| Sears' profits 62% lower than year ago |
| Sears Holdings Corp. said second-quarter profit fell 62% as the retailer continues to struggle to attract customers to its stores despite a high-stakes restructuring. The company also said that it expects that its sales and gross profit margins will continue to be pressured as it sees no near-term improvement in the economy. |
| Thu, 28 Aug 2008 07:31:10 EDT |
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| Genomes 'R' Us |
| It took the Human Genome Project $3 billion and 13 years to map the first genome and reduce it to a chemical code six billion letters long. Today, with faster computers and improved techniques, a research laboratory can sequence your DNA in about six weeks at a cost of $100,000 to $300,000. |
| Thu, 28 Aug 2008 07:26:53 EDT |
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| Bad news for NutriSystem |
| Can NutriSystem still produce fat profits if cautious consumers stop spending money to slim down? Last year we recommended the stock of NutriSystem, which was No. 1 on Fortune's 2007 list of 100 Fastest-Growing Companies. But the weakening economy and the pullback in personal spending have hurt the company, which sells diet programs based on its prepackaged meals. The stock is down 64% since we cited it a year ago. (Ouch!) |
| Thu, 28 Aug 2008 07:16:56 EDT |
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| Stocks set for weak start |
| Stock futures pointed to a lower open on Thursday, despite better-than-expected earnings reports from Sears and Tiffany. Investors also await two economic reports set to be released before the markets open. |
| Thu, 28 Aug 2008 07:57:55 EDT |
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| Oil rigs gird for Gustav |
| As the oil industry braced Thursday for Tropical Storm Gustav, prices rose in anticipation of a potentially devastating blow to production in the Gulf of Mexico. |
| Thu, 28 Aug 2008 07:56:47 EDT |
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| Work harder, take home less |
| For most of the past decade, the economy grew much stronger - but middle-class Americans had little to show for it. |
| Thu, 28 Aug 2008 07:05:31 EDT |
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| United to furlough 1,550 flight attendants |
| Read full story for latest details. |
| Wed, 27 Aug 2008 22:41:53 EDT |
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| Steelworker union vote could lead to strike |
| Read full story for latest details. |
| Wed, 27 Aug 2008 22:29:43 EDT |
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| Chrysler hints at sale of Dodge Viper |
| Read full story for latest details. |
| Wed, 27 Aug 2008 18:42:05 EDT |
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| State probes Goldman, Fidelity deal |
| Read full story for latest details. |
| Wed, 27 Aug 2008 16:57:15 EDT |
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| Russia may lessen U.S. poultry imports |
| Read full story for latest details. |
| Wed, 27 Aug 2008 15:55:46 EDT |
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| The economic growth mirage |
| Despite all the talk about the U.S. economy falling on hard times this year, experts are predicting that the economy grew at a more solid pace during the second quarter. |
| Thu, 28 Aug 2008 07:49:00 EDT |
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| U.S. thrifts lose $5.4 billion |
| Read full story for latest details. |
| Wed, 27 Aug 2008 14:02:35 EDT |
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| Bankruptcy filings surge to 1 million - up 29% |
| As things in the economy have gotten worse, the number of people and businesses heading to bankruptcy court has spiked. |
| Wed, 27 Aug 2008 17:43:33 EDT |
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| While US real estate fades, Middle East booms |
| Edward Leftwich loves to show visitors around the Mohammed Bin Rashid Gardens. It's a massive 4,000-building mixed-use project that he just finished constructing for a client in Dubai, complete with hundreds of waterways, roads, and parks. But you don't have to fly to Dubai to see it - the miniature city fits inside Leftwich's office in Atlanta. |
| Wed, 27 Aug 2008 12:24:49 EDT |
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| Dollar mixed on oil, inflation |
| The dollar traded mixed against foreign currencies Wednesday as investors weighed rising oil prices with the possibility that inflation is coming under control. |
| Wed, 27 Aug 2008 16:32:34 EDT |
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| Is your bank safe? |
| More banks are in trouble according to the FDIC. Is your bank next on the list? Here's what to look for. |
| Wed, 27 Aug 2008 11:47:46 EDT |
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| How one bank avoided the meltdown |
| Not every player in banking is getting clobbered these days. BNP Paribas, which sparked part of the very first global credit-crunch panic when it froze three funds on Aug. 9, 2007, may emerge as the bank least affected by the industry's carnage. |
| Wed, 27 Aug 2008 12:27:27 EDT |
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| 2 million troubled borrowers avoid foreclosure |
| Hope Now has helped more than 2 million at-risk borrowers stay in their homes during the past 13 months, according to numbers released by the coalition on Wednesday. |
| Wed, 27 Aug 2008 14:40:12 EDT |
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| Manufacturing saves the day...for now |
| For the second straight month, a key measure of manufacturing activity rose at a much higher than expected rate. |
| Wed, 27 Aug 2008 11:25:32 EDT |
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