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With the economy not getting better in the next couple of months, we’ll probably see more brands and stores disappearing.
Last year, Linens-N-Things, KB Toys, Mervyns, Bombay & Co., Aloha airlines, The Sharper Image, all went bankrupt.
This year we could see any of the Big …

Even after a report about manufacturing being the lowest its been in 28 years, Wall Street enjoyed a nice rally today.
The Dow rose 258.30, or 2.94 percent, to 9,034.69, finishing the week up 6.1 percent. The blue chips last closed above 9,000 on Nov. 5, …

When watching oil prices it is a struggle between the economic outlook and other external factors. Yesterday the violence between Israel and Hamas caused oil to jump because of fears of output and exporting problems, but today it fell because of a “grim economic outlook.”
With …

No wonder no one wants to tell us where the bailout money is going or how much. One of the companies who benefited from it, Merrill Lynch and its CEO Peter Kraus. Yes, Peter Kraus benefited from your hard earned money.
How? Well, he was CEO …

Named after Charles K. Ponzi, Ponzi schemes have had a very prominent place in the headlines in the last few weeks thanks to the Bernard Madoff scheme. A Ponzi scheme is defined as an investment swindle in which high profits are promised from fictitious sources …