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...through all of his experiments and career meandering, he's never made a dull album - the marriage of musician and retailer is just as intriguing. The upside for Prince is obvious: in an era when record sales continue to slide, there's nothing quite as sweet as cash up-front, even if it does mean your face on a big cardboard display right next to the Swiffer. For Target, there's a small element of brand burnishing - Prince likes us! - but the music is primarily just one more product to seduce shoppers into its stores...

Author: /time Magazine | Title: Prince and Target: A Match Made in Discount Heaven | 3/3/2009 | See Source »

...There's lots of cash that's been tucked away around the world by people whose profit-taking will lift markets after big sell of periods, but that won't change the big picture," Touati says, "Only signs the U.S. has hit bottom and on the rise again will fuel a real rebound of international stock markets...

Author: /time Magazine | Title: Asian and European Markets Calmer, but More Chaos Ahead | 3/3/2009 | See Source »

...February sales were reported, GM owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%. Slow sales means slow production, which is where automakers get their revenue, so the results put a real dent in cash flow. At the beginning of the month, GM and Chrysler both had more than five months' supply of unsold cars. (Read about the CEOs behind Detroit's Big Three...

Author: /time Magazine | Title: As Car Sales Collapse, GM and Chrysler Grow Desperate | 3/3/2009 | See Source »

...world might be sinking into its worst recession in generations, but China is on a wild shopping spree. Sitting some $2 trillion of cash reserves, Beijing is taking advantage of the woes of others to cement its grip on new sources of commodities ranging from olive oil to crude oil -often at fire-sale prices...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

...negotiated a $10-billion loan to Brazil's state-owned oil company Perobras, as well as a $25-billion loan to Russia's state-run oil company Rosneft. Both companies' revenues have plummeted in recent months as crude oil prices fell by more than two-thirds. China offered large cash amounts in a tight credit market, but rather than require that the loans be serviced and repaid in cash, Brazil and Russia will repay the loans in crude oil supplies to China over the next two decades. Russia will ship eastern Siberian oil, while in Brazil, China hopes...

Author: /time Magazine | Title: China Goes on a Smart Shopping Spree | 3/2/2009 | See Source »

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