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New Alarm Over Economy As Retail Sales Plummet
WASHINGTON (AP) - The worst monthly drop on record for retail sales set off new alarm bells about the U.S. economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession. ...more
November 16, 2008
Apple's Profit Up 26% Behind Stellar iPhone Sales
Booming sales of the newest iPhone led Apple to a stellar fiscal fourth-quarter report, defying predictions that the tumultuous U.S. economy would hold the company back. Despite the blockbuster performance, which sent Apple's shares soaring in after-hours trading, the company issued what it called "prudent" predictions for the current quarter, because of broader economic uncertainty. ...more
October 22, 2008
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