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Goldman CEO Blankfein warns 'fiscal cliff' threatens confidence in U.S. economy

Tuesday, October 2, 2012 - 02:00 John Moore/Getty Images Lloyd Blankfein, Chairman and CEO of Goldman Sachs. Marketplace Morning Report for Tuesday, October 2, 2012 Jeremy Hobson: Lloyd Blankfein, the chairman and CEO of Goldman Sachs -- he rarely does interviews, but he decided to take a few minutes to sit down with us. Lloyd Blankfein, welcome to Marketplace. Lloyd Blankfein: Thank you. Hobson: Well, a lot of ordinary Americans are listening to this are going to hear that the head of Goldman Sachs, which for some epitomizes what they don’t like about Wall Street is putting on a conference to help small businesses, and they are going to ask ‘what’s this all about?’ Blankfein: Well, we’ve had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners. Now, these are people who are not going to start small businesses, in many cases these are small business ...

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Instagram beats Twitter in user engagement

Thursday, September 27, 2012 - 22:57 THOMAS COEX/AFP/GettyImages A man shows the smartphone photo sharing application Instagram on an iPhone on April 10, 2012 in Paris. People are spending more time sharing photos on Instagram than they are writing or reading on Twitter .  The new numbers are a surprise, given how Twitter-style microblogging is supposed to change the way we interrelate. But sending a picture of Dmitri the goldfish via Instagram? Slate Magazine's tech blogger Will Oremus says this tells us something important about being human. "Instagram has been able to capitalize very, very rapidly on that impulse that we all have to snap a picture," Oremus says. "Twitter is a bit of a different proposition. For all of the stereotypes about people just Tweeting about their lunch, it does require some intellectual confidence." So, the world has more snap-happy camera phone users than tortured writers, even writers who love brevity. In April, Facebook bought Instagram for about a billion ...

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Economic confidence varies from street to C-suite

Wednesday, September 26, 2012 - 12:32 iStockPhoto While consumer confidence may be higher, business executives are less bullish. We got new information about what executives think about the economy today. And it seems many CEOs are pretty pessimistic. Two surveys -- Deloitte's North American CFO Signals survey and the Business Roundtable’s CEO Economic Outlook Survey -- come on the heels of some good economic news: consumer confidence improved and there are signs that the housing market is improving. But according to Greg Dickinson, director of the Deloitte survey, the economy can look different from the “C-suite,” the part of corporate headquarters where executives -- CEOs and CFOs -- work. Deloitte surveyed 100 CFOs, and many of them are not optimistic about the next 12 months. “A lot of how you see the world depends on where you sit right now,” he said. “It seems like there’s a bit of a perfect storm of tough circumstances that are making CFOs more pessimistic." Through ...

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Village Voice to cut ties to sex ad business

Monday, September 24, 2012 - 13:23 Village Voice A sign for the Village Voice. The Voice's decision to cut ties to a sex ad business is a hit to revenue. But other alternative weeklies are surviving without adult classifieds. The Village Voice and other big names in the alternative weekly world want out of the sex ad business. A deal announced today will separate the Voice and other alternative news outlets from Backpage.com, which has drawn enormous controversy and legal attention amid accusations the site’s adult classified ads enable prostitution and child trafficking. The move highlights the unique business model of the alternative press, which has always drawn on ads from businesses that either wouldn’t or couldn’t advertise in mainstream papers. Businesses like nightclubs, holistic medicine and organic grocers just feel more at home in alternative media, using their marketing budget on weekly papers with a targeted readership, rather than more expensive daily newspaper ads. Most ...

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A new new strategy for Yahoo coming soon

Monday, September 24, 2012 - 13:35 Justin Sullivan/Getty Images The Yahoo logo is displayed in front of the Yahoo headquarters in Sunnyvale, Calif. New CEO Marissa Meyer is expected to use her Google experience to jump-start growth at the Internet giant. Two months after she came through the revolving door into the executive suite at Yahoo!, Marissa Mayer is set to lay out her strategy for the company's future. The new CEO is aiming to jump-start growth at the Internet giant, and reportedly plans to meet with employees Tuesday to unveil her plan. Mayer came to Yahoo! from Google, bearing the burden of finally being the one to offer something different, after a long line of come-and-go CEOs. She made her mark at Google designing its home page, with a focus on making it easy to use. Now, she's reportedly keen on improving the look of Yahoo!'s home page -- but it's not likely she'll just mimic her style at Google. "Google's a whole different story of ... simplicity," says All Things Digital's ...

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