Retail layoffs could accelerate with a vengeance over the next year as the industry struggles with a newfound frugality among Americans, continuing weakness in the housing market and thousands of auto dealerships slated to close.
Jobs recovery: Wait till next year
The days of cataclysmic layoffs may be waning, but companies are still cutting every position they can spare. Employment at America's small businesses, those with less than 50 employees,...
Stocks stage pullback
Stocks dipped Friday as strong results from the banking sector and General Electric and a housing market report that trumped forecasts failed to motivate investors at the end of a strong week...
Stocks poised for mixed start
Stocks were set for a mixed open Friday ahead of second-quarter financial reports from financial heavyweights Bank of America and Citigroup, as well as government data on the beleaguered...
Bob Shiller didn't kill the housing market
It's noon in New Haven, and Yale economist Robert Shiller and I are leaving his office to walk down the block for pizza. It was a damp morning, but now the sun is breaking through the clouds....
Detroit homes, $12K...I'll take 5
Detroit's housing market is heating up. The city's median home price has fallen 32% to $77,700, and these cheap houses have got sales jumping, with volume up 23% in April compared with April...
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