Word: discounts
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Before long, there were thousands of games on the market, and demand hit a natural high. Pangea dropped the price to $0.99, an enormous discount that initially pained Greenstone - until sales took off. "The incredible sales volume has more than made up for the drop in price," he said. "I initially thought we might sell 20,000 copies of Enigmo over its lifetime on the iPhone, but we've already done almost 500,000 just in five months." That's $1.8 million in sales, according to Greenstone. Cro-Mag Rally, another Top 10 title from Pangea, has sold nearly...
...stockpile of assets. The recent washout has been enough to send some new retirees back to work at least part time and to persuade prospective retirees to put off their plans for a few years. So, yes, times are certifiably tough for this group. I don't mean to discount that. But the news has been so bad lately that every retiree may be fearing all is lost. Yet despite this pervasive sense of dread, here are three reasons things may not be as dire as you imagine...
...emergency surgeries in India. It's a first for WellPoint, but puts the insurer in good company. Over the past few years, some U.S. insurance companies - dismayed at losing income from uninsured Americans who get cheap surergies abroad or clients who choose to pay out of pocket for discount foreign surgeries rather than expensive in-network co-pays - have announced plans to include foreign medical procedures among those covered by health plans...
...guarantee some or all of Citi's debts. That would entail no initial outlay of funds. And with many analysts saying that Citi's books are fundamentally sound, this could be the way to go. With a guarantee Citi would not be forced to sell its assets at a discount, if any of the bank's creditors or trading partners want their money back. That would save Citi from having to write down its assets, which is what would wipe out its equity and send it into bankruptcy. Of course, if the bank does fail, the government could...
...news for retailers, which traditionally get up to 40% of their annual revenue from holiday shopping. Still, there are some bright spots. The Internet should outdo the sidewalk: online retail sales this holiday season are expected to grow 12% over last year, to $44 billion, predicts Forrester Research. And discount chains like TJ Maxx, Wal-Mart, Costco and BJ's Wholesale Club should see strong sales as they hammer away at prices. BJ's third-quarter merchandise comparable sales were up 7% vs. 2007's. "Our position is serving us well in this economic environment," says Laura...