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Monthly Archive May, 2009

GM to close up to 300 dealerships

May 21, 2009

General Motors of Canada confirmed today it has sent letters to about 300 dealerships that will close by the fall of 2010 under the ailing […]

economics - Comments closed

Home Depot’s profits rise despite lower sales

May 20, 2009

ATLANTA – Home Depot says fiscal first-quarter profit climbed 44 per cent on fewer charges.
The largest home improvement retailer in the U.S. beat Wall Street's […]

economics - Comments closed

AIG launches IPO process for Asia crown jewel

May 19, 2009

AIG is to speed up plans to list its Asian subsidiary through an IPO that could raise more than $4 billion, as the bailed-out […]

management, money - Comments closed

Checketts proposes $74 million renovation of Kiel Opera House

May 17, 2009

If all goes according to David Checketts’ plan, the Kiel Opera House will be open for holiday shows before Christmas of 2010.
The Blues […]

management, term - Comments closed

Trucking continues to lag

May 16, 2009

Looking for signs of economic recovery? Try counting the number of trucks on the road.
Trucks carry almost all of the manufactured and […]

economics - Comments closed

Inspection of gadgets predicts global power surge

May 14, 2009

The number of TVs, computers, iPods and other electronic devices in the home is expected to jump threefold by 2030 and will require the equivalent […]

online - Comments closed

Ford shares sink on share offering

May 13, 2009

NEW YORK–Ford Motor Co. shares dropped almost 9 per cent Tuesday morning, a day after disclosing a public offering of 300 million shares of […]

marketing - Comments closed

U.S. Recovery May Start, Then Sputter as Zarnowitz Rule Is Bent

May 12, 2009

The Zarnowitz rule may live, but not for long.
The current contraction may so far be following the economic law named for Victor Zarnowitz, […]

management, marketing - Comments closed

Toyota loses $4.4B in worst year ever

May 10, 2009

TOKYO – Toyota Motor Corp. lost 765.8 billion yen ($7.7 billion (U.S.)) in the January-March quarter – a bigger loss than General Motors reported – […]

marketing - Comments closed

Barclays profit up 15 percent on strong BarCap

May 7, 2009

Barclays Plc said its first quarter profit rose 15 percent from a year ago as strong growth at its investment bank arm made up […]

economics, legal - Comments closed