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Retailing Chains Caught in a Wave of Bankruptcies

a shared story    436 weeks 5 days 10 hours 41 minutes ago
The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country. Since last fall, eight mostly midsize chains — as diverse...(more) 




Food Costs Rising Fastest in 17 Years

a shared story    436 weeks 5 days 10 hours 44 minutes ago
Maybe the candidates should consider talking about an issue for a change instead of dragging everyone down. Here's a suggestion, from the story: "Steve Tarpin can bake a graham cracker crust in his sleep, but explaining why the price for his Key lime pies went from $20...(more) 




AIG crisis could be tip of an insurance iceberg

a shared story    386 weeks 6 days 14 hours 53 minutes ago
When insurance giant American International Group Inc. imploded last fall, the firm's problems were quickly blamed not on its core insurance business, but on an obscure operation that traded exotic mortgage securities. But as the economic crisis has deepened, it has become clear that AIG's problems extend...(more) 




US Foreclosure Filings Nearly Double in September

a shared story    463 weeks 3 days 2 hours 24 minutes ago
Foreclosure filings across the U.S. nearly doubled last month compared with September 2006, as financially strapped homeowners already behind on mortgage payments defaulted on their loans or came closer to losing their homes to foreclosure, a real estate information company said Thursday. 




AP study finds $1.6B went to bailed-out bank execs

a shared story    401 weeks 21 minutes ago
Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals. 



buzz  17  + buzz


Citigroup Buys Banking Operations of Wachovia

a shared story    412 weeks 6 days 5 hours 26 minutes ago
Citigroup has agreed to buy Wachovia’s banking operations for $1 a share, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders.  




The American mood: Is the angst bottoming out?

a shared story    385 weeks 1 day 1 hour 25 minutes ago
Friday night in northern New Jersey, circa April 2009, offers clues to prove any theory about the American economic meltdown, depending on what you want to believe. Just like so many places these days. 




FHA's dilemma - back loans, stay solvent

a shared story    346 weeks 22 hours 19 minutes ago
Keally McBride and her husband both have good jobs and credit scores, but they would not have been able to buy their three-bedroom home in Oakland's Grand Lake area if not for Federal Housing Administration insurance that allowed them to put down just 3.5 percent. 



buzz  13  + buzz


On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    392 weeks 6 days 16 hours 13 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 



buzz  1  + buzz


Panera CEO on self-respect, and why he often avoids gluten

a shared story    1 hour 8 minutes ago
NEW YORK (AP) -- Panera founder and CEO Ron Shaich considers himself the "discoverer-in-chief," meaning he's in charge of ensuring the bakery chain's image doesn't grow stale.... 



buzz  1  + buzz


Russia to resume charter flights for tourists to Turkey

a shared story    2 hours 8 minutes ago
MOSCOW (AP) -- Russia has lifted its ban on charter flights to Turkey, opening the way to a resumption of the package tours that were a major source of revenue for Turkey.... 



buzz  1  + buzz


Parents Didn’t Just Dislike Super Nintendo 25 Years Ago—They Thought It Was a Scam

a shared story    3 hours 8 minutes ago
This year marks the 25th birthday of the Super NES, a revolutionary game console that America's parents initially thought was a money-grabbing scam. The post Parents Didn’t Just Dislike Super Nintendo 25 Years Ago—They Thought It Was a Scam appeared first on WIRED. 



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