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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: economic downturn

economic downturn stories: 113 news summaries

101 - 113 of 113 Stories | << Prev 1 2 3 4 5 6

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EARNINGS REPORT

 In Poor Economic 
 Climate, Whiskey Sells 


Dec 5, 08 5:16 PM CST
(Newser) - Amid dire economic projections, the maker of Jack Daniel’s Tennessee whiskey is having a banner year, the LA Times reports. “We had a nice quarter,” Brown-Forman’s CEO said of sales and income that bested Wall Street estimates. Even a bad employment report today couldn’t... More »

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Wall Street • Dow Jones • whiskey • spirits • liquor industry • economic downturn • Jack Daniel's • Brown-Forman

 Retailers Post Worst 
 Month This Decade 

But Wal-Mart, other discounters profit from downturn

Dec 5, 08 7:46 AM CST
(Newser) - November was the worst month for retail in a decade, reports the Financial Times, as stores from Macy's to Abercrombie & Fitch posted double-digit falls in sales. Mid-market stores like Target posted worse-than-expected numbers, while department stores crashed. But giant Wal-Mart, leading a small number of discounters, managed to... More »

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retail • recession • retail sales • Target • Wal-Mart • economic downturn

(Newser) - General Motors says it needs an immediate $4 billion loan from the government to get through the month, the Detroit Free Press reports. “Absent support, we can’t continue to operate,” the carmaker’s COO told Congress. GM is requesting a total of $18 billion in federal... More »

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Congress • General Motors • credit crisis • auto industry • bailout • economic downturn • Fritz Henderson

Is Recession in the Cards? More Turn to Psychics

One clairvoyant's advice beat the market

Dec 1, 08 2:45 PM CST
(Newser) - Canadian Ray Pambrun sold many of his stocks in late October and managed to miss the market’s most recent downswing. His secret? Consulting a psychic, who beat out the financial advisers and economists predicting a bottom. It may not be the soundest investment strategy, but clairvoyants have seen business... More »

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stock market • spirituality • mystics • psychic • financial crisis • economic downturn

OPINION

 Lame Duck Can Do
 More Than Just Quack 


Nov 24, 08 2:47 PM CST
(Newser) - Lame-duck presidents have made their share of last-minute legislative contributions, and the current lame duck need be no different, historian Julian E. Zelizer writes for CNN. “Bush does not have to sit on his hands until January 20,” Zelizer writes, and calls on him to “follow the... More »

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credit crisis • President • Election 2008 • George W. Bush • lame duck • President Obama • economic downturn

(Newser) - Barack Obama says he will move quickly once in office to enact an ambitious, two-year plan to save or create 2.5 million jobs, Bloomberg reports. Obama announced his plan in his weekly radio address, where he also warned that “we risk falling into a deflationary spiral that could... More »

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Barack Obama • alternative energy • infrastructure • credit crisis • economic stimulus package • green revolution • job creation • President Obama • economic downturn

 Journal Poaches 
 Times' Ad Dollars 

Expansion of coverage under Murdoch has lured high-end retailers to WSJ

Nov 21, 08 5:45 PM CST
(Newser) - The New York Times and the Wall Street Journal are in an advertising war, and it appears the Journal is winning, Bloomberg reports. Notable accounts, particularly in the luxury market, are fleeing to the Times’ rival. “They’re definitely stealing advertising dollars,” one analyst said of the Journal,... More »

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newspaper • Rupert Murdoch • New York Times • advertising • Wall Street Journal • Bill Keller • print advertising • Robert Thomson • economic downturn

 Oprah's Newest 
 Favorite Thing: Thrift 

Talk-show host's holiday goodie bag will be unusually downscale this year

Nov 21, 08 2:11 PM CST
(Newser) - Oprah’s favorite things this year are cheap, cheap, cheap, Us Magazine reports. The TV host, who usually gives away pricey items on an annual holiday show, will bow to the economy and push affordable stocking-stuffers instead. The Nov. 26 airing also includes DIY tips, with viewers meeting “a... More »

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television • Oprah Winfrey • talk show • holiday shopping • economy • financial crisis • economic downturn • holiday season

OPINION

Economy's Tanking Too Fast to Wait for Obama: Krugman

The downtime before inaguration could make things grimmer yet

Nov 21, 08 10:32 AM CST
(Newser) - The state of the economy right now reminds Paul Krugman a lot of the start of the Great Depression, including a lame-duck administration that seems to have no credibility, hence no influence on the markets, the columnist writes in the New York Times. Drastic damage was done to the country... More »

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deflation • credit crisis • bailout • economy • Great Depression • financial crisis • lame duck • economic downturn

 Asian Stocks Hammered, 
 Europe Opens Down 

Nikkei and Hang Seng plunge on grim economic figures

Nov 20, 08 5:12 AM CST
(Newser) - Stocks in Asia plummeted again today as further economic data from Japan and the US spooked investors. In Tokyo the Nikkei dove nearly 7%, while in Hong Kong the Hang Seng slipped 6.6% in a massive sell-off of financial and real estate stocks. This morning in London the FTSE ... More »

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Nikkei • Hang Seng • Asian markets • European markets • FTSE • economic downturn

 Economy May Tank 
 Palin's $30B Pipeline 

Governor's much-touted initiative could be derailed as gas, oil prices fall

Nov 19, 08 2:50 PM CST
(Newser) - A sour economy and tumbling oil prices might sink Sarah Palin’s oft-touted Alaskan natural-gas pipeline, the Wall Street Journal reports. Low prices and increased natural-gas production in the lower 48 are causing energy companies to reconsider the $30 billion project. Without the revenue-generating pipeline, Alaskans who depend on the... More »

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oil • Alaska • Exxon • ConocoPhillips • natural gas • gas pipelines • Sarah Palin • economic downturn

(Newser) - The plans outlined by global leaders at the meeting to deal with the financial crisis reflect a shifting balance of power, with emerging economies such as Brazil, India, and China gaining influence, the Washington Post reports. And the Europeans largely got what they wanted from the summit, French President... More »

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Canada • Nicolas Sarkozy • France • Brazil • Group of Eight • Luiz Inácio Lula da Silva • Group of Seven • financial crisis • economic downturn

(Newser) - The global economic crisis is raising the threat to national security, the Washington Post reports. Experts and intelligence officials worry that mounting inflation and unemployment in Third World countries could spark radical movements and destabilize friendly governments. What’s more, strained budgets in the West mean less money to... More »

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China • national security • Pakistan • intelligence • United States • recession • foreign intelligence • credit crisis • economic downturn

101 - 113 of 113 Stories | << Prev 1 2 3 4 5 6


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