Word: monday
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...Scary stuff, indeed, but so far, that worst-case scenario doesn't appear to be materializing. The central bank of the United Arab Emirates promised on Sunday to stand behind the country's banks with fresh liquidity, causing stock markets in Asia to rebound on Monday. Nevertheless, the Dubai debacle is just the kind of dangerous unknown that can still arise out of the financial crisis, even while a general recovery is under way. Financial crises change the rules of the game, especially when it comes to determining how money flows, and where and to whom. Perceptions of risk among...
Bargain-hunting shoppers turned out in droves for Black Friday markdowns, but they didn't open their pocketbooks as widely as last year, according to several retail firms tracking the data. As a result, retailers are only cautiously optimistic heading into the mainstream holiday season, including today's Cyber Monday, and experts believe that many stores will likely have to revamp promotions and discounting plans to ensure that inventories will be cleared by Christmas. (See pictures of people shopping on Black Friday...
Already, retailers are moving aggressively. On Cyber Monday HP was offering a 15.6-in. laptop for $299.99, BestBuy.com was touting a 22-in. Toshiba LCD TV for $279.99 with free shipping and Walmart was hawking a Nintendo Wii "Value Bundle," including the console and several games...
Harvard Law School announced Monday that it is likely to scale back a program launched in 2008 that waives third-year tuition for students planning to pursue careers in public service, as University-wide budget cuts force schools to re-examine financial aid allocations...
...Monday, on a highway cutting through a banana grove, a large force of gunmen - reports say around 100 - intercepted the convoy of family members and supporters of Buluan vice-mayor Esmael Mangudadatu, also from a prominent local Muslim clan. They were on their way to the provincial capital to file his candidacy papers for Maguindanao's governorship in next year's general elections. It's a position that Ampatuan's father had occupied unopposed since 2001 and which Ampatuan planned to contest to keep the seat in the family. The Mangudadatu group was herded to what appears to have been...