Category Archives: Economy

Automakers start year with strong sales

By doris | Published: February 2, 2012

Full Story at BottomLine.msnbc.msn.com Car sales zoomed ahead in January, with many automakers reporting solid sales at the start of a year expected to show a steady gain in vehicle purchases. Chrysler, now privately held and majority owned by Italy’s Fiat, was the notable standout for the month. It posted a 44 percent rise in [...]

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Signs point to stocks finishing January strong

By doris | Published: January 30, 2012

Full Story at msnbc.com NEW YORK — January has turned out strong for equities with just two trading days to go. If you’re afraid to miss the ride, there’s still time to jump in. You just might want to wear a neck brace. The new year lured buyers into growth-related sectors, the ones that were [...]

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Housing ends year on strong note, but prices still falling

By doris | Published: January 21, 2012

Full Story at BottomLine.msnbc.msn.com The housing market ended the year on a positive note with strong sales in December, but a glut of unsold homes will likely push prices lower through much of this year, forecasters said Friday. Sales of existing homes hit an 11-month high last month and the number of properties on the [...]

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Chrysler brings back the Dodge Dart

By doris | Published: January 10, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Chrysler Group unveiled its much-needed new small car, the Dodge Dart small car at the Detroit auto show Monday. The car is expected to go on sale later this year at prices starting at about $16,000. Official fuel economy estimates aren’t available, yet. The Dart is based [...]

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Postal Service delays closings until May 15

By doris | Published: December 13, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service has agreed to hold off on closing any more post offices or mail facilities until May 15, 2012, to allow Congress time to work on a plan to save the service. The U.S. Postal Service agreed to voluntarily enact a moratorium on closures, after [...]

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USPS wants to limit next-day guarantee

By doris | Published: December 3, 2011

Full Story at money.cnn.com WASHINGTON (CNNMoney) — The U.S. Postal Service on Monday will announce a cost-savings proposal that would no longer guarantee next-day delivery of first-class mail. The financially troubled agency will present to its overseers a proposal to change its national standard for first-class mail to two-to-five days from one-to-three, according to interviews [...]

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AT&T braces for T-Mobile deal collapse

By doris | Published: November 25, 2011

Full Story at msnbc.com WASHINGTON — AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, reflecting the dwindling chances for the deal seen as job-destroying by powerful political opponents. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the [...]

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‘Oh, I shouldn’t have’: Retailers make pitch for self-gifting

By doris | Published: November 24, 2011

Full Story at BottomLine.msn.com Last year Hyundai entertained — or annoyed — television viewers with advertisements featuring carol-singing hipsters. This year, the automaker is taking a different tack in early radio ads, urging listeners to “give yourself a gift” of a new Hyundai this holiday season. Retailers, struggling with sluggish consumer spending are pulling out [...]

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7 must-have Black Friday apps

By doris | Published: November 23, 2011

Full Story at CNNMoney Commissioned by dealnews.com, the free Black Friday App allows you to browse both “leaked” ads and discounts featured by major retailers. Available on Android and iPhone, the app keeps you up-to-the-minute on the latest deals. Users can search for their favorite stores or browse by category. You can save deals that [...]

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Get ready to pay more for your mail

By doris | Published: November 22, 2011

Full Story at BottomLine.msnbc.msn.comThanks for your waiting for me to begin again. The cash-strapped U.S. Postal Service is raising rates for its more profitable express mail and priority mail shipping next year, part of its efforts to stave off bankruptcy. The new prices, which take effect Jan. 22, include the introduction of a new flat [...]

Also posted in Bankruptcy, Business, Conrtact, Financial, Google, Money, Post Office | 1 Comment

Arkansas city loses two factories in one day

By doris | Published: October 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The city of Fort Smith, Ark., got hit with a double whammy on Friday, as one factory closed down and another faced imminent demise. Whirlpool Corp. (WHR, Fortune 500) said it will shut down its factory next year, putting about 1,000 people will be out of work, [...]

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Americans spent more in Sept., but saved less

By doris | Published: October 29, 2011

Full Story at BottomLine.msnbc.msn.com WASHINGTON — Americans spent in September at three times the pace of the previous month, even though their incomes barely budged. They financed their spending binges by saving at the lowest level since the start of the Great Recession. Consumer spending rose 0.6 percent last month, the Commerce Department said Friday. [...]

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Lawmakers open to changes in military benefits

By doris | Published: October 23, 2011

Full Story at Life Inc.today.msnbc.msn.com The last few years have been tough on many Americans who work in the manufacturing industry, but they haven’t been nearly as tough on the manufacturers’ profits. U.S. manufacturers have seen a steady uptick in profits since bottoming out in late 2008, according to the most recent data from the [...]

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McDonald’s and Chipotle earnings deliver

By doris | Published: October 22, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of McDonald’s are trading at a new all-time high after the global fast food chain managed to impress with strong earnings and sales numbers across all its markets. Fast food chains tend to benefit during recessionary economic periods as many people scale back and trade down. [...]

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