economy

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...

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...

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...

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

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.

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...

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...

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...

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...

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.

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.

These are challenging times for the the United States Postal Service.  These are also "changing" times. Ending a policy that has been in place since it's inception, the U.S. Postal Service announced that it will begin featuring images of people who are still alive...