Bad day on Wall Street today, folks. The S&P 500 closed at the lowest level since April 1997.
Retail Services
Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses
By 2.23.09
You know how Merrill Lynch recently lost $15 billion? Remember how we’re in a unbelievably huge global financial crisis that threatens to unravel the fabric of our economy? John Thain says that’s no reason not to pay billions of dollars in bonuses.
Buy In Bulk With Friends From Warehouse Clubs
By 2.23.09
You can save big on groceries by forming a little warehous club buying collective with your friends:
Animation: Target's Spread Across The U.S.
By 2.23.09
Last summer, we highlighted an ominous-looking animation that traced the spread of Walmart stores across the American landscape over the past 5 decades. Now the same guy behind that map has put together a new one, this time tracing Target’s growth.
By 2.23.09
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The Wall Street Journal is reporting that the government may end up owning a 40% stake in Citibank. [WSJ]
Morning Deals
By 2.23.09
Highlights From Buxr
- Amazon: [Magazine] Kiplinger’s Personal Finance magazine for $7 w/ Free shipping
- OfficeMax: [Laptop] Sony VAIO NR Series 15.4″ Notebook PC – REFURBISHED for $399.49 w/ Free shipping
- Ace Hardware: [Home Improvement] 20% Off Everything in Your Bag Event! (begins Saturday, one-day only)
Highlights From Dealhack
- Palm: [Phones & PDAs] Save $100 off All Orders of $299+ including Phone Models
- Banana Republic: [Clothes] Save 20% off Any Order of $100+ Store-Wide
- Gap: [Clothes] Save 30% off Select Maternity Dresses
Highlights From Dealnews
- Newegg: [Audio] Polk Audio 10″ 50W Powered Subwoofer for $100 + free shipping
- OfficeDepot: [PC] HP Pavilion a6700f AMD Quad Core 1.8GHz Desktop for $500 after rebate + free shipping
- Newegg: [Audio] Altec Lansing FX2020 Expressionist Classic Speakers for $70 + free shipping
By 2.23.09
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I think I figured out why Sprint CEO is always walking around New York, looking in diners, and taking taxis. He’s looking for his lost customers. The black and white is because he’s sad.
Citibank Sends Nigerian Scammer $27 Million
By 2.22.09
37-year-old Nigerian scammer Paul Gabriel Amos convinced Citibank officials to wire him $27 million belonging to Ethiopia. Rather than go with the usual Nigerian nom de plumes like prince or will executor, Famous Amos pretended to be an official with the National Bank of Ethiopia. Amos forged “official-looking” documents that confirmed his status with the central bank and instructed Citibank to await faxes telling them where to send the country’s cash.
Verizon Math: $0 Off Equals A 25% Discount!
By 2.21.09
Sigh, someone get a school counselor. It’s two years later and Verizon still hasn’t mastered this whole counting thing. The telecom now believes that selling a $29.99 charger for $29.99 somehow equals a 25% discount. It doesn’t. It equals no discount. Verizon’s board should try this with C.E.O. Ivan Seidenberg’s salary. Pay him the same, but tell him he’s getting a 25% raise for his exemplary counting skills. (Thanks to Justin!)
By 2.20.09
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Here’s a tip: The guy who works at Home Depot but can “get you everything for a discount” is probably not doing something legal. [Bakersfield Now]
Save Money by Spending Money
By 2.20.09
With the economy in the dumper, saving money is back in style. Simply comparing the number of “how to save money on (fill in the blank)” articles this year versus a couple years ago, our informal research shows the relationship at 234,000 to 1. Ok, so we made that up. But it does seem like savings tips are all the rage these days. Unfortunately, the key is finding new money saving ideas…
Market Convinced Banks Will Be Nationalized, Freaks Out
By 2.20.09
Shares of banking stocks are dragging down the markets as investors become increasingly convinced that the banks will be nationalized, says Reuters. Investors are shunning the companies, worried that shareholders will be wiped out in a government takeover, and are fleeing to U.S. Government bonds and gold, which rose to above $1,000 an ounce.
Morning Deals
By 2.20.09
Highlights From Dealhack
- Amazon: [Videocam] Flip Video Ultra 30 Digital Camcorder $80 Shipped
- Amazon: [Shoes] Save Extra $25 off New Balance Shoe Orders
- Jos. A. Bank: [Suits] Save on Clearance Men’s Current Season Apparel
Highlights From Dealnews
- BuyDig: [HDTV] Toshiba 37″ 720p Widescreen LCD HDTV for $599 + free shipping
- Buy.com: [Gadgets] P3 P5080 Telephone Recorder for $30 + free shipping
- Buy.com: [Peripheral] IOGear MiniView 2-Port USB KVM Switch for $30 + free shipping
Morning Deals are purely an informational service for the readers, Consumerist receives nothing in exchange for their posting.
Rumor: T-Mobile Will Offer New 'Loyalty Plans' For Existing Customers In March
By 2.20.09
IntoMobile says that there’s a leaked screenshot going around that suggests new pricing due March 1st from T-Mobile. Among the new plans: $50/month for unlimited anytime minutes, and family plans starting at $90/month with additional lines at $40/month. There’s also a rumored $135 credit if you add a line and move a number over from another carrier. Is it true? We’ll know in about a week.
Sprint Loses Another 1.1 Million Customers
By 2.19.09
Wondering why Sprint CEO Dan Hesse has time to wander around NYC telling people about Sprint products? Well, it’s apparently come to that. Sprint has lost another 1.1 million customers.
When The Economy Gets Tough, The Tough Play Video Games
By 2.19.09
As pretty much every retailer imaginable aside from Walmart loses money — one chain is not only doing fine, it’s actually growing — GameStop. It seems that when the going gets tough — people just want to play video games.
Your APR Is Now 91.29% – Yours Truly, Bank Of America
By 2.19.09
David’s effective APR on his Bank of America credit card is now 91.29%. It’s not a typo or a scam, it’s math.
Morning Deals
By 2.19.09
Highlights From Buxr
- Dell: [PCs] 20% off Inspiron Laptops $899+ w/ coupon 57BVVHT00GJ6FN
- Redoctane.com: [Video Game] Guitar Hero World Tour Complete Band Kit for PS3/Wii/Xbox360 for $139.99 w/ coupon SAVE30 w/ Free shipping
- Dell: [Monitor] ViewSonic VA1926W 19IN WIDESCREEN LCD for $99.99 w/ Free shipping
Highlights From Dealhack
- Amazon: [Groceries] Save Extra $25 off Unilever Grocery & Home Orders
- NeweggMall: [Watches] Extra 10% off Watches with Coupon
- Office Depot: [Notebook] Toshiba Satellite 15.4-inch Dual Core Notebook PC $500 & Free Shipping
Highlights From Buxr
- Amazon.com: [Tools] Milwaukee 1-11/16″ x 3″ Rail and Stile Router Bit for $30 + free shipping
- : [PCs] Sunbeam Acrylic ATX Media Center HTPC Case for $50 after rebate + $10 s&h
- Buy.com: [Netbook] 2.3-lb. Acer Aspire One Intel Atom 1.6GHz 8.9″ Netbook for $259 + free shipping
