Financial news on March 07, 2009
Business and Financial news
1,000 Stanford Financial Workers Dismissed to Save Company Assets
Salaries and benefits for about 85 percent of the company’s employees in the U. S. were discontinued, a court-appointed receiver announced. Read more..
AnnTaylor Stores Posts a Loss and Revenue Falls 20%
The retailer of women’s business attire said its fourth-quarter loss widened as consumers pared spending on clothes amid the recession and the company took a $286.6 million write-down. Read more..
Some Consolation for Those in the Top Tax Bracket
A few shrewd decisions now can lower tax bills under the 39 percent rate President Obama proposes. Read more..
See what else happened on March 07, 2009