Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Monday Morning Quick Hits | March 9, 2009

Merck and Schering-Plough announced a $41B merger this morning. While neither company has struggled tremendously financially, both have scaled back jobs.

Capital One said this morning that they would slash their dividend by 87% to 5 cents/share amidst rising credit card losses. All I can say is that you reap what you sow.

Publishing giant McClatchy will cut 1,600 jobs as the newspaper industry continues to get hammered. The Rocky Mountain News, Denver’s oldest print newspaper shut down two weeks ago, and the San Francisco Chronicle is slated to close by the end of spring if ad revenues don’t pick up.

The United States will push other world leaders to enact larger stimulus plans as the global economy sinks further into a recession.

Stocks are set to open lower this morning.


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