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...furnishing retailers, but like Borders, Pier 1 wasn't performing well even before the collapse. "Merchandising was stale, they were relying too much on selling wicker furniture, the price points were probably too high and there was store saturation," says Anthony Chukumba, an equity analyst at FTN Midwest Securities Corp. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Retailers on the Ropes: Can These Companies Survive? | 1/29/2009 | See Source »

Convenience store and newsstand operator Muckey’s Corp. signed a lease to take over Out of Town News earlier this week, rescuing the iconic Harvard Square kiosk from an uncertain future...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Square Kiosk Finds New Owners | 1/28/2009 | See Source »

Last year the Pentagon paid the Raytheon Corp., its fifth largest contractor, a cool $10 billion for its missiles, missile shields and a constellation of electronics. This year President Barack Obama is putting Raytheon's recently departed top lobbyist in charge of the Pentagon's day-to-day management...

Author: /time Magazine | Title: Obama's Lobbyist Ban Meets a Loophole: William Lynn | 1/27/2009 | See Source »

...trial, which will test a stem-cell-based treatment for spinal-cord injury, will begin later this summer and will use cells generated by Geron Corp. The approval marks the first time human stem cells, extracted and grown from embryos, will be transplanted into patients. Adult stem cells, which are present in many types of tissue, have been used in treatments for years - the most common being bone-marrow transplants in cancer care - but an embryonic study is a whole new thing. There's a good reason it's being greeted with so much excitement. (See the top 10 medical...

Author: /time Magazine | Title: Cautious Optimism for the First Stem-Cell Human Trial | 1/24/2009 | See Source »

...shut down James Ossie's high-flying currency trading outfit, CRE Capital Corp., based in Atlanta, and charged Ossie with allegedly bilking 120 investors out of $25 million. Not exactly Bernie-level action, but for investors who believed Ossie's "little-risk currency-trading contracts" pitch, it goes down as a dark day for their bank accounts...

Author: /time Magazine | Title: Beyond Madoff, Ponzi Schemes Proliferate | 1/23/2009 | See Source »

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