Year: 2009

Kurt Cobain’s Smashed Guitar Sold For 100 Large

SEATTLE (AP) – A smashed guitar from the late grunge rocker Kurt Cobain has been sold to an unidentified private collector for $100,000. Helen Hall, a broker in England, says it’s the second-highest known price for an item of Cobain memorabilia. The seller was punk rocker Sluggo of The Grannies and Hullabaloo. The sale was […]

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Propping Up a House of Cards

February 28, 2009 Talking Business By JOE NOCERA THE NEW YORK TIMES Next week, perhaps as early as Monday, the American International Group is going to report the largest quarterly loss in history. Rumors suggest it will be around $60 billion, which will affirm, yet again, A.I.G.’s sorry status as the most crippled of all […]

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AP Picks Top 10 ‘Pop Culture’ Moments of 2008

“Yes We Can” The Associated Press NEW YORK– In any normal year, it would be impossible to discern a coherent theme from a year of American pop culture, try as we journalists might. This year was different. The presidential campaign seeped into our culture everywhere it could: into our music, our television, our street art, […]

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Polaroid Declares Bankruptcy For Third Time

Dec. 19 (Bloomberg) — Polaroid Corp., the pioneer of instant photography, sought bankruptcy protection for the second time in seven years, blaming an alleged $2 billion fraud at its parent company Petters Group Worldwide LLC. Petters Group, which acquired the 71-year-old company in 2005, has unsecured claims against Polaroid totaling $213.5 million, according to papers […]

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