Tuesday, June 04, 2013
City Council members are considering a bill that would allow newsstands to sell more expensive items than they do now, like personal hygiene products that cost up to $10. Currently, they can only sell items under $5.
Tuesday, September 04, 2012
By Kate Hinds
The recovery has been very good to the U.S. auto industry.
General Motors said Tuesday its August sales were double the company's expectations and are up 10 percent over 2011 numbers. Ford reports its numbers were up 13 percent. And Chrysler had its best August in five years, posting gains of 14 percent.
These numbers come at a fortuitous time for President Obama, who is making the $85 billion bailout of the auto industry a key talking point of his re-election campaign. Speaking Monday at a United Auto Workers rally in Ohio, Obama told the crowd: "If we had turned our backs on you, if we had thrown in the towel like that, GM and Chrysler wouldn’t exist today."
Read more about auto sales at NPR.
Wednesday, April 04, 2012
If you need proof that the economy is looking up, you need only look as far as your neighborhood car lot, or maybe even your own driveway. This week it was announced that there was a major bump in March auto sales. How major? Chrysler alone experienced a 34% increase in sales over the course of the month. Paul Eisenstein is the publisher of TheDetroitBureau.com. He explains what to make of these auto numbers, and whether they’re sustainable.
Friday, March 02, 2012
The New York Metropolitan Transportation Authority is making "a select number" of the iconic platform furniture pieces available for sale as they switch to metal benches, which are cheaper to maintain.
"Every wooden bench comes directly from the New York City Subway system and will come with its own certificate of authenticity. The benches are 10'7" wide, 1'8" deep, 2'7" tall and are designed to seat six people."
Place your order here. Just don't ask what has spilled on it since 1980 ... or bed bugs.
Friday, November 25, 2011
Black Friday is the biggest shopping day of the year. As always, many stores are opening their doors earlier and extending sales for longer periods of time. Plus there's a rise in consumer confidence this month. So this year, the shopping period looks promising for retailers. It's estimated that 152 million people plan to shop this weekend, according to the National Retail Federation. That's up 10 percent from last year. But despite the good news, the economy is still weak.
Friday, November 04, 2011
By Caitlyn Kim
View the top sellers from the fall Impressionist and Modern art auctions at Christie's and Sotheby's — without having to spend millions — here.
Tuesday, February 22, 2011
Last season, the New York City Ballet and other large dance companies in the U.S. had an average attendance of only 73 percent, according to Dance/USA. But this year, the City Ballet is facing a different attendance issue: sold-out tickets for their entire two-week run of “Swan Lake.”
What changed, you might ask? Two words: “Black Swan.” And one more word: “Oscar.”
Wednesday, January 26, 2011
(Detroit - Noah Ovshinsky, WDET) Toyota released its 2010 sales numbers this week. The company continues to be the top seller in the US market with almost 1.8 million units sold last year. But a closer look at the numbers reveals that sales are trending downward. Experts say recent recalls involving unintended acceleration are mostly to blame. And today's news of further recalls will likely haunt the company well into the future. (Listen to the audio here, or read the story below.) Meanwhile, Toyota continues to struggle to attract younger drivers.
The reason, at least partly, lies in what the drivers I interviewed had in common. Most are either middle-aged or have prior experience with Toyotas. Experts say these are the buyers that will return to Toyota. For the younger generation–it may be a harder sell.
Let’s be clear. Toyota is still a very popular brand in this country. The Camry remains the number one passenger car in the US. For most of the last two years, however, the company found itself in an unfamiliar place.
Tuesday, January 04, 2011
Detroit - Jerome Vaughn, WDET) Detroit’s automakers say their sales began to rebound in 2010.
Industry analysts say consumers who have been waiting for the national economy to improve felt confident enough to make vehicle purchases in the last month of the year.
General Motors sold more than 2.2 million cars and trucks last year. That’s a six percent improvement over 2009 -- the year GM emerged from federal bankruptcy protection.
Ford sold just under two million vehicles in 2010 -- a 15 percent jump in year-over-year figures. The automaker’s F-150 pick-up truck saw sales grow by nearly a third, making it the country’s best selling vehicle. The F-150 has held that title for 34 straight years.
Annual sales at Chrysler rose 17 percent. Company officials say the figures match the goals they set out late in 2009. Demand for the company’s trucks in December showed double digit growth.
Of the major automakers, only Toyota posted lower sales for 2010. They were down about a third of a percent. Throughout the year, the automaker dealt with the negative effects of safety recalls
Friday, November 26, 2010
If Thanksgiving is a day for gratitude, Black Friday is a day for...sales! Right? Not so fast, says our personal finance contributor, Beth Kobliner. Last year, retailers were slashing prices by 80 or 90 percent, but she says bargains just aren't as big this year.
If it's the adrenalin rush of Black Friday shopping you're after, we've got some tips on how to stay sober while walking down the aisle. Our Golden Rule to follow: fifty percent off of something you don't need is not a deal.
Wednesday, August 25, 2010
By Charlie Herman : Business and Economics Editor
A day after disappointing sales results for existing homes in July, sales of new homes sold last month fell to the lowest rate on record, alarming economists.
“The potential for the housing market to drag the economy back into recession is…rising,” said Celia Chen, senior director at Moody’s Economy.com.