Category: ‘Business’
Tuesday, May 27th, 2008
newsWeek: Mark Kellogg's hot-dog stand sits at Broadway and Fleet Avenue, the main intersection of Slavic Village, a traditional working-class neighborhood in Cleveland. It's midday on a Wednesday, and the place is deserted except for a new metallic-blue VW convertible in the lot, blaring rap music. A towering sign advertises ...
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Wednesday, May 7th, 2008
May 8 (Bloomberg) -- Crude oil was little changed near a record $123.93 a barrel in New York after a government report showed that U.S. worker productivity accelerated, signaling stronger economic growth and increased energy demand.
Oil almost doubled in the past year and may rise further if the economy improves ...
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Sunday, April 13th, 2008
yahoo news: CHARLOTTE, N.C. - Wachovia Corp. said Sunday it will move up the release of its first-quarter financial results, an announcement that closely followed a report that the nation's fourth-largest bank is about to get a multibillion-dollar cash infusion.
The Charlotte-based bank, which is struggling to digest its admittedly ...
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Tuesday, March 4th, 2008
yahoo news: DETROIT (Reuters) - Ford Motor Co (F.N) said on Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers -- or almost 5 percent of its remaining work force -- as part of an effort to cut costs and return to ...
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Tuesday, March 4th, 2008
As Arwa Hamad strolls a new Wal-Mart, an eight-foot display of olive oil stops her in her tracks. "Oh, wow," she says, marveling at the sight of so many gallons of Lebanese extra virgin. "We could go through one of these in a week in my house." Around the corner, ...
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Monday, March 3rd, 2008
From Yahoo
NEW YORK - You know that Sharper Image gift card you got for Christmas? Right now, it's worthless. And other gift cards in your wallet could lose their value, too.
As more retailers file for bankruptcy or go out of business, more than $75 million in gift cards are at ...
Posted in Business, General, T|Blenders | No Comments »
Thursday, February 28th, 2008
reuters.com: NEW YORK (Reuters) - Sprint Nextel Corp (S.N: Quote, Profile, Research) posted a quarterly loss of $29.45 billion on Thursday due to a huge goodwill write-off and forecast deepening subscriber losses, pushing its stock down as much as 13 percent to a five-year low.
The No. 3 U.S. mobile service ...
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Wednesday, February 27th, 2008
EU has fined Microsoft $1.35 billion (899 million euros) for failing to comply with the 2004 antitrust order. It is highest ever fine charged by EU and it is also the first time ever when EU has fined a company because of non-compliance with an antitrust decision.
The first decision in ...
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Tuesday, February 26th, 2008
NEW YORK (CNNMoney.com) -- Americans don't understand debt, which may be one reason that they have too much of it, according to a survey released Tuesday.
The survey presented 1,000 people with a hypothetical scenario about credit card debt and asked them to compute how long it would take to pay ...
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Monday, February 25th, 2008
usatoday.com: SAN FRANCISCO — The biggest boycott by eBay (EBAY) sellers concludes Monday, capping a week of acrimony after the online-auction site raised fees and changed its feedback policy.
Auction listings on eBay.com dropped some 13% since the strike started Feb. 18 to about 13 million items, according to third-party ...
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Tuesday, February 19th, 2008
yahoo news: TOKYO - Toshiba said Tuesday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
"We concluded that a swift decision would be best," Toshiba President Atsutoshi Nishida told reporters ...
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Tuesday, February 19th, 2008
newsWeek.com: Verizon Wireless introduced an unlimited calling plan Tuesday with no roaming or long-distance fees for $99.99 a month, an offer that could spark a price war among carriers.
Other major carriers have "unlimited" plans, but Verizon Wireless appears to be the first to make one available nationwide.
The plan is ...
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Friday, February 15th, 2008
newsWeek.com: Hustler magazine and Wal-Mart haven't had much in common over the years. After all, the megaretailer won't even carry Hustler's explicit publications. But now they have at least one area of overlap. As of this month, Wal-Mart will be selling Wet, a sexual lubricant that has been a ...
Posted in Business, Odd Blends | No Comments »
Wednesday, February 13th, 2008
yahoo news: Yahoo! Inc., fighting off a takeover bid from Microsoft Corp., is in talks with News Corp., according to a report on The Wall Street Journal's web site.
The talks, according to the Journal are an attempt to fend off Microsoft's offer, which was initially valued at $44.6 billion.
| read ...
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Tuesday, February 12th, 2008
laTimes.com: DETROIT -- General Motors Corp. reported a $38.7 billion loss for 2007 today, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
The earnings ...
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