Word: cash
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...spend the highest percentage of Carrotmob profits on more energy-efficient lighting. The crowd spent more than $9,200 at the K&D Market, which then fulfilled its pledge to plow 22% of the day's revenue into greener lighting - with the haul from the Carrotmob providing enough cash to make all the improvements recommended by an energy auditor (and Carrotmob supporter...
...sales for this quarter are expected to be between flat and up 3%. Wal-Mart may have an uphill fight to post strong second quarter earnings. Recent employment numbers and shrinking access to credit will hurt retail sales, although Wal-Mart probably has its share of people who pay cash. (Find out 10 things to do with your money...
...According to Reuters, "Treasurer Charles Holley said Wal-Mart has planned a number of merchandising initiatives to appeal to cash-strapped shoppers, including its dollar program." The theory behind the promotion is sound. Most stores could not bring in a lot of revenue selling items at $1 a piece, nor could most restaurants, but Wal-Mart and McDonald's have such significant scale and customer bases that getting an even slight increase in discretionary spending from tens of millions of people could make the difference between a mediocre quarter and a good...
...Balsillie wants to purchase the Phoenix Coyotes - the Artists Formerly Known As the Winnipeg Jets. The cash-strapped Jets left Canada for Arizona more than 10 years ago - when nobody (with any degree of intelligence whatsoever) could've guessed that people who live in a desert might not dig hockey (especially if their team doesn't win regular-season games, let alone Stanley Cups). When the 'Yotes' owner filed for bankruptcy protection last week, Balsillie offered a win-win proposition: He would buy the club and move it to the richest and most ardent hockey market in the NHL - southern...
...hockey skate into this mess? Coming out of the 2004-05 lockout, Versus outbid ESPN for rights to hockey games. NHL commissioner Gary Bettman chose cash over the increased exposure any sport gets from ESPN, which is currently in 98 million homes. While the game has gotten better - new rules have increased scoring, and phenoms like Ovechkin and Crosby have given the game new blood - Bettman lost a mainstream audience to which he could market this improved product. So while Ovechkin-Crosby plays out in the wilderness, Bettman should wonder what might have been. (See TIME's picks...