general business
a shared story
submitted by Ari 199 weeks 1 day 2 hours 11 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)
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submitted by Ari 199 weeks 1 day 2 hours 14 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)
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submitted by Julia Leigh 149 weeks 2 days 6 hours 23 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)
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submitted by MikeK 225 weeks 5 days 17 hours 54 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.
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submitted by Grace 163 weeks 2 days 15 hours 51 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.
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submitted by AB 175 weeks 1 day 20 hours 56 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.
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submitted by Grace 147 weeks 3 days 16 hours 55 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.
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submitted by Grace 108 weeks 3 days 13 hours 49 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.
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submitted by Robby for team staff news 38 minutes ago
The flipside to the mobile revolution is that we're rapidly approaching a wireless spectrum crunch. As spiraling numbers of consumers watch video, stream music and send pictures on their smart phones, various carriers...
a shared story
submitted by Robby for team staff news 38 minutes ago
TOKYO (AP) -- Nissan's quarterly profit rose 3.2 percent on healthier sales that offset production damage from flooding in Thailand and a battering from the strong yen....
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submitted by Gretchen Wright 155 weeks 2 days 7 hours 43 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)
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submitted by Robby for team staff news 1 hour 38 minutes ago
Walgreen Co. and CVS Caremark Corp., the biggest U.S. drugstore chains, are betting they can generate sales by answering a question few men want to ask: whether or not they're firing blanks. In April, Walgreen's 7,800 U....
