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• Wal-Mart tells other retailers - All Your Base Belong to Us

  Retailers reported some of the weakest sales figures in years with many missing downbeat expectations, as the economic slowdown hit holiday spending. Wal-Mart topped forecasts.

  by badqat at December 04, 2008 14:40 with 395 diggs

• AT&T to Cut 12,000 Jobs

  AT&T is chopping 12,000 jobs, or 4% of its work force, citing economic pressures and a changing business mix. It will also reduce capital spending.

  by badqat at December 04, 2008 14:30 with 567 diggs

• Hotel Spends $200,000 on Home for Ducks

  The 24-by-12-foot enclosure features granite floors, a large viewing window, a scaled-down replica of the hotel and a swimming fountain adorned with two bronze ducks. Jason Sensat, the hotel's duck chief, said the birds seem happy in their new home.

  by Burento at December 04, 2008 05:44 with 420 diggs

• $500,000 Parking Space? No Recession in Vail, I see...

  The latest price for a spot in Vail’s Founders garage, located in the Village across from the Christiana, is $500,000. “That’s what I think the going rate is going from now on,” said Buzz Schleper, the spot’s owner. “There’s always somebody out there who has money to spend on a good Vail parking spot. I’m sure it’ll sell. There’s no hurry."

  by naturalpapa at December 02, 2008 03:21 with 312 diggs

• Year of the Thaw: CNN's 2009 Economic Forecast

  In the third quarter of 2008, consumer spending was expected to fall for the first time since 1991 - an inducement to retailers to trim prices in 2009. Most economists expect consumer prices to rise by less than 3% next year.

  by jaybol at December 01, 2008 23:24 with 349 diggs