Lower pay seen for U.S. small business employees
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Tue, 06 Jan 2009 16:26:01 -0500
NEW YORK (Reuters) - Small U.S. business employees, whose earnings eroded in 2008, can expect to earn even less this year as competition grows for jobs, according to a company that processes paychecks for more than 20,000 small businesses on Tuesday.
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Commercial property loans signal deepening stress
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Tue, 06 Jan 2009 17:16:36 -0500
NEW YORK (Reuters) - The number of stressed commercial property loans increased at an accelerated pace in December, challenging a major segment of the U.S. bond market that has shown recent signs of stability.
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Tech companies will stick to safe deals in '09
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Tue, 06 Jan 2009 12:01:34 -0500
SAN FRANCISCO (Reuters) - Technology companies may have wooed rivals with alluring, pricey buyout offers in 2008, but this year, nothing says sexy like safe deal-making.
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Goody's Family Clothing to liquidate stores
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Tue, 06 Jan 2009 12:12:29 -0500
NEW YORK (Reuters) - Goody's Family Clothing, a privately held apparel retail chain which emerged from bankruptcy in October, plans to liquidate its remaining stores as the U.S. economic recession has undermined its ability to continue operating.
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2009: The forecast for entrepreneurs
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Mon, 05 Jan 2009 12:25:54 EST
Small companies ended 2008 with a laundry list of troubles, with sales slow, bank lending frozen, and health care and credit-card costs soaring. Here's what to expect in 2009 on 7 key issues.
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Sharp drop in small biz loans
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Tue, 06 Jan 2009 12:03:22 EST
The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.
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A gadget to track every calorie you burn
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Tue, 06 Jan 2009 15:25:06 EST
After falling in love with the Nintendo Wii's physically demanding sports games, serial entrepreneur James Park, 32, started to ponder other ways to combine video games and fitness. The result: a $99 lipstick-size gadget that clips on to your clothes and uses a motion sensor to track everything from steps taken to sleep patterns and calories burned.
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Secondhand stores shine in downturn
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Fri, 02 Jan 2009 12:56:30 EST
On a Wednesday afternoon in late December, the average wait to sell clothing at Buffalo Exchange, a Manhattan consignment shop, was about 25 minutes. Beyond the front counter, where the consignors sought pocket cash and tax deductions, nearly a dozen shoppers squeezed themselves between overstuffed racks in the 450-square-foot space, seeking bargains amid used designer jeans and last season's cashmere sweaters.
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