In sports, as in the stock market, past performance is no guarantee of future results. But if you’ve got money invested in the companies that make up the Dow Jones Industrial Average, you might want to pull for the …
Archive for January, 2009
How about some good news? Well, okay, some not-so-bad news.
by Jeff Dorsch, January 29, 2009, 1:37 pmLost in this week’s blizzard of bad news — layoffs, pay cuts, multibillion-dollar losses — from US companies (which was accompanied by severe winter weather over much of the country) was the report that two long-time suitors came together and got engaged.
Two companies …
America’s growth sector — the unemployed
by Stuart Hampton, January 29, 2009, 1:14 pmIt’s not quite “Brother, Can You Spare A Dime” time, but Boy Howdy! (as they say in Texas), the ranks of the unemployed are growing at an alarming rate, Companies big and small are engaged in …
Retail Sales to Decline in ’09
by Alexandra Biesada, January 29, 2009, 12:51 pmIt doesn’t take a crystal ball to predict where retail sales are headed in 2009. This week retailers including The Home Depot, Target, …
Want not, waste not — and that’s the problem
by Patrice Sarath, January 29, 2009, 9:39 amWe’re not only consuming less in this recession, we’re throwing out less.
And this is a bad thing. It seems that the garbage business is being hurt by the lack of, well, garbage. Less garbage means a lot less money in tipping fees, what trucks …
Another day, another Chapter 11 filing
by Jeff Dorsch, January 27, 2009, 3:58 pmSmurfit-Stone Container yesterday filed for Chapter 11 protection from creditors, becoming the third large manufacturer of containers and packaging to seek bankruptcy protection in less than a month. It’s the biggest company in its industry to go into Chapter 11, with more than …
Are breadlines in our future?
by Patrice Sarath, January 27, 2009, 10:22 amIs the current recession as bad as the Great Depression?
When economists finally admitted we were in a recession according to standard indicators, the punditry started.
Is it as bad as the Great Depression? What is the same? What’s different?
The stories from the Great Depression …
Uh-oh, Canada. Oil sands development is slowing.
by Stuart Hampton, January 26, 2009, 1:29 pmOnly a few months ago exploiting Canada’s vast oil sands reserves seemed like a no-brainer. With oil futures running at $150 a barrel and a vibrant world economy demanding more oil, the expensive, cumbersome and water-intensive process of squeezing heavy oil from Alberta’s abundant …
Qimonda is kaput; Samsung’s at a loss
by Jeff Dorsch, January 23, 2009, 12:50 pmMemories — always a very tough market in the semiconductor industry, and the market conditions of recent years were particularly bruising. Today in Munich, Qimonda initiated insolvency proceedings for itself and a subsidiary, just weeks after Infineon Technologies (its …
