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economy

economy - Page 7

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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(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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GAP Closing One-Third Of It’s U.S. Stores

Telling financial news that the economy in the United States is still suffering:  GAP announced that it will close one-third of it's domestic stores by 2013 - while expanding globally.
Although it is shrinking its retail footprint in the U

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Source:  Williamhartz via flickr
Source: Williamhartz via flickr
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Some Restaurant Chains Prosper With Customers Despite The Economy

Sure the economy has been tough on all businesses - especially restaurants.   But, financial analysts on Wall Street have taken note of some of the more resilient restaurant chains - going so far as to say that they would make good stock picks

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(Photo by Bill Pugliano/Getty Images)
(Photo by Bill Pugliano/Getty Images)
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U.S. Household Income Drops Dramatically Over The Last Two Years

In what appears to be the largest drop in decades, U.S. household income paced negatively the last two years.

During the recession, which economists say lasted from Dec. 2007 to June 2009, the median annual household income fell by 3.2 percent, from $55,309 to $53,518, according to a report authored by two former U.S. Census Bureau officials. But in the post-recession period from June 2009 to June 2011, the figure fell by 6.7 percent, from $53,518 in June 2009 to $49,909 in June 2011.

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Source:  oran viriyincy via flickr
Source: oran viriyincy via flickr
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U.S. Postal Service Using Junk Mail To Solve It’s Money Problems

Call the U.S. Postal Service "crazy".  Just make sure you add "...like a fox" to the end of it.  Plagued with mounting debt and a business model that isn't achieving a profitable return anymore, the United States Postal Service is turning to the bane of many peoples existence to shore up their balance sheet:  junk mail.

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Source:  Roadsidepictures via flickr
Source: Roadsidepictures via flickr
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Ivory Soap Gets A Facelift

One of America's oldest brands is getting a new look!  Proctor & Gamble announced plans to roll out a new logo and package for Ivory Soap.
The remake is part of an effort by the Cincinnati-based company to breathe new life into Ivory. It

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Source:  Greenwenvy08 via flickr
Source: Greenwenvy08 via flickr
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It’ll Cost You More To Save At Costco

Sure.  Why not.  Everyone raises their prices.  Costco announced that their membership fee is going up.
Costco, America's largest wholesaler, said Wednesday it plans to raise its annual membership fees by 10 percent -- a move that will affect some 22 million members

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Source:  sfb579 via flickr
Source: sfb579 via flickr
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Kodak Preps For Bankruptcy

Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company.
Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon

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(Photo by Mario Tama/Getty Images)
(Photo by Mario Tama/Getty Images)
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Grocery Prices Continue To Escalate

No surprise to anyone:  Food prices continue their upward spiral.

The American Farm Bureau tracks the prices of 16 commodity food staples - determining an average price for necessities.
The organization sends volunteers to shop at local grocery stores and focus on a list of 16 items

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Category: Food Tags: , , ,
(Photo by Justin Sullivan/Getty Images)
(Photo by Justin Sullivan/Getty Images)
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Faltering Economy Brings Deals To Fast Food Chains

One good result of the forever-failing economy:  Even-cheaper eats at your favorite fast food restaurant.

It's not because the fast-food behemoths want to go so low. It's because they have to. After some improvement late last year and earlier this year, the $236 billion fast-food industry — with the notable exception of McDonald's — is mostly heading south, again.

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Source:  sparktography via flickr
Source: sparktography via flickr
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Peanut Butter Prices To Skyrocket

Expect to pay more for your next jar of peanut butter.  A LOT more!

The makers of Jif peanut butter have said they expect to raise prices by 30-percent because of higher peanut costs.

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