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Penney reports 51 percent slide in 4Q profit NEW YORK (AP) - J.C. Penney Co. reported a 51 percent drop in fourth-quarter profits as customers sharply cut spending on clothing and other more discretionary purchases as the recession deepened. The department store chain also said that losses in the first quarter would be wider than analysts had predicted amid a deteriorating environment. AOLFuture of Government: A New Kind of Economic Stimulus Last week, when the House of Representatives passed the “American Recovery and Reinvestment Act,” better known as our national Hail Mary stimulus bill, they ladled out billions for infrastructure projects ranging from roads to mass transit to rural broadband. [NB: Update with Senate vote] But the law also contained a measure promoting a less-noted type of economic infrastructure: government data. In the name of transparency, all the Fed’s stimulus-spending data will be posted at a new government site, Recovery.gov. That step may be more than a minor victory for the democracy. It could be a stimulus in and of itself. The reason, open government advocates argue, is that accessible government information—particularly databases released in machine-readable formats, like RSS, XML, and KML—spawn new business and grease the wheels of the economy. “The data is the infrastructure,” in the words of Sean Gorman, the CEO of FortiusOne, a company that build Portfolio``The Beginning of the End`` President Obama signed into law the huge stimulus bill today.At the ceremony, Obama noted that the huge package of tax cuts and federal spending would not change things overnight: 'Today... AboutRrishi Raote: The romance of riches Thinking to write, in these times of furtive spending by surviving millionaires, about early millionaire authors, I entered a search for Alexandre Dumas in the New York Timess online archive. Among the results was an excellent short tribute to Dumas by a journalist named Barnet Phillips (how names have changed) dated July 12, 1902. Phillips met Dumas during the 1860s while on holiday in France. Business StandardObama could change tactics in bipartisan battle - SFGate: Top Stories President Obama clinched a major victory with his signing of the $787 billion economic stimulus bill Tuesday, but his goal of a post-partisan Washington is looking more and more like a mirage. Obama campaigned on a promise to change Washington and spent his... ... NewsRackMarshall Loeb: Stimulus money could help U.S. schools catch up to world Now that Washington is spending so much to revitalize our schools, it's a good time to ask how our children are faring in the classroom compared with other youngsters around the world. The answer is: Not very well. MarketWatch.comSeagate Sues Over Unpaid Legal Costs Disk drive giant Seagate Technology settled a patent fight with Cornice Inc. two years ago. Problem is, according to Seagate, its insurer won't pick up the tab for its lawyers at Fish & Richardson. With the company now suing its insurer, Seagate said in a filing Tuesday that National Union Fire Insurance Co. of Pittsburgh has paid only $4 million of the $10 million it spent on the case. LawRetail consumer satisfaction grows even as budgets tighten The economy is beyond horrible for many, unemployment is creeping up like wild ivy and consumer spending on anything more than the absolute basics is at a near standstill, but there's one bright spot: Those who are shopping like the experience. MarketWatch.comChina promises to keep exchange rate steady - SFGate: Business & Technology China promised Wednesday to keep its exchange rate stable and said it would use part of its $1.95 trillion in foreign currency reserves to boost imports and consumer spending to combat the global financial crisis. Chinese exporters that face plunging sales... ... NewsRackCurrency dispute exposes Moscow rift A senior Russian official has called for the immediate imposition of exchange controls to ensure the foreign currency spent supporting the rouble is not taken out of the country FT.com1 2 3 |
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Feedzilla is a news aggregator which categorizes news stories by topic. It is a platform where webmasters and bloggers can find an unmatched selection of easy to use, automatically updating and professional news widgets for their sites. Feedzilla supports the building of widgets in various formats, as well as allowing the addition of news widgets to different blogging platforms and social networks.
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9th of September 2009 - Interview of Feedzilla's founder at the IFA in Berlin. [More]
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