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economy - Page 6

(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Bank Of Walmart Operates Without A Charter

Quick: What does one of the largest retailers in America do when the Federal Government declines their application for a banking charter?  Do it anyway - ala carte.
Four years ago, Walmart abandoned its long-sought plans to obtain a federal bank charter amid opposition from the banking industry and lawmakers

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Source:  David Shankbone via flickr
Source: David Shankbone via flickr
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Occupy Movement Hurts The “Little Guy’s” Economy

The Occupy Movement says that they're trying to help the "little guy".   The irony is that in many cities, their protests are hurting the economy of the small "mom and pop" stores that are located where they have set up camp

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Source:  kodak.com media downloads
Source: kodak.com media downloads
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Troubles Mount For Eastman Kodak; May Not Make One More Year

Eastman Kodak is projected to post a $600 million dollar loss for 2011 and 2012 doesn't look much better.  The once perennial camera company is fighting for it's economic life and experts predict it won't make it another year

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(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Obama’s Diet Pays Off; Gets Clean Bill Of Health

The results of Barack Obama's recent physical have been released.
In a two-page report released by the “first doctor,” Dr. Jeffrey C. Kuhlman gave the president a strong bill of health, saying he was a physically active 50-year-old who eats a healthy diet (the president regularly cites the influence of the first lady, Michelle Obama, for that one), stays at a healthy weight and “on occasion drinks alcohol,” in moderation

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Soure:  kraftfoodscompany.com
Soure: kraftfoodscompany.com
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Kraft Foods Reports Increased Earnings And Potential Growth

Kraft Foods must be doing something right.  Even in a soft economy, they reported revenue yields higher than expectations.   They're also poised for future growth.
Kraft announced in August that it would split its business into two publicly traded companies

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(Photo by Matt Dunham - WPA Pool/Getty Images)
(Photo by Matt Dunham - WPA Pool/Getty Images)
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First Lady To Publish First Book

Grab a side of french fries and ice cream;  Michelle Obama is getting ready to publish a garden book that describes the vegetable garden that's grown on the South Lawn for the last three years.
First Lady Michelle Obama's book about her garden will be titled American Grown: How the White House Kitchen Garden Inspires Families, Schools, and Communities and will be published in April

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(Photo by Mark Wilson/Getty Images)
(Photo by Mark Wilson/Getty Images)
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Walmart Slashes Health Benefits For Some Employees, Raises Premiums For Others

I thought the Health Care Bill was supposed to improve benefits for Americans?

The giant retailer says rising health care costs are forcing it to eliminate healthcare coverage for future part-time workers who work less than 24 hours a week.

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(Photo by Ron Sachs-Pool/Getty Images)
(Photo by Ron Sachs-Pool/Getty Images)
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The Degradation Of American’s Standard Of Living

Even though the recession has been over since mid 2009, American's are struggling with the lowest standard of living they have experienced in over 50 years.

Bottom line: The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009

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(Photo by Brendan Smialowski/Getty Images)
(Photo by Brendan Smialowski/Getty Images)
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Barack Obama’s Teleprompter Stolen

What will he say now?

It appears that Barack Obama's teleprompter and podium has been stolen.
A van containing President Obama's teleprompter and podium were stolen from a Virginia hotel parking lot on Monday, according to NBC12 in Richmond

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Source:  hattiesburgermemory via flickr
Source: hattiesburgermemory via flickr
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Lowe’s Shutting Down Stores, Slowing Future Openings

The flaccid economy continues to present problems for some of the nations largest companies.   With less money available for home improvement-style projects, Lowe's is forced to change their business model

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Soure:  Mintz242 via flickr
Soure: Mintz242 via flickr
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AT&T Bolsters T-Mobile Merger By Donating To Charities

As someone old enough to remember when AT&T was split up in the early 1980's, I find the business cycle interesting:  Here we are again, only this time AT&T is merging with companies to get bigger.

Som

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Source:  nedoho via flickr
Source: nedoho via flickr
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Country Kitchen And Ground Round Among The Disappearing Restaurant Chains

Two names that are familiar to Twin Ports residents are among the list of disappearing restaurant chains.
Using data provided by food industry research firm Technomic, 24/7 Wall St. has looked at the 10 restaurant chains with the greatest decline is sales from 2001 to 2010

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