Business
Condo developers turn to auctions in bid to sell
Roszak/ADC will auction 40 of 100 unsold units in the 233-unit building on March 7. It's a money-losing move, but not one of total desperation. In addition to jump-starting sales, the goal of the auction is to determine how much the condos would be worth if sold conventionally. It's not the first auction by a local developer willing to take some lumps and move on, and it's unlikely to be the last.
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Stocks mixed after US says it will subsidize mortgage payments
Feb 13, 2009 06:03 -0600 -
DLA Piper cutting 80 lawyers, 100 staff
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Today's BizWrap: Check it out, sign up
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WaMu Web site reveals locations that are closing
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Midway Games, known for Mortal Kombat, files for Chapter 11
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Christie Hefner gets $2M severance from Playboy
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Retail sales have biggest increase since late 2007
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4th-quarter charge puts a bite on Tootsie Roll earnings
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Mr. Beef faces foreclosure
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Phil Rosenthal: Joaquin Phoenix interview with David Letterman helps lighten the mood
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Mr. Beef, popular Chicago River North Italian beef restaurant, faces foreclosure suit
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Idea of aid for homeowners pulls stocks from sharp losses
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Sears launching ServiceLive to connect clients, contractors online
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Greg Burns: With so much anger to go around, Americans are growing numb
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'Mortal Kombat' maker Midway Games files for bankruptcy
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Home prices fall in most metro areas
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U.S. retail sales rise 1%, ending 6-month slide
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David Greising: Indonesia in cross hairs of global economic slowdown
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Starbucks to debut instant coffee
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Cable operator Charter Communications to file for bankruptcy
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DLA Piper to cut 80 lawyers, 100 staffers in U.S.
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FreightCar America to eliminate 80% of jobs at Danville, Ill., assembly plant
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From the business wire
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Japan's economy seen shrinking at more than 10 percent pace in fourth quarter
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Pepsico 4th-quarter profit drops on some charges; adjusted results meet analysts' estimates
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Abercrombie & Fitch 4th-quarter slides 68 percent; retailer withholds guidance for 2009
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Group of 7 Fin Mins seek progress amid tanking economy, slow national responses
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Toyota cutting US executives' pay by 30 percent, offers buyouts; production days will be cut
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Jury rules for widow of Fla. smoker in first of 8,000 lawsuits blaming death on addiction
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Pakistan's economic problems easing but IMF-backed turnaround needs time, says PM adviser
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Euro zone economy shrank by record 1.5 percent in Q4 as industrial output plummeted
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2 Irish Life & Permanent executives resign over Anglo Irish support
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Air France-KLM reports third quarter loss on decline in business class travel, cargo
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General Motors says no plan to sell stake in Shanghai joint venture with SAIC Motor Corp
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Australian parliament endorses $28 billion economic stimulus package
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Toyota cutting US executives' pay by 30 percent, offers buyouts; production days will be cut
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Gov't: Money manager Nadel pondered book deal, wrote letters to family while on the lam
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New jobless claims by state for the week ending Jan. 31
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Move over Folgers: Starbucks to unveil new instant coffee next week in bid to spark sales
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Office of Thrift Supervision Director John Reich leaving post Feb. 27
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International development bank bet heavily on mortgage debt, saw $1.9B loss to portfolio
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Clarification: Feb. 10 Muzak bankruptcy story
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Finance minister: French economy expected to shrink by at least 1 percent in 2009
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UK's Brown defends appointment of banking regulator who quit over whistleblower allegations
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Russian Prime Minister Putin backs more tax cuts for oil sector as short-term stimulus measure
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German economy shrinks by 2.1 percent in 4th quarter as recession deepens
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Volkswagen and Toshiba sign letter of intent on electric drives, batteries cooperation
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Credit card users would get new protections under proposed regulations
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Viacom 4th-qtr profit falls as US economy hurts growth, absorbs restructuring charge
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Coca-Cola 4th-qtr profit drops on stronger dollar, write-downs but beats Street estimates
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Freddie Mac says average rate on 30-year fixed mortgages falls to 5.16 percent
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Swiss-Swedish engineering giant ABB reports 88 pct drop in 4Q net profit on one-off provision
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Loss-ridden Swiss Re says CEO Jacques Aigrain is stepping down, to be replaced by his deputy
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Dollar mixed as lawmakers announce agreement on stimulus bill, trade deficit narrows
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Fillon rejects protectionist claims, says it has rights to protect own workers first
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US businesses slashed inventories 1.3 percent in December, biggest cut in 7 years
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Businesses slashed inventories 1.3 percent in December, biggest cut in 7 years
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Diageo warns of job cuts as it lowers full-year profit forecast despite strong first half
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Customers of Peanut Corp.'s Texas plant began pulling products even before state order
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Chinalco agrees to invest $19.5 billion in miner Rio Tinto to create 'strategic partnership'
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Nissan reviewing tie-up plans with Chrysler amid financial woes
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Microsoft hires Wal-Mart veteran to oversee new retail store plans despite recession
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Waste Management posts drop in 4th-quarter profit on recycling downturn, charges
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US stocks signal lower open following mixed readings on unemployment claims, retail sales
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Brazil stocks fall Thursday amid concerns about US bank bailout plan
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Retail sales up 1 percent in January, biggest increase since November 2007
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French oil giant Total falls to euro794 million loss in 4Q as oil price collapses
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Administration weighs plan to use taxpayer money to cut mortgage rates for troubled borrowers
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House panel adopts bill that would expand oversight of financial instruments blamed in crisis
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China investigating milk products, baby formula for melamine, unapproved additive
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Rep. Barney Frank assumes more protection for disbursement of Part 2 of $700B bailout fund
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Japanese electronics company Pioneer to cut 10,000 jobs globally
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Retail sales rise unexpectedly in January, but it may be a blip as jobless claims remain high
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Will the stimulus work? It will help, but don't expect quick turnaround for jobs, economy
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Aetna fourth-quarter profit falls 57 pct on investment losses, severance costs, other charges
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Gold prices rise, closing near $950, as investors question effectiveness of stimulus bill
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Treasurys finish mixed after auction of $14B in 30-year bonds
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Coca-Cola 4th-qtr profit drops on stronger dollar, write-downs but beats Street estimates
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Banks, investment firms borrow less from Federal Reserve as credit markets improve
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Auto parts suppliers step up for their bailout, with the fate of automakers perhaps at stake
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Cable operator Charter Communications to file Chapter 11 to reorganize debt
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Viacom 4th-qtr profit falls as economy hurts growth, absorbs restructuring charge
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TVA says cleaning up massive Tenn. coal ash spill could cost as much as $825 million
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Fla. woman's question to Obama brings attention to plight of homeless in tough economy
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Fed: Americans' net worth hit hard by recession as value of stocks, homes, businesses decline
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Median home prices fell in 88 percent of US metropolitan areas in fourth quarter of 2008
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