Financial news on November 29, 2008
Business and Financial news
The nation’s retailers are facing weak sales, reluctant customers and the prospect of the worst holiday shopping season in decades. Read more..
As the holiday shopping season begins, consumers in America say they are less interested in consuming than at any other time in the past four decades. Read more..
Mr. McKelvey jumped into Internet commerce as the executive who built Monster.com into the leading job recruitment Web site. Read more..
Harry Hurt III takes a turn at sportscasting for ESPN during a football game between Syracuse University and the University of Connecticut. Read more..
Compared to last year, the British pound has dropped substantially, with retailers hoping to lure American tourists while also enticing Britons to shop at home. Read more..
Eli Lilly withdrew its application for approval of the antidepressant Cymbalta as a treatment for chronic pain, after regulators questioned whether the drug was shown to work for that purpose. Read more..
Some in Britain fear that the government’s plan to borrow and spend to counter the current recession may lead to a run on the pound. Read more..
Goldman Sachs Group won approval for a New York State banking license to transform into a bank holding company and take deposits. Read more..
A Chicago-based truck dealership is seeing the effects of the credit crisis far more clearly than most policy makers. Read more..
The television market offers a glimpse of the broader tensions between cautious consumers and desperate retailers. Read more..