Financial news on January 5th, 2008
Business and Financial news
With the holiday season now behind us, the nation is awash in gift cards, as stores sold many more in 2007 than they did the year prior. Read more..
Through the first nine months of 2007, three hedge fund managers had made more than $1 billion. Read more..
After increasing at double-digit rates for most of the last five years, corporate profits are about to decline for the second straight quarter, if analysts are correct. Read more..
Worker abuse is still commonplace in many of the Chinese factories that supply Western companies, according to labor rights groups. Read more..
Intel and the One Laptop Per Child group had a rocky relationship from the start in their short-lived effort to get inexpensive laptops into the hands of the world’s poorest children. Read more..
For Web video, lunchtime has become the new prime time, and media companies have started responding. Read more..
The underwriting totals for late 2007 reveal just how hard life became for those charged with selling new securities on Wall Street. Read more..
I have the usual New Year’s resolutions — exercise more, lose weight, be a nicer person. I also hope to find out if I am inadvertently poisoning my children. Read more..
Economists viewed a surge in unemployment as the most powerful sign to date of a possible recessionary downturn. Read more..