Holiday E-Commerce Spending Even Worse Than Expected

Yikes: Holiday e-commerce spending was even worse than projected.
holiday e-commerce spending totaled $25.54 billion, down 3% year-over-year from $26.33 billion during a similar period last year. That's worse than the 0% year-over-year change comScore expected.
Last year, e-commerce spending grew roughly 20% year-over-year during the same period.
Traffic winners: Apple (AAPL), whose site received 19% more unique visitors from Dec. 1-24 than Read the rest of this entry »

November 30, 2008 | , , , , , ,
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Dingell ouster another blow to state

PUBLISHED: November 30, 2008
As if Michigan needed any more problems, U.S. Rep. John Dingell's ouster last week as chairman of the powerful House Energy and Commerce Committee served as yet another blow to the state's economic outlook.
Dingell, the ranking member of the committee since 1981, was defeated by U.S. Rep. Henry Waxman, a California colleague who made a surprising challenge for the post that appeared to stun the Dingell camp and many Read the rest of this entry »

November 30, 2008 | , , , ,
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Half-full? Even bars are feeling effects of recession

Bars are immune to a bad economy, it’s often said. Even in hard times, the theory goes, people will still buy a few beers to escape their troubles.
But is the theory true?
Not for Josh Harris.
“I’ve read all that stuff, that we’re recession-proof,” said Harris, co-owner of the Front Porch Pub in Midtown and the Porch Swing Pub in the Heights.
“It may be true a little bit, maybe not as bad as selling cars. Read the rest of this entry »

November 30, 2008 | , , , , , ,
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Trucking firm Con-way reduces profit outlook, jobs

Trucking operator
Con-way Inc.
on Monday cut its forecast of 2008 profit by about 15 percent and said it cut about 1,450 jobs, or 8 percent of its work force last week, as it struggled with a slowing economy that has reduced demand for shipping goods.
) said it expects earnings from continuing operations between $2.20 and $2.35 per share, down from its previous forecast of $2.60 to $2.80 per share.
Analysts surveyed by Thomson Reuters forecast Read the rest of this entry »

November 30, 2008 | , , , , ,
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China's Ag Dev Bank says '08 operating profit up 37 pct

BEIJING, Jan 5 (Reuters) - The Agricultural Development Bank of China, one of two remaining policy banks, reported a 37 percent increase in operating profit for 2008, the official Financial News reported.
The bank, with a policy mission to support China's agricultural sector with low-interest lending, said it made 20.4 billion yuan ($3 billion) in operating profit last year, 5.5 billion yuan more than in 2007.
Its non-performing loan ratio fell Read the rest of this entry »

November 30, 2008 | , , , ,
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Non-Profit Puts Manning Marching Band Over the Top

GREENVILLE, S.C.--(
South Carolina Enterprise for Excellence, a non-profit
organization dedicated to promoting excellence in public education
across South Carolina, today announced it will provide a $10,000 grant
to Manning High School to help fund their Marching Band’s trip to the
Presidential Inauguration. The Band has been selected by the Parade
organizers to represent South Carolina in the Parade.
Joe Read the rest of this entry »

November 30, 2008 | , , , , ,
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MFRI Announces Third Quarter and Nine Months Record Sales and Earnings

MFRI, INC. AND SUBSIDIARIES
Condensed Statements of Operations and Related Data Three Months Ended Nine Months Ended
(Unaudited) October 31, October 31,
(In 000's except per share data)
Operating Statement Information 2008 2007 2008 2007
Net sales:
Piping Systems $ 37,703 $ 29,584 $ 107,067 Read the rest of this entry »

November 30, 2008 | , , , , , , , ,
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AT&T, Verizon Tumble On Dour Forecast

(Dow Jones) - Giant U.S. phone companies
AT&T Inc.
Verizon
Communications Inc.
have been seen by anxious investors as a near-term oasis for
their money, but an influential analyst says such a view might be a mirage.
cut his earnings forecasts and stock
ratings on both carriers, saying a sharp slowdown in growth appears inevitable
in 2009. He also asserted that Wall Street is overestimating the ability of
to weather a steep recession.
$2.60
Read the rest of this entry »

November 29, 2008 | , , ,
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At last, SF schools get serious about knowledge management

, the San Francisco school district's "director of knowledge management."
Glazer, 31, has joined the district for a two-year stint to, well, manage knowledge. Since the school district's business is, um, knowledge, it's about time someone was hired to manage it, right?
Glazer explains his job like this: "It's giving people the tools they need to be more effective, specifically in respect to sharing information. A school district is based on knowledge Read the rest of this entry »

November 28, 2008 | , , , , ,
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If I Have to Buy 1 Stock in 2009

I spent most of December taking a look at my favorite stocks in different sectors for the year ahead. My due-diligence road trip led me to unearth my top investing idea in the following industries:
In the spirit of the NFL playoffs, I figured I'd take a closer look at my five postseason picks, in hopes of crowning the ultimate champion.
salesforce.com
. The company is championing the cloud-computing movement with its server-based enterprise Read the rest of this entry »

November 28, 2008 | , ,
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