Reuters – U.S. consumers cut spending for a sixth straight month in December and their incomes shrank, according to a government report on Monday that underscored the rapid deterioration in the economy.
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Consumer spending falls, savings jump
(Reuters)
February 2nd, 2009 · 1 Comment
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Dow and S&P slip on banking worries
(Reuters)
February 2nd, 2009 · No Comments
Reuters – The S&P 500 and Dow fell on Monday as uncertainty over the future of the banking sector persisted and investors fretted over a lackluster earnings season and warnings of more weakness to come.
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How to fire right
February 2nd, 2009 · No Comments
Unlike many of his management consulting peers, Tom Peters deems across-the-board staff cuts “dumb” and multiple rounds of layoffs counterproductive.Read More… [Source: Small business news - CNNMoney.com]
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‘My online store gets just one sale a month!’
February 2nd, 2009 · No Comments
Dear CNNMoney.com: I have owned and operated a retail storefront for the past three years. I recently launched an online e-commerce Web site. I have paid an SEO guy each month and have aggressively marketed the site, but I’m only getting one sale a month. I am losing faith in all of the work, time [...]
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After horrid January, stocks eye stimulus
(Reuters)
February 2nd, 2009 · No Comments
Reuters – Investors are hoping swift action on an economic stimulus plan will boost Wall Street next week after its worst January ever.
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Business structures 101
February 2nd, 2009 · No Comments
LLP, LLC, S-corp and C-corp: It’s not just alphabet soup! A breakdown of what you need to know, in layman’s terms.Read More… [Source: Small business news - CNNMoney.com]
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Rio in asset sale talks with Chinalco
(Reuters)
February 2nd, 2009 · No Comments
Reuters – Global miner Rio Tinto Ltd/Plc said it had held talks to sell some assets to Chinese government-owned aluminum maker Chinalco, its biggest shareholder, reportedly to cut debt by up to $8 billion.
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Off the runway, onto the sales floor
February 2nd, 2009 · No Comments
Times are tough in the modeling industry, but during the two months following the Wall Street meltdown, a small agency called Eye5 saw its revenue spike to $114,000 from $65,000 in the same period the year before. How did that happen?Read More… [Source: Small business news - CNNMoney.com]
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Saving a kosher fish biz
February 2nd, 2009 · No Comments
In search of lox, gefilte fish and other traditional delicacies, generations of New England Jews have patronized Springfield Smoked Fish. Founded in 1934 in Springfield, Mass., the company produces more than three dozen fish products using recipes its founders brought from Eastern Europe. Certified kosher, the business follows strict rules in processing its herring, salmon, [...]
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8 places to get cash
February 2nd, 2009 · No Comments
Turned down by the bank? Try these alternate funding sources.Read More… [Source: Small business news - CNNMoney.com]
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