Word: steves
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...Steve Sheraton, the magician behind Las Vegas-based Hottrix, a magic and special-effects shop that developed another (apparent) 2008 top seller, iBeer, said dropping the price on his app may have been a mistake. "I'm not selling more at $0.99 than I was at $2.99," he said of the entertaining little app that simulates a glass of beer: put the phone to your lips, tip it and you can "swallow" the beer. He dropped the price as part of a presidential sale on Election Day but said he'll raise it again soon to test his theory. Sheraton...
...reinforce the urgent need for progress, Gettelfinger brought in Steve Girsky, managing director of Centerbridge Partners, who briefed the joint meeting of the Union's General Motors, Ford and Chrysler councils about the situation. "They asked me to explain how they got into this situation and I did," Girksy told TIME. He declined to offer any details of the sobering briefing but said the situation was "grim...
...block away at Steve Madden, manager Francesca Ruggiero lamented that the store hadn't even sold $4000 worth of footwear by 9 a.m., even though it had opened at 6 a.m., an hour earlier than last year. Next door, Victoria's Secret manager Linda Petar told TIME, "We're on target," although by 8:45 a.m. the shop had sold less than $80,000 worth of merchandise toward its goal of $650,000 for the day. Other stores, including Perfumania, Fossil and Aerosoles all looked fairly desolate by 8 a.m., despite the perky signs beckoning, "Come In. We're Open...
...Federal Communications Commission (FCC), which regulates jamming. The demonstration, however, drew opposition from the cell-phone industry's lobbying arm, CTIA - The Wireless Association, which sent a letter to the FCC urging the agency to block CellAntenna from "brazenly" violating federal law. The association's chief lobbyist, Steve Largent, a retired professional football player and former Congressman, said jamming could interfere with emergency phone calls and public safety communications. But the demonstration went forward. CellAntenna used a suitcase-size device to block cell-phone signals in a large auditorium, showing how a defined area could be jammed...
...Already, some 20 retailers have sought bankruptcy protection this year, with such household names as Circuit City, Steve & Barry's, Linens 'n Things and Mervyns going under. Of those four, only Circuit City is attempting to restructure its business, closing 155 stores by the end of the year in an effort to emerge as a leaner operation. The other three plan to liquidate altogether, a trend that is on the rise as a result of the lack of potential buyers for troubled assets and a tightening of credit offerings by banks. "The days of restructuring are gone," says Howard Davidowitz...