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Obama throws $75 billion lifeline to homeowners
...rnment support pledged to mortgage giants Fannie Mae and Freddie Mac is being doubled as well, to $400 billion, as part of an effort to encourage them to refinance loans that are "under water" -- those in which homes' market values have sunk below the amount the owners still owe."All of us are paying a price for this home mortgage crisis, and all of us will pay an even steeper price if we allow th... |
Study: Gift-spending to rise this holiday season
Shoppers buying gifts this holiday season will spend an average of more than $1,000 each, according to a new study from Unity Marketing.This represents an 8 percent increase over last year's average holiday gift budget of $928.So far this year, consumers have spent an average of $1,034 on gifts, 20 percent more than last year, according to Unity Marketing's quarterly "Gift Tracker" survey, which m... |
Jeweler to light Ronald McDonald House
...al holiday lights and holiday gifts for the House's Capital Region location here. A house lighting ceremony is scheduled for Nov. 27. In addition to adding to the Ronald McDonald House's usual holiday festivities, the event will also inaugurate the charity's 25th anniversary celebration."We are grateful to the Bleser family [owners of Northeastern] and to our friends at Northeastern Fine Jewelry f... |
Federal Reserve Cuts Rates to Historic Low
...d other government-backed mortgage businesses.So far, the Fed has only committed $8 billion to those purchases. Officials have been relieved that mortgage rates have come down since announcing the program. Rates on a conforming 30-year mortgages have dropped from 6.64% to 5.28% since the Fed's last meeting, according to HSH Associates, a financial publishing firm. It has been one of the few areas ... |
NRF forecasts dip in Valentine's Day sales
...onsumers will continue buying gifts that are traditional favorites, including jewelry, but they will spend less this year, according to the NRF's 2009 Valentine's Day Consumer Intentions and Actions survey, conducted by Big Research. The study found that consumers plan to spend an average of $102.50 on Valentine's gifts and merchandise, down from last year's $122.98 per person. "A bad economy won'... |
Denver Apparel & Accessory Market to be held in Feb
.A special lounge is furnished for buyers at each market—a place to write orders, make telephone calls, obtain market information and assistance, check coats and luggage or just sit and relax between appointments. Complimentary refreshments are provided.The markets are a joint effort of the Denver Merchandise Mart and the Denver Market Association. The Denver Apparel & Accessory Market ... |
5 Gifts That Will Shock a Techie
...your tech-savvy spouse. These gifts are not only reasonably priced—with only one a smidgen over $200—they're cutting edge. Many of these gifts can be found at electronics stores, and there is still time for a two-day or overnight delivery. You'll not only make any geek happy with these gadgets, you'll startle them with your know-how. Aluratek Internet Radio Spot Satellite Messenger Pulse Smar... |
Report: Same-store sales slow in October
r the holidays, a reduction from the 7.2 percent growth seen in October-to-December sales last year.Retail Forward's ShopperScape survey shows that the majority of shoppers plan to spend about the same as they did last year on holiday gifts. Down-market shoppers appeared the most cautious about holiday spending this year, with more than half planning to spend less than last year or nothing at all.... |
Despite Rough Quarter, Nike's at the Top of Its Game
ely predict demand and manage inventory levels through these volatile times, earnings should remain strong. Currency fluctuations are a concern, but Nike actively engages in currency hedges, so the effects of the strengthening dollar should be muted. Overall, it was a rough quarter for retail, and it will only continue to get worse. Nike, however, seems to be at the top of its game.- Harry Lacheen... |
Holiday season fails to perk up apparel sales
ong the challenges are the absence of anything new or innovative and the lack of anything the consumer absolutely HAS to have.” stated Cohen. Something else of note: this month, 61% of consumers say they plan to focus more on what people need rather than on what they want in their choice of holiday gifts. “After all, how many of us really need another sweater?” asked Cohen. The NPD Group Inc... |
Li-Lo almost puts me off leopard print
...ondon's swanky Landmark hotel gagging for a drink. No champagne (always a bad sign) and no time for pampering as we were ushered in to the main ballroom and took our places on the rows of pink beanbags. We soon discovered the cumbersome beanbags were there to prevent us from leaving once the 'show' had started. The trapped journos were treated to an hours 'comedy' sketch all about periods followed... |
What work? 60 million shop online today
nsumers who couldn't find what they were looking for in the stores will be flooding Web sites on Cyber Monday to shop for holiday gifts, research products and compare prices."Shop.org, a division of the National Retail Federation, is the network for online retailers with 600 members, including the 10 largest U.S. retailers and 70 percent of the top online retailers as ranked by Internet Retailer. ... |
Sotheby's to auction Belgian princess' royal jewels
ble 8.1-carat diamond ring and detachable brooch. Its estimated value ranges from $101,000 to $177,000. The second tiara, by Van Cleef & Arpels, converts into a bracelet and necklace. Its estimated value ranges from $228,000 to $304,000.Several wedding gifts of jewelry will also hit the auction block, including a variety of brooches and earrings from Van Cleef & Arpels and Jean Lantonnois.... |
Tiffany to Open New Boutique in Bologna
...Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or trade names other than TIFFANY & CO. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110. TIFFANY & CO. and TIFFANY are trademarks ... |
Jordan Brand's Educational Grant Program Opens Grant Cycle for 2009-2010 School Year
...ts that will impact student engagement and improve classroom instruction, while Inspiration Grants are awarded to teams of teachers to support scaling-up the implementation of successful approaches developed with Innovation Grants. Previous awardees of Innovation Grants may apply for an Inspiration Grant. Applicants must be public school educators in middle or high schools in order to be eligible.... |
Myshape introduces Valentine’s Day Collection
...heryl Tiegs, Sally Field, and Bette Midler.When it's time to turn up the heat this Valentine's Day, myShape members can luxuriate in stylish, comfortable, high-quality intimates for normal, real women -- including chemises, gowns, robes and more from Julianna Rae. Rae's collection always features clothing that fits women's lifestyles and bodies -- sleepwear you'll never want to take off, camis you... |
Stocks up after GMAC lifeline, retail sales dip
... Americans spent much less on gifts this season than they did last year, according to SpendingPulse, a division of MasterCard Advisors. Retail sales dropped between 5.5 percent and 8 percent compared with last year, the data showed, or between 2 percent and 4 percent after stripping out auto and gas sales.Ever since the Thanksgiving weekend, it has been widely expected that this holiday season wou... |
J.C. Penney 'Doghouse' spot has viewers howling
...lot of thought into Christmas gifts, and then suggests that buying diamond jewelry (from J.C. Penney, of course) is one way to stay out of the "doghouse."The hilarious spot--part of an entire "Doghouse" campaign by J.C. Penney housed at BewareoftheDoghouse.com--is burning up bandwidth all over the Internet. On YouTube alone, the Doghouse spot had attracted more than 1 million viewers as of Dec. 19... |
Sexy Jennifer Ellison's bit of strap and tickle
xer Rob Tickle, 29. The pair — who recently got engaged after dating for eight months — kissed and cuddled while she relaxed after playing Cinderella in panto in Liverpool. The former Hell’s Kitchen champ and Brookside star only took her hands off her fella long enough to pull up the straps on her skimpy top. Maybe that’s what she meant by getting hitched. Lucky guy ... Jen kisses her new fiancé ... |
Economy and housing sales post declines
...d by the Federal Reserve. Mortgage financing has dried up for many potential buyers, further damaging a housing industry struggling with a tide of foreclosures. Wall Street pulled back in quiet trading ahead of the holiday after the reports were released Tuesday morning. The Dow Jones industrial average finished lower for the fifth straight day, falling 100 points to close about 8,419. The Bush ad... |
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