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Airlines: People Won't Fly, So We'll Raise Fees

Fri Nov 20th, 2009

Lisa LaMotta

Airlines say it’s the right time to fly, touting cheap fares and less crowding, but special holiday fees could keep travelers grounded on Turkey Day and well into next year. The Air Transport A

Goldman, Beaten But Unbowed

Fri Nov 20th, 2009

Josh Lipton

More than most, the PR department at Goldman Sachs (GS) must be looking forward to the weekend: It just spent the last few days getting pummeled like Apollo Creed. Today, the hits kept right on comin

J.C. Penney CEO Bullish on Recession

Fri Nov 20th, 2009

Associated Press

This holiday season, J.C. Penney (JCP) CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle

In an Era of Savings, Make it Automatic

Thu Nov 19th, 2009

Gary Stern

Given the choice between immediate gratification and savings for the future, most Americans opted for new Italian loafers or a flat screen TV. Bucking that trend is the recent 6.9% saving rate increa

Low Inflation? Not in Prison

Thu Nov 19th, 2009

Justin Rohrlich

The core inflation rate -- which strips out food and energy prices -- slid to an annual rate of 1.4% in the third quarter from 2% in the second quarter. Low inflation, courtesy of a weak economy, giv

Goldman to Pick Up Small Businesses by Their Shoelaces

Wed Nov 18th, 2009

Michael Comeau

Editor's Note: Breaking news from our satire department.Goldman Sachs (GS) is dominating the headlines today with its 10,000 Small Businesses Initiative. The $500 million program will unlock the grow

Why the Sears Story Continues To Be a Sad One

Wed Nov 18th, 2009

Scott Reeves

The US Commerce Department said retail sales rose 1.4% in October, surpassing the forecast 0.9% increase, but look for downbeat numbers when Sears Holdings (SHLD) reports third-quarter earnings Thurs

Assessing the Odds of Our Depression's Shape

Wed Nov 18th, 2009

Mike Mish Shedlock

Economist Brad DeLong, of the Department of Economics at UC Berkeley, is getting increasingly pessimistic. He says the chance of Great Depression now is at 5%:  For 2 1/4 years now I have been

Rags to Riches CEOs: Ursula Burns

Wed Nov 18th, 2009

Lila MacLellan

Ursula M. Burns graduated from college nearly 30 years ago, when “women CEOs were non-existent” and “black women CEOs were unimaginable,” as she told this spring's graduating

Rags to Riches CEOs: Ken Langone

Wed Nov 18th, 2009

Scott Reeves

Getting kicked down stairs at a small home-improvement company made Kenneth Langone rich and has saved millions of do-it-yourselfers big bucks.In 1978, the legendary investor got into a tiff with the
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