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Published: January 7, 2009
ITunes Changes
Apple Inc. is cutting the price of some songs in its iTunes online store to as little as 69 cents and plans to make every track available without copy protection.
ITunes song prices will come in three tiers: 69 cents, 99 cents and $1.29. Record companies will choose the prices.
Alcoa To Cut Jobs
Aluminum producer Alcoa Inc. said Tuesday it will cut 13,500 jobs, or 13 percent of its work force, and slash spending and output to cope with the global economic slowdown.
The Pittsburgh-based company also said 1,700 contractors will be cut as part of a broad-based plan to reduce costs that includes a global salary and hiring freeze.
A Unique Auction
General Motors' cash problems could give car buffs the rare opportunity to buy some of GM's most unique vehicles at auction next week.
GM's Heritage Center in Sterling Heights, Mich., will sell about 200 of the automaker's 1,000 historic or special vehicles on display, including such unique cars as the 1967 GTO used in the action movie "XXX," a white 1998 Cadillac Brougham convertible made for Pope John Paul II and the hand-built Buick Blackhawk made to celebrate the company's 100-year anniversary.
Airline Discounts
A wave of fare sales has spread across the airline industry as the weak economy continues to put pressure on carriers to fill seats even after they drastically reduced capacity and some expressed willingness to cut more.
Even so, on average base airfares outside of the travel periods for the recently launched sale fares are higher today than in the past few years, said Rick Seaney, head of airfare research site Fare Compare.com. He said there were 30 attempted airfare increases between summer 2007 and summer 2008, two-thirds of which succeeded.
The Associated Press
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