Magazine Ad Slump Persists
The number of ad pages in U.S. consumer magazines fell 8.2% during the first quarter from a year ago, pulled down by drops in ads by automotive and food companies.
Fisker mulls bankruptcy as investor search persists: sources
NEW YORK/DETROIT - Fisker Automotive, the U.S.-backed maker of luxury plug-in hybrid sports cars, has hired law firm Kirkland & Ellis to advise it on a possible bankruptcy filing, a source said on Thursday, while executives continue their search for a strategic investor.
Found 1 month ago on channel Reuters
Panasonic stays in TV business, chairman resigning
TOKYO -- Panasonic's president said Thursday the company will persist with trying to fix its money-losing TV business, characterizing an exit from the fiercely competitive industry as a "final resort."...
High gas prices persist despite US oil boom
The U.S. is increasing its oil production faster than ever, and American drivers are guzzling less gas. But you'd never know it from the price at the pump.The national average price of gasoline is $3.69 per gallon and forecast to creep higher, possibly approaching $4 by May."I just don't get it," says Steve Laffoon, a part-time mental health worker, who recently paid $3.59 per gallon to fill u...
Found more than 1 month ago on channel MSNBC
U.S. Stocks Fall on Cyprus Bailout
(NEW YORK) — Stocks fell for a second day on Wall Street on concern that a proposed bank bailout for the Mediterranean island nation of Cyprus could cause the euro crisis to flare up again. The Dow Jones industrial average was down 39 points, or 0.3 percent, to 14,472 as of 11 a.m. EDT. The Dow fell as much as 110 points in the early going, before recouping some of its loss. The Standard & Poor’s 500 index fell eight points, or 0.5 percent, to 1,552. The Nasdaq composite dropped 17 points, or 0.5 percent, to 3,232. Cyprus is proposing a hefty levy on bank deposits as a condition for a national bailout. The proposal roiled international markets and the measures are stoking fears of bank runs in the other 16 nations that use the euro. Concerns persist about the euro-region’s lingering debt crisis, despite a strong rally in stocks since the start of the year that pushed the Dow to record highs. The index fell 1.6 percent Feb. 25, its biggest wobble this year, after elections in ...
Sharp Drop in US Homes Lost to Foreclosure in February
LOS ANGELES — While the nation’s foreclosure woes persist, new data show they’re easing amid a resurgent housing market, rising home prices and efforts by some states to buy homeowners more time to avoid losing their homes. The number of U.S. homes repossessed by lenders last month fell 11 percent from January and declined 29 percent from February last year, tumbling to the lowest level since September 2007, foreclosure listing firm RealtyTrac Inc. said Thursday. Some states continued to see sharp increases in homes lost to foreclosure last month, including Washington, Wisconsin and Iowa. But home repossessions declined both on an annual and monthly basis in a majority of states, including past foreclosure hotbeds such as California, Georgia and Arizona. All told, 45,038 U.S. homes completed the foreclosure process in February. That’s less than half of the 102,000 homes lost to foreclosure in March 2010, when home repossessions peaked, according to the firm’s records, which go ...