poll
Up until its recent plunge into bankruptcy, GM had been our nation's second-largest advertiser — behind only Procter & Gamble. The company spent $2 billion dollars annually for the past few years — and though they've recently cut back and fallen into third place behind Verizon, the company apparently plans to continue to spend their pre-bankruptcy budget of $40-50 million a month on ads.
More »
poll
On May 1st, the NFL is pulling its cable channel from
Comcast's cable line-up over a dispute about the cable company's sports tier. As the deadline looms larger and larger, the company is taking their case to the people. David L. Cohen, an executive vice president of Comcast Corp, wrote the following opinion piece for the
Philadelphia Inquirer.
More »
poll
Next week, the 146-year-old
Seattle Post-Intelligencer will probably stop publishing, following the
Rocky Mountain News into oblivion. After its demise, the
Tucson Citizen will probably be the next to go.
More »
poll
Yes, today is the day.
Starbucks will begin servings its new line of "breakfast pairings" (don't call them value meals!). For $3.95 you shall receive coffee and an egg sandwich, oatmeal or coffee cake. It's all part of Starbucks' latest effort to rid themselves of the perception that they are overpriced — which is probably going to be kinda difficult.
More »
poll
Americans took their cost of living raises and stuck them in their piggy banks, says the Commerce Department, pushing the
savings rate to a 14-year high. Not long ago we had a savings rate of 0.1% — now it has skyrocketed to 5%.
More »
poll
Consumers are cutting back — and the AP says that shoppers are abandoning
Target for
even cheaper stores. In addition, Target's credit card division is running into trouble as shell-shocked shoppers aren't able to pay their bills.
More »
blame game
Time wants to know who you think is most to blame for the current financial fiasco. They have a neat community polling application that lets you rate people by their guilt or innocence. Currently at number one: Phil Gramm, chairman of the Senate Banking Committee from 1995 through 2000. Congratulations, Phil! Or, not.
25 People to Blame for the Financial Crisis [Time]
poll
The New York Mets are getting a new stadium. It'll be called
Citi Field and that honor cost
Citibank (and by extension, one
could argue, taxpayers) $400 million.
More »
poll
United Airlines has announced that passengers on flights from New York City to Los Angeles and San Francisco will soon have access to WiFi... for $12.95.
More »
poll
Retailers are hoping that the credit crunch ends and consumers will start spending like crazy again — but
Walmart's CEO Lee Scott doesn't think that's going to happen.
More »
auto bailout
General Motors took out an advertisement apologizing for "disappointing" consumers on Monday, asking your forgiveness for years of incompetance. Do you forgive them?
More »
auto bailout
A majority, 61% of Americans are not in favor of bailing out the auto industry, says CNN/Opinion Research Corp.
poll. Ford, Chrysler and GM have requested up to $34 billion dollars in emergency loans, but a majority of Americans polled thought that bailing out the automakers wouldn't help the economy.
More »
poll
US Airways CEO Doug "OK To Drive" Parker says that US Airways new $15 fee for the first checked bag is a huge success. It's caused a 20% drop in checked luggage — which has improved baggage handling performance — all while adding revenue during a tough time for airlines.
More »
circuit city death watch
The pundits are concerned that shoppers will be reluctant to buy electronics from a retailer that has declared
bankruptcy, because they're worried about whether the store will be there to honor their extended warranties and gift cards. (Ew, extended warranties!)
More »
airline fees
The AP says that the new mergeriffic
Delta will be adding a $15 fee for the first checked bag and $25 for the second checked bag when traveling domestically, which is consistent with Northwest's existing policies.
More »
poll
Everyone seems to agree— this year will be the year of the cheap big-screen tv. The only question remains... will anyone buy them?
More »