Financial news on August 29, 2009
Business and Financial news
Facing a $7 billion deficit, postal officials argue that as the economy rebounds, so will life-sustaining advertising mail. Read more..
Under the leadership of Joshua Schulman, the luxury brand has been stretching its footwear mix and plans to bring out a scarf and handbag line. Read more..
Americans are generally cutting back, but new reports suggest that car rebates and tax credits for new homebuyers helped lift consumer spending in July. Read more..
Jules Kroll plans to use his corporate intelligence skills to analyze the creditworthiness of companies, an opportunity created by the subprime mortgage crisis. Read more..
Mobile coupons — usually text messages with discount codes sent to a cellphone — are becoming the blue-light specials for the digital age. Read more..
For some, pills like Viagra and Cialis don’t work. And even if they do, there are more cost-effective ways to treat a problem that grows more common with age. Read more..
One adviser offers a formula that helps retirees raise or lower their withdrawals depending on the performance of the stock market. Read more..
The era of easily accessible fossil fuels is likely to be but a brief blip in the history of humanity. Read more..
The pessimism of the investors, 71 percent of those with stakes in the two Cerberus Partners funds, is another black eye for the firm. Read more..
Many makers of organic and natural foods said their credibility depended on ensuring that their products were free of genetically altered ingredients. Read more..