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BofA CEO Ken Lewis to retire by end of the year

Written on 3 Nov, 2009 at 19:37 in Business | viewed 28 views times | 0 Comments

Bank of America CEO and President Ken Lewis announced Wednesday his plans to retire at year end. Lewis will end a 40-year career with the company, succumbing to nearly a year of strife that followed his company’s acquisition of Merrill... (Continue reading)

Sears to pay record $6.2 million in bias case settlement

Written on 3 Nov, 2009 at 19:31 in Business | viewed 30 views times | 0 Comments

Sears Holdings Corp has agreed to pay a record $6.2 million lawsuit settlement to the U.S. Equal Employment Opportunity Commission, which accused the department store retailer of illegally firing disabled workers. Chicago U.S. District Court Judge Wayne Anderson approved the... (Continue reading)

September’s auto sales plunge; GM, Chrysler hit hard

Written on 3 Nov, 2009 at 19:19 in Business | viewed 41 views times | 0 Comments

Following a government-funded summer sales boom, the U.S. auto industry took a staggering hit in September with sales plummeting 20 percent from the previous month, according to sales figures released Thursday. Hit especially hard were previously-bankrupt General Motors Co and... (Continue reading)

`Cleantech’ could be “next big thing”

Written on 3 Nov, 2009 at 19:13 in Business, Techonology | viewed 88 views times | 0 Comments

With the U.S. economy in shambles and record unemployment, many Americans are increasingly hoping for the emergence of a large-scale breakthrough that will help build industries, create jobs and generate capital. As a candidate for the Next Big Boom, Silicon... (Continue reading)

Economists predict low holiday spending, US retailers brace for critical season

Written on 3 Nov, 2009 at 19:12 in Business, Money | viewed 38 views times | 0 Comments

U.S. retailers are bracing for a difficult upcoming holiday shopping season, according to experts, who say that tight lending coupled with cautious consumer spending could be detrimental to the approaching period critical to economic recovery. Many early projections suggests retail... (Continue reading)

US services sector sees first growth in a year: ISM

Written on 3 Nov, 2009 at 19:11 in Business, Money | viewed 40 views times | 0 Comments

The US services sector grew in September for the first time in a year, according to a survey by purchasing managers released Monday. The Institute of Supply Management said its nonmanufacturing index rose to 50.9 percent from 48.4 percent in... (Continue reading)

Burger King aims at “upscale” makeover

Written on 3 Nov, 2009 at 19:10 in Business, Dining | viewed 66 views times | 0 Comments

As part of a plan to be revealed Wednesday in Amsterdam, the company will announce a massive effort to overhaul its 12,000 locations worldwide. The sleek interior will include rotating red flame chandeliers, brilliant TV-screen menus and industrial-inspired corrugated metal... (Continue reading)

Yahoo! cost-cutting yields 244 pct net profit increase

Written on 3 Nov, 2009 at 18:47 in Business, Money | viewed 26 views times | 0 Comments

Due to aggressive cost-cutting measures, internet giant Yahoo! more than tripled its net profit for the third quarter of 2009 despite a 12-percent decline in revenue, the company reported Tuesday. Yahoo! said its net profit soared more than 244 percent... (Continue reading)

Sun Microsystems cutting 3,000 jobs, blames Oracle takeover delay

Written on 3 Nov, 2009 at 18:46 in Business, Techonology | viewed 44 views times | 0 Comments

Sun Microsystems said Tuesday it is cutting 3,000 jobs over the next 12 months because of the delay in its takeover by US business software giant Oracle. In a filing with the US Securities and Exchange Commission (SEC), Sun said... (Continue reading)

Marijuana writer sought by Colorado newspaper

Written on 3 Nov, 2009 at 18:45 in Business, Entertainment, Health | viewed 39 views times | 0 Comments

DENVER — An alternative newspaper is weeding through a mound of applications in response to a recently-posted ad for what could be the most far-out job in journalism — a pot critic and reviewer of Colorado’s marijuana dispensaries and their... (Continue reading)

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