Word: felling
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...they tried to go international, which didn't work," says David Schick, an analyst at Stifel, Nicolaus & Co. Then came the financial storm. Total sales dropped 11.7% during the nine-week holiday period that ended on Jan. 3, and sales at stores open for at least a year fell 14.4% during that time. In addition, the company was woefully late to the e-commerce game; it finally launched its own sales site in May (the brand had partnered with Amazon to move books before then). During the 2008 holidays, Borders.com delivered 2.4% of total sales. Comparatively, Barnes & Noble's site...
...passing on a party. Cadillac, which has sponsored a celebrity go-kart race the past six years, also shuttered its event. Warrick Dunn and Derrick Brooks, who play for the hometown Tampa Bay Buccaneers, had scheduled a celebrity party and golf tournament for Jan. 29-30. But the event fell about $100,000 short of the $200,000 sponsorship goal and was shelved. Even CAA and Octagon, the sports agencies, aren't throwing parties...
Home prices were down nearly 20% at the end of last year, according to two new reports. But there is plenty of further room to fall, say economists who forecast where the housing market is headed. The median sales price of existing homes fell to $175,400 in December, down 15.3% from a year earlier, according to the National Association of Realtors (NAR). And the S&P/Case-Shiller index shows that home prices in 20 cities fell 18.2% in November compared with the year before. Both measures make houses about as expensive as they were...
...capital into the failing real estate market. Instead of purchasing toxic assets with TARP funds, the government should now begin to purchase residential and commercial real estate that is for sale to stop the destruction of property values. Last month the value of housing in the top 20 cities fell more than...
...Within minutes of Motlanthe's announcement, though, the MDC released a statement saying the deal fell "far short of our expectations" of a "just resolution." While not rejecting the deal outright, the opposition party said that its national executive council would meet on Friday to finalize its response...