December 21 - December 27, 2008
Friday, Dec. 26
The problem with taking so much off on merchandise before Christmas is that there's not much more to cut after Christmas. $MTEntryExcerpt$>
The apparent winner is a private equity firm founded by two former partners from Goldman Sachs. $MTEntryExcerpt$>
Wednesday, Dec. 24
Out of the credit markets arose a crisis to scare, All awakened with panic to the fall of a behemoth named Bear...
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Those were the gains that investors thought they had made with Madoff - except that they were never real. Sound familiar? $MTEntryExcerpt$>
People are feeling helpless because of the economic crisis - and hopeless about things getting better any time soon.
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Last gasp for retailers, deal for IndyMac is imminent, Silverton gets snookered, Madoff losses less than first thought. $MTEntryExcerpt$>
Tuesday, Dec. 23
Portfolio sold only 19,000 newsstand copies of its November issue, which featured on its cover the CEO of L.A.-based American Apparel. $MTEntryExcerpt$>
A hedge fund manager who invested with the alleged scamster was found dead at his Madison Avenue office in an apparent suicide. $MTEntryExcerpt$>
A lot is riding on the Tom Cruise thriller "Valkyrie" - specifically, how much UA parent MGM can generate at the box office. $MTEntryExcerpt$>
Fortune magazine says prices are projected to fall almost 25 percent in 2009. That's worse than Stockton, Riverside and Bakersfield.
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SAG delays strike authorization vote, LAX logjam loosening up, Madoff lieutenant questioned, and SFV home prices edge higher. $MTEntryExcerpt$>
Monday, Dec. 22
Why was a capital infusion to the Pasadena-based lender listed as having been received before March 31 - even though it wasn't?
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Small business owners are really having a tough time just making it into 2009 because they can't compete with the big chains on price. $MTEntryExcerpt$>
Controller John Chiang says that if a budget deal isn't worked out, the state will run out of cash in about two months. $MTEntryExcerpt$>
The nickel-a-gallon increase breaks a weekly streak that goes back to June 16, but at least one consumer group is crying foul.
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Sumner Redstone took by far the biggest hit among media moguls, but plenty of other stock holdings went poof. $MTEntryExcerpt$>
Holiday sales are a big deal, but perhaps more important are balance sheets - specifically, is there enough money to pay off vendors? $MTEntryExcerpt$>
Toyota will lose money, retailers getting desperate for sales, new businesses take a dip, and more stars opposing strike authorization. $MTEntryExcerpt$>
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