Feb
19
President orders debt panel
February 19, 2010 | Leave a Comment
President Obama has issued an executive order that creates a bipartisan fiscal commission, the first step in deciding painful decisions that are needed to get the U.S. debt under control. The commission has to deliver a report to the president by Dec. 1 that makes recommendations for bringing annual deficits to no more than 3% [...]
Feb
18
Playboy Has Lower Losses, and Magazine Profits
February 18, 2010 | Leave a Comment
Playboy Enterprises managed to turn a profit last quarter. The media and entertainment company reported a net loss of $27.8 million, or 83 cents per share, for the fourth quarter, compared to a net loss of $146.8 million, or $4.40 per share, a year earlier. Revenue fell 13%, to $60.6 million. And so analysts expected [...]
Feb
12
Burger and beverage recession?
February 12, 2010 | Leave a Comment
I guess the economy really is still very fragile since people are still holding back on buying burgers, soda and beer. Many think that fast food, soft drinks and booze are recession-proof. Truth is, nothing is recession proof. The worst of this downturn may be over, but it doesn't look that way to Coca-Cola, McDonald's [...]
Feb
11
Snowmageddon could cost up to 150,000 jobs in February
February 11, 2010 | Leave a Comment
This month's blizzards may be great for those who plow snow, but they are costing us a lot in jobs. Some economists estimate that between 90,000 and 150,000 jobs could be lost in February, just because the snow kept people home from work and stalled hiring during the month. Previously analysts had been expecting good [...]
Feb
5
Heinz revamps ketchup packets
February 5, 2010 | Leave a Comment
The ketchup packet has been around for over 40 years, and it has had complaints for nearly as long. That it's too messy, too small, too hard to open etc. So in a bid to make customers happier, Heinz is unveiling the first major packaging change to the condiment. It's a smart move by the [...]
Feb
4
Turn your iPhone into a credit card reader
February 4, 2010 | Leave a Comment
iPhone accessory maker Mophie has something interesting to offer iPhone users. A credit card reader for the smartphone that works with a transaction app. The whole thing is essentially an iPhone case, so you can keep the reader attached permanently, as long as you don’t mind the added bulk on your phone. If the app [...]