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Circuit City may close over 100 stores.

The Wall Street Journal is reporting that Circuit City may close 150 stores and lay off thousands. The closings would also involve liquidating $350 million in inventory so it can pay off some of its debt.
As a consumer, I don’t think I could buy …

NBC Universal to cut $500 million from next year’s spending

Things aren’t looking good for a lot of American companies, and NBC Universal is bracing for another difficult year. It plans on cutting what amounts to 3% of its total budget. A memo from CEO Jeff Zucker says that the cuts from the …

Budget deficit more than doubles from last year.

In Mississippi, an ad keeps running on TV about how when Ronnie Musgrove left the governor’s office he left a $700 million deficit in the state. Tuesday the Bush administration released the budget deficit for the fiscal year ending September 30, 2008. How …

Name brand food companies to up advertising.

Well, it looks like brands like Sara Lee and Kraft are tired of generics beating them out on sales. While other companies (like auto makers) aren’t advertising as much, some of the larger food companies are planning a large ad campaign to get budget …