Chrysler announced it will provide cards that lock in gas prices at $2.99 a gallon for three years for most of its new car buyers through June 2. The company came up with the idea after potential customers started asking car sales reps if the Grand Caravan was advertising the cost of a fill-up.
The Internet domain name israel.com is up for sale and could go for at least $5.5 million when it’s sold at auction. The top bidder is expected to be a porn producer who wants to use it for a new line of videos called Goys Gone Wild.
Citigroup announced that it is moving one of its most senior investment bankers to Dubai to establish a stronger foothold the Middle East. His first job in Dubai is to up the daily withdrawal limit on the bank’s ATM’s to a million dollars.
An executive for Countrywide Financial Corp. told a Senate panel that the company may have made mistakes “from time to time” but it never collected inflated fees by filing inaccurate bankruptcy documents. He would have been more believable if he hadn’t left the hearing by hot air balloon.
The video game “Grand Theft Auto IV” pulled in more than $500 million in its first week with sales of over 6 million units worldwide. Microsoft is thinking about capitalizing on this frenzy by changing the name of Vista to Grand Theft Apple.
Nike founder Philip Knight recently cashed in enough stock to make $1.05 billion profit in just one month. Apparently Phil has changed his motto from “Just Do It” to “Just Dow It.”
Papa John’s Pizza announced it has sold $1 billion worth of pizza over the Internet. In a sign of what people are looking at while ordering online, over a third of the pizzas sold via the Internet are topping-less.
British Airways CEO Willie Walsh told a British transportation committee that the problems at a new terminal at Heathrow Airport were his responsibility. You could tell he wasn’t an American CEO because the committee members didn’t look around for a Candid Camera crew.
The New York Times is laying off 15 journalists after the company acknowledged it fell short of its goal of getting 100 people to take voluntary buyout packages. The irate ex-employees are starting their own newspaper with the motto: “All The News That’s Fit To Be Tied.”