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Abercrombie & Fitch posted its numbers today relating to its 4th quarter and they weren’t good. Sales for the 4th quarter were down 68% and it only has itself to thank for that.
Chairman and Chief Executive Mike Jeffries said even in the weak economy Abercrombie …

While the economic stimulus package is being debated in the House, JPMorgan and Citigroup have decided to expand their efforts to stop foreclosures.
JPMorgan plans to halt foreclosures until March 6th and Citigroup said it will halt foreclosures “until President Barack Obama’s administration has finalized the …

Starbucks is seeing the effects of expanding too much too fast and now is taking measures to help combat its falling profits.
Enter the value meal. McDonald’s has done a pretty good job stealing away Starbucks’ target market. Now Starbucks is talking about adding a value …

Ford and GM really have a way or reminding us that they are still in trouble. With the Detroit Auto Show going on, both auto companies said today that they are going ahead with the sale of their luxury brands.
Ford Chief Executive Alan Mulally, speaking …

Today Time Warner received thousands of calls from their subscribers asking them not to blackout Viacom’s stations.
As of tonight, no deal has been reached between the two companies.
So, at 12:01 tonight (or in the morning?) 15 million Time Warner customers will no longer receive these …