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As the number of unemployed consumers climbs, Wall Street analysts say restaurant sales, profits and stock prices are likely to drop, leading to even more layoffs in the restaurant industry. ...more
December 6, 2008
The federal government's $700 billion bailout of the financial industry could help homebuilders and mortgage lenders, but is unlikely to bring fast relief to anybody trying to buy or sell a house anytime soon. ...more
October 4, 2008
Used-vehicle retailer CarMax said Wednesday that it is reducing staffing levels and will temporarily slow its store growth after seeing a sharp drop in car and truck sales because of high gas prices. ...more
August 7, 2008
Alcoa Inc., the world's third-largest aluminum producer, said second-quarter profit fell 24 percent as surging costs for energy and materials outpaced metal price increases. The shares rose after profit topped analyst estimates. ...more
July 9, 2008
Research In Motion on Monday introduced its first major new BlackBerry model in more than a year: the Bold, a high-end model that further demonstrates the Canadian company's desire to make tools for work and play. ...more
May 13, 2008
Starbucks Corp. is experimenting with a cup of coffee for its stores that would add a new, premium product to help fight the first drop in U.S. customer visits in its 37-year history. ...more
February 15, 2008
The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season. ...more
November 29, 2007
Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead. ...more
October 17, 2007
A painful credit crunch is taking its worst toll on the ailing housing market, and its effect on the rest of the economy so far seems limited, the Federal Reserve reported Wednesday. ...more
September 6, 2007
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