Idiot Inc.

Business news for bears and cynics

about | subscribe | twitter | contact     
idiot inc. executives planning dumb business moves

Latest bad news

  • Honda’s U.S. sales dropped 35% in December
  • Northstar Neuroscience stock skyrockets because the company is closing
  • New York Times whores out its front page for the first time ever
  • Management shakeup at Borders
  • NYSE warns Hypercom about its hyper-decreasing stock

Idiot Index view full list  >>

American Airlines Boeing Chrysler Circuit City Citigroup Daniel Laikin Ford Gannett General Growth Properties GlaxoSmithKline GM Lehman Brothers Microsoft Morgan Stanley National Lampoon New York Times Pilgrim's Pride Starbucks Wachovia WaMu Yahoo!

Categories

  • Bankruptcies
  • Brainy Ideas
  • Busted
  • Company Memos
  • Downfalls
  • Idiot Links
  • Layoffs
  • Look at Me!
  • Power Struggles
  • Stock Market
  • Videos
  • Whoops!

Subscribe

  • RSS Feed
  • Twitter

Links

  • Business Pundit
  • Cluster Stock
  • Dealbreaker
  • Drudge Report
  • Finviz
  • Firefox
  • INO
  • Letter of Apology
  • My Finance Times
  • Slashdot
  • TechDirt
  • Wall Street Fighter

Downfalls, Stock Market

IndyMac will sell-off most of its mortgage branches

July 8, 2008

The company that fired 3,800 employees and exited the mortgage game yesterday has announced that it will be selling most of its branches to competitor Prospect Mortgage. IndyMac’s shares were down another 38% today to close at $0.44.

0
Posted in Downfalls, Stock Market by Jacopo Kane
Say something mean >

Starring: IndyMac, Prospect Mortgage
Related stories:
  • First Priority sleeps with the fishes
  • Nike axes swimwear division in wake of Michael Phelps’ speedo
  • Lights out for Luminent
  • WaMu seized and sold
  • Steve & Barry’s goes kaput
  • TiVo lays off secret number of employees
  • American Airlines revises its layoff plans to 6,500 instead of 900
•

Leave a comment

Basic HTML allowed

“This is an act of mercy....truly” - Francis Urquhart
© Copyrights are for the paranoid    |    About    |    RSS    |    Contact    |    Sitemap
Adventures