Singing along with a MultiCultClassics Monologue…
• Metromedia Restaurant Group, which owns the Ponderosa and Bonanza Steakhouse brands, filed for bankruptcy with the restaurants. Guess Hop Sing will be looking for a new job soon.
• Speaking of Hip Hop singers (OK, it’s not the smoothest segue), 50 Cent reached a settlement with his ex-girlfriend over visitation rights for their 11-year-old kid. The son will spend one weekend per month with Fiddy, plus a month in the summer and half of his spring and winter breaks. No word on who gets to keep the fire-gutted house.
• Allstate reported a 3Q loss of $923 million, citing hurricane-related losses and the continuing financial crisis. Would the financial crisis be categorized as a man-made disaster?
• AT&T reported 3Q earnings rose 5.5 percent, probably thanks to subsidized iPhone sales. There’s nothing like riding Steve Jobs’ coattails to profits—it’s the only network you need.
• Chrysler announced plans to cut 1,825 jobs, while GM is cutting employee benefits. Gee, if these two auto companies do merge, will anyone want to work there?
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