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Economic Downturn

Starbucks To Open 150 More European Locations

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Starbucks Corp (SBUX.O: Quote, Profile, Research) is boosting its European presence with plans to license 150 new locations in Br...

Taking Papers Private No Easier Than Running Them Publicly

Fortune | Devin Leonard | Posted 05.25.2011 | Business

NEW YORK (Fortune) -- Brian Tierney was pretty cocky when he and a group of investors bought the Philadelphia Inquirer and its sister, the tabloid Dai...

Most Rebate Checks Going For Bills And Gas, Not Spending

New York Times | Peter S. Goodman | Posted 05.25.2011 | Business

The federal government is showering households with tax rebates to spur spending and invigorate a troubled economy. But many Americans are so consumed...

Consumers In Gloomiest Mood Since 1992

Reuters | Pedro Nicolaci da Costa | Posted 05.25.2011 | Business

Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous abou...

Teen Summer Job Market Weakest In More Than 50 Years

New York Times | Peter Goodman | Posted 05.25.2011 | Business

School is out, and Aaron Stallings, his junior year of high school behind him, wanders the air-conditioned cocoon of the Woodland Hills Mall in search...

What Recession? Ultra-Rich Still Spending Like Crazy

New York Times | Posted 05.25.2011 | Business

Recession? What recession? Judging by the way some wealthy businessmen and women are spending, you'd never guess that the country was in a major econo...

Is The Fed Giving Wall Street A Free Ride?

BusinessWeek | Chris Farrell | Posted 05.25.2011 | Business

Booms and busts are inevitable in a capitalist system. Right now, the Federal Reserve and, belatedly, the U.S. Treasury, are out to avoid facing the t...

Frugal Consumers Swap Steak For Chicken

Reuters | Posted 05.25.2011 | Business

At U.S. warehouse club stores, a growing number of shoppers are giving up steak for cheaper chicken. Coffee sales are soaring at McDonald's, while hig...

Recession Fears: Worry Like It's 1989

New York | Michael Idov | Posted 05.25.2011 | Business

The news keeps coming, each item worse than the one before. New-home sales fall 26 percent nationwide; the U.S. economy loses 17,000 jobs in January; ...