgin America soars in its third quarter

Filed under: Company News, EarningsVirgin America has cracked the airline growth code in the U.S. Despite a travel market slump that shows almost no signs of recovering and an industry with perpetual...

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This Week, Social Media Sold Out and Became Social Marketing

Filed under: Technology, MediaIt didn't take long for brand managers and manufacturers of all types to realize the opportunities afforded by social media. Almost as soon as each new platform appeared,...

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Boards of Directors Are Doing More to Earn Their Keep

Filed under: Energy, Economy, Goldman Sachs , Morgan Stanley , Apple, American International Group, One Year LaterSitting on a corporate board of directors has always been great work if you can get it,...

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Insurers Will Come Back to Hedge Funds in 2010

Filed under: Investing, Marsh & McLennan Cos, American International Group, One Year LaterInsurance companies cut their hedge fund allocations in 2009, but the sting of the financial crisis will...

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Facebook's New Privacy Settings Spark a Public Spat

Filed under: Technology, Media, FacebookIt was only a matter of time until someone decided to challenge Facebook legally. Social media and privacy are constantly at odds, with service providers trying...

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Seven More Banks Fail, Bringing Total to 140

Filed under: EconomyThe financial crisis has claimed seven more banks, bringing the total number of casualties this year to 140. The FDIC took over all seven of them: Two large banks in California, and...

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Banking Liability Litigation Drops, Making Insurance Cheaper

Filed under: Investing, Marsh & McLennan Cos, American International Group, One Year LaterThe up-tick in equity markets may leave lawyers in the lurch. We all waited for litigation to surge...

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Reinsurers to Take it on the Chin: Rates Likely to Fall 9% in January

Filed under: Investing, American International Group, One Year LaterThe Jan. 1, 2010, reinsurance renewal is approaching fast, but a quiet year for catastrophe losses is causing the annual ritual to...

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Cat Bond Market Pushes Past $3 Billion

Filed under: Economy, Investing, Goldman Sachs , Marsh & McLennan Cos, American International Group, TravelersMaybe now people will believe that the catastrophe bond market has recovered fully....

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Insurers Feeling the Urge to Merge in 2010

Filed under: Economy, Investing, American International GroupM&A will likely dominate the insurance and reinsurance market next year, as stronger balance sheets inspire firms to look for growth...

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Facebook 'Friending' With Benefits Is Benefiting Divorce Lawyers

Filed under: Technology, Media, FacebookSocial networking sites have developed an unusual, but perhaps unsurprising, new fan base: divorce attorneys. More and more divorce petitions are mentioning...

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Judge nixes mandatory condoms in porn flicks

Filed under: Health Care, MediaThe porn business is going to keep its elbow room. A petition by an AIDS advocacy group to require that adult film companies use condoms when shooting movies has been...

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Is Twitter Really Profitable? Do the Math

Filed under: Technology, MediaWhen reports of Twitter's profitability came out, it seemed like a great underdog story. Social media critics have long blasted the microblogging platform for its lack of...

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Even Porn Stars Get the Recession Blues

Filed under: Technology, Economy, Media At the Adult Entertainment Expo four years ago this month, I passed through the security checkpoint at The Sands Hotel in Las Vegas -- and was struck by the...

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After 2009, Private Equity Fund-Raising Has Low Expectations for 2010

Filed under: Economy, InvestingThe private equity sector suffered severely in 2009. The late 2008 financial crisis shaped the year that followed it, constraining institutional investor capital and...

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Help Wanted: Twitter Seeks Staff Who Can Shake Its Monetizer

Filed under: Technology, Media, Google , MicrosoftTwitter is looking for money-makers. The microblogging service, which has convinced close to 60 million people to communicate in 140 characters or...

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Is the Art Market Bust Finally Over?

Filed under: Economy, InvestingIf the recent art market boom had a poster child, it may have been the British painter Lucian Freud. Before the boom ended suddenly in summer 2008, Freud's paintings...

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Initial Penthouse Offering, Take Two: Go Public or Go Bust

Filed under: Company News, MediaFriendFinder Network needs money ... fast. But, this is nothing new. The weight of hundreds of millions of dollars of short-term debt and no way to repay it has prompted...

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Christie's Is Ready to Share the Risk in Art Market Recovery

Filed under: Company News, Economy, InvestingChristie's International (CRUPF) expects to have a better year in 2010 than it did in 2009, a goal which shouldn't be too difficult for the auction house to...

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Is Twitter Slipping or Regrouping?

Filed under: Technology, Media, Google , MicrosoftTaken as a whole, 2009 was a great year for Twitter. The white-hot social media site approached a membership of 58 million registered users, each...

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