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In hard economic times, a ripple effect - Chicago Sun-TimesOnly five customers sat in Tom's Restaurant at 2701 E. 130th St. at lunchtime on a recent weekday. Tom's used to be packed with workers from the nearby Ford plant -- but more than 800 workers were cut in recent weeks, and times are hard. "I've never ...
Paulson Bucks Paulson as His Hedge Funds Score $1 Billion Gain - BloombergDec. 2 (Bloomberg) -- There’s not a lot of light in Paulson & Co.’s 28th-floor headquarters on a drizzly November afternoon. The Alexander Calder sculpture and multicolored prints have been shipped to the firm’s new offices six blocks south ...
No stimulus plan till next year, Ottawa says - Globe and MailJust In from Canada writes: The Harper government is wrong in waiting for Obama's inauguration hoping that the picture will be clearer, and perhaps hoping it would be easier to dove tail into U.S. actions. The picture won't be clearer by January 20 ...
Moonstruck Chocolate closing Oregon stores - Chicago Sun-TimesMoonstruck Chocolate Co. is closing the nine company-owned retail stores outside of Portland, Ore., this month. The Moonstruck Chocolate Cafes, including the Illinois locations in Champaign and Oak Brook (which closed this week after less than a year ...
Business brief - Chicago Sun-TimesThe economy suffered its biggest decline since 2001 in the third quarter, ushering in what may be the worst recession in a quarter-century and boosting the chances of Barack Obama and fellow Democrats in next week's elections. Gross domestic product ...
Greenspan points the blame - Boston GlobeAlan Greenspan told the House Government Oversight and Reform Committee today that overeager investors are to blame for the country’s foreclosure crisis, according to an Associated Press report . These overeager investors apparently did not take ...
Five tips to beat the danger of deflation - Times OnlineOne in five savings accounts will pay less than 1% if this month’s rate cut is passed on in full, with many getting close to zero. The Bank of England is expected to slash rates further after its November inflation report raised the spectre of ...
The question now: Will it work? - USA TodayThey met. They argued. They wheeled and dealed. Now Congress has a tentative agreement on how to bail out the nation's financial system, and leaders are promising approval by midweek. The $700 billion question: Will it work? If all goes well, U.S ...
Brookdale Announces Third Quarter 2008 Results - Marketwatch- Occupancy at the end of the quarter was 90.3%, up 1.3% from the end of June to the end of September. - Average occupancy for the third quarter was 89.7%, versus 88.9% for the second quarter of 2008. - Revenue for the third quarter was $482.3 ...
How are firms coping with the credit crunch? - North West Evening MailIN the wake of the Bank of England's one-and-a-half percentage point cut in interest rates to three per cent, finanacial analysts are warning that this signals we are heading for a long recession. The cut, the biggest since 1981, comes as the ...
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