Archive for November 2008

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The Dow Jones industrial average’s 552-point rally yesterday may be short-lived as retailers reported a major cutback in consumer spending and more companies announced huge layoffs, the Associated Press reported.

As of 11:15 a.m. this …

Retail sales suffered the worst monthly drop on record last month as more Americans shunned discretionary purchases amid accelerating job losses in a worsening economy, CNNMoney.com reported.

The U.S. Commerce Department said today that retail …

Des Moines-based Jacobson Cos. announced that it will merge with Dixie Warehouse Services of Louisville, Ky. Over the last three years, Jacobson has acquired five other companies in order to expand its national reach. Those …

Stocks are mixed this morning as more reports show an increase in unemployment claims and foreclosures and more companies cut earnings expectations, the Associated Press reported.

After falling more than 400 points yesterday, the Dow …