Alitalia accidentally puts $3900 tickets up for sale at $39

Alitalia accidentally puts $3900 tickets up for sale at $39

  They say that the devil is in the detail and few companies have been made more aware of this in recent times than Alitalia.   A pricing error was made by the beleaguered airline back in 2006 when an advertisement allegedly wasn’t correctly proofread. The unfortunate result was that they ended up offering return…

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Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

Bank of America loses over $50 billion in, ‘the worst deal in American finance history’

  Bank of America’s mortgage business lost over $50 billion since the purchase of Countrywide Financial for $2.5 billion back in 2008.   The then Bank of America CEO Ken Lewis said it was a rare chance to become No. 1 in the home loans marketplace. Instead the bank’s shareholders have spent the majority of…

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ABC passes up the opportunity to broadcast The Cosby Show

ABC passes up the opportunity to broadcast The Cosby Show

  The Cosby Show aired for eight seasons on NBC from September 20, 1984 until April 30, 1992. The show focuses on the exploits of the Huxtable family, a well-to-do African-American family living in Brooklyn, New York.   The show was TV’s biggest hit in the 1980s and it single-handedly revived the sitcom genre and…

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Time Warner AOL merger results in, ‘the greatest ever mistake in corporate history.’

Time Warner AOL merger results in, ‘the greatest ever mistake in corporate history.’

  Back at the turn of the millennium, AOL purchased entertainment giant Time Warner for $164 billion. The deal was announced on January 10, 2000 and it employed a structure that brought the two original companies together and merged them into a newly created entity. Due to the larger market capitalization of AOL, its shareholders…

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NBC and CBS pass on the opportunity to broadcast Monday Night Football in the US

NBC and CBS pass on the opportunity to broadcast Monday Night Football in the US

  Monday Night Football featuring NFL games is the longest running and most popular prime time sport programme in television history. The broadcast is also a fundamental part of popular culture in the US as tens of millions of Americans tune in religiously every week to view the latest developments in the world of Gridiron….

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Decca Records turn down The Beatles who go on to become the greatest band in history

Decca Records turn down The Beatles who go on to become the greatest band in history

  The Beatles auditioned for Decca Records on New Year’s Day back in 1962. It was a fateful day for a certain Dick Rowe who was the then head of A&R at the record company. His insistence that The Beatles had no future in the entertainment industry sealed his unenviable reputation forever as the man…

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Coca-Cola changes its flavour and introduces New Coke in 1985

Coca-Cola changes its flavour and introduces New Coke in 1985

  Back in April 1985, Coca-Cola reformulated the taste of their iconic drink in an attempt to boost its then dwindling market share as customers flocked to buy the range of new diet soft drinks that had recently hit the market. Coca-Cola’s arch enemy Pepsi was also in ascendance as customers seemed to prefer the…

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M&Ms turn down the chance to be the candy featured in E.T.

M&Ms turn down the chance to be the candy featured in E.T.

  One of the better known tales from the world of business blunders is the infamous story of the time M&Ms turned down a golden opportunity to be the treat that was used to lure E.T. out from his hiding place and into our hearts.   Steven Spielberg’s 1982 blockbuster earned a reputed $792 million…

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Elisha Gray misses out on owning the telephone patent by two hours

Elisha Gray misses out on owning the telephone patent by two hours

  Everybody knows the telephone was invented by Alexander Graham Bell, but what a lot of people don’t know is that someone else also had a design for a slightly different version but wasn’t able to register it speedily enough.   The gentleman’s name in question was a certain Elisha Gray. He was born in…

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Edwin Drake designs a well that kick starts the oil industry but doesn’t patent his design

Edwin Drake designs a well that kick starts the oil industry but doesn’t patent his design

  Forget JR or Bobby Ewing from Dallas – forget JD Rockerfeller even, because the oil industry has its humble beginnings way back in 1859 by way of the dogged determination and chance success of an ex-railroad conductor called Edwin Drake. Drake was responsible for drilling the first oil well for commercial use in Titus,…

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