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A collection of news and information related to The Goldman Sachs Group Incorporated published by Tribune Company sources.
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Stores' Dismal December Means Prices Should Fall
Associated PressDismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 — not only more sharp discounts and cheaper groceries, but also probably fewer stores. Holiday spending was so anemic that even Wal-Mart...Tags: Sales, Holidays, Gap Inc., Real Estate Sales, Abercrombie & Fitch Company
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The Macy's at Palm Beach Mall is one of 11 that will close
South Florida Sun-SentinelThe dismal retail climate continues as Macy's said Thursday it's shuttering 11 stores nationally, including one operating at the rundown Palm Beach Mall for 30 years. Macy's Inc., the second-largest U.S. department store chain, slashed its annual...Tags: Sales, Holidays, Dillard's Incorporated, Palm Beach Gardens, Wal-Mart Stores Inc.
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Stores confirm holiday shopping season was weakest in decades; more discounts probably ahead
AP Retail WriterNEW YORK (AP) — Dismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 — not only more sharp discounts and cheaper groceries but probably fewer stores. Holiday spending was so anemic...Tags: Supervalu Inc., Quarterly or Semiannual Financial Statements, Sales, Holidays, Gap Inc.
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Prius or Pickups?
MotorTrend MagazineHere's one for all those dimbulbs in Washington who think running a car company ain't that hard: If you were in charge of Toyota, would you have halted work this week on the $1.3 billion factory near Tupelo, Mississippi, that was intended to build the new... -
Meltdown 101: What do gloomy December same-store sales mean for the future of retailers?
AP Retail WriterNEW YORK (AP) — Retailers confirmed fears that the dismal holiday shopping season was the worst in decades when they reported December same-store sales — a figure the retail sector relies on to periodically take its own temperature. What...Tags: Neiman Marcus, Inventories, Sales, Holidays, Saks Incorporated
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Tuesday's market movers
DOW CHEMICAL $1 (7%) to $16.05 Shares of the largest U.S. chemical company jumped after it said it plans to seek more than $2.5 billion from Kuwait for canceling a joint venture agreement and will consider a new partner to invest in its basic-... -
Wyeth, Dutch biotechnology company Crucell in preliminary talks for combination
AP Business WriterNEW YORK (AP) — Drugmaker Wyeth is in preliminary acquisition talks with Dutch vaccine maker Crucell NV, according to a statement from Crucell. The statement came shortly after a Wall Street Journal report saying Wyeth was in talks to buy Crucell,...Tags: Bristol Myers Squibb Company, Technology, Lilly Eli & Co, Johnson & Johnson Incorporated, Medical Conditions
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Christie flirts with NJ gov bid
Associated Press WriterFormer U.S. Attorney Chris Christie and his Republican friends are dropping hints that Christie is ready to jump in the New Jersey governor's race. Though he's publicly flirted with the idea for months, Christie has been coy about making an...Tags: Local Elections, Executive Branch, Justice System, Republican Party, Sharpe James
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Latest data show December was a struggle for merchants as luxury, apparel show big declines
NEW YORK (AP) — More evidence showed that December was a struggle for retailers in the deteriorating economy, though business improved somewhat in the days after Christmas as shoppers took advantage of even bigger deals. According to data...Tags: E-Commerce Industry, Sales, Holidays, Real Estate Sales, Christmas
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Himes To Serve On House Financial Services Panel
Connecticut's newest congressman, Democrat Jim Himes, has landed a slot on the House Financial Services panel. The committee will play a key role as the 111th Congress convenes to tackle perhaps the worst economic crisis since the Great Depression. It...Tags: Chris Shays, Financial Services, Interior Policy, Connecticut, Heads of State
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Borders Group names new CEO, posts lower sales
AP Business WriterBorders Group Inc., which has struggled along with other booksellers as people buy more books online and from discounters, announced a new CEO and other top managers Monday as it also reported weak holiday sales. The Ann Arbor, Mich.-based company...Tags: Sales, Books, Holidays, Crown Books Corporation, Employees
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Report: Sanyo to cut 1,000 workers in semiconductors, home electronics
TOKYO (AP) — Sanyo Electric Corp. is considering cutting up to 1,000 domestic workers in the next few months, as it scales back unprofitable businesses ahead of an expected buyout by Panasonic Corp., a press report said Tuesday. Sanyo may cut 500...Tags: Sony Corp., Employees, Unemployment, Electronics, Semiconductors and Active Components
Jan 9, 2009
|Story| Associated Press
Jan 9, 2009
|Story| South Florida Sun-Sentinel
Jan 8, 2009
|Story| Associated Press
Jan 8, 2009
|Blog| MotorTrend Magazine
Jan 8, 2009
|Story| Associated Press
Jan 7, 2009
|Story| Chicago Tribune
Jan 7, 2009
|Story| Associated Press
Jan 7, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
Jan 5, 2009
|Story| Associated Press
Jan 6, 2009
|Story| Associated Press
