Archive | January, 2010

Consumers cut purchases, but criticize disposal of goods

The liquidation of the Waldenbooks chain this month would probably have been just another blip on the bleak retail landscape — until some employees confronted a mountain of unwanted books.

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Giving a werewolf a hoot

Not every werewolf is a howl. Some are a hoot.

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Puny CD rates linked to weak loan demand

Interest rates on certificates of deposit in central Arkansas have dropped to an average of 1.19 percent, according to a survey of 36 banks with branches in the Little Rock metropolitan area.

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Refilled shelves no store priority

A year ago, retailers spent January drastically cutting prices to clear inventory that didn’t move during a recession-plagued Christmas shopping season.

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Airlines bumped more passengers, ’09 records show

Based on the numbers, America’s major airlines are doing a better job of getting passengers to their destinations on time and with luggage in tow.

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Canal project to cut costs, steer cargo away from rail

Chinese toys and sneakers headed to Wal-Mart Stores Inc. and Target Corp. on the U.S. East Coast will have an alternative to the railroads as the expansion of the Panama Canal slashes the cost of shipping the goods by sea.

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Carmakers betting on commercial vans

Ford Motor Co.’s Transit Connect, a business vehicle used to haul goods such as food and paint, is leading a new wave of delivery vans that will help compensate for profits lost when Americans fell out of love with pickups.

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We speak what we eat

Greeks do not spend but eat time. They eat their years studying and working, but also their liver, when they try hard to achieve what they want. Greeks eat their words, when they forget, are stressed or say fat lies.

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Lagerfeld debuts seamlessly

The night before his recent spring haute couture show, Karl Lagerfeld was in his studio at Chanel putting the final accessories on the models, which considering their size and gauzy air was a little like clipping earrings on a giraffe while it munches calmly on a tree.

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Christie’s sees art market revival

Christie’s International said that it is confident of the art market recovering after sales declined 24 percent in 2009, a “demanding year.” Total sales decreased to $3.4 billion, the London-based auction house announced Thursday. Revenue from contemporary art was the most badly affected by the economic crisis, falling 59 percent to $394.3 million.

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