Business ::
Thursday, November 5, 2009
Friday, October 30, 2009
Is recession finally over? Possibly
The economy accelerated last quarter. But is it driving off a cliff?
The car comparison is apt, because economists believe the third-quarter improvement in the nation's Gross Domestic Product depended heavily on the "cash for clunkers" program. The tax credit for first-time home buyers also had a role.
Sunday, October 18, 2009
Falling dollar a bogus crisis
The dollar is falling and can't get up, and President Obama is to blame. This is the chorus from economic blogs and conservative critics, but is it true?
Wal-Mart goes big on plus-sizes
Hanesbrands Inc., the maker of Hanes underwear and the Wonder Bra, is getting twice as much space in more than 3,500 Wal-Mart stores to offer more clothing choices for the plus-size women who shop there.
Wednesday, October 14, 2009
Tuesday, October 13, 2009
Ace Buikema confident about growth, strength
Like many businesses large and small, today's economy has been a
challenge for the Ace Buikema chain. For the first time in the
company's 61-year history, it closed a location, its store on Douglas
Road in Montgomery. Ace Buikema now has eight stores from Aurora to
Romeoville, down from nine.
US Supreme Court will hear appeal of Enron's chief
The U.S. Supreme Court will consider throwing out the convictions of
former Enron Chief Executive Officer Jeff Skilling for his role in the
collapse of the one-time energy giant. The court said Tuesday it will hear Skilling's appeal of lower court
rulings that upheld all 19 of his 2006 convictions of conspiracy,
securities fraud, insider trading and lying to auditors involving the
2001 collapse of Enron.
Data and contacts vanish from Sidekick phones
Owners of Sidekick phones may have lost all the personal information they put on the device, including contact numbers, because of a failure of servers that remotely stored the data. The incident is a reminder of the dangers of trusting a single provider to safeguard information.
