Word: consumerized
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Further, even though car dealerships are like ghost towns these days, on-site-service sales rose 2% during the past four months. Paul Taylor, chief economist of the National Automobile Dealers Association, is projecting growth "significantly above 3%" this year. "It's welcome news," Taylor says of the repair rise...
Financial stocks were a big drag on Thursday's market - banks fell 6.6%, led by Bank of America's 14% decline. Real estate-related sectors were also sharp decliners, with home construction stocks falling 9%. Both sectors, finance and housing, are at the heart of the goverment's efforts to...
The fear is that additional recession-fighting measures planned by the Aso government will be sidetracked by Japan's chronic legislative infighting and revolving political leadership (the country is now on its fifth finance chief and third Prime Minister in two years). Japan's parliament, the Diet, has for the...
Barack Obama calls them the Propeller-Heads, the cheerful band of financial nerds he has charged with saving America's economy. And on the Friday before Presidents' Day weekend, they were ready to show him the latest piece of their rescue plan: the 2010 federal budget. Having just squeezed through...
Stanley K. Burrell, better known as MC Hammer, the rapper famous for his 1990 single “U Can’t Touch This,” has made a new career of touching his fans through interactive websites and social media. Yesterday, Burrell shared his knowledge on his...