Sad News Archives

Nov15
Predatory Lenders Target Habitat For Humanity Homeowners
Boy you just hate to see this. The guiding principle of the nonprofit Habitat for Humanity, founded in 1976 to build affordable houses for underprivileged families, comes from the Old Testament: "If a brother living near you becomes poor, you...
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Nov 9
Toyota Profits Up;US Auto Makers Struggle
This is just more of the same. The gap is closing. Toyota said Tuesday its net profit surged 34 percent in the July-September quarter, boosted by strong sales in the North American and European markets at a time its U.S.... Continue Reading
Nov 2
American Power Conversion Corporation Bought By French
It looks like another US company will end up in foreign hands. French electric equipment maker Schneider Electric SA said Monday it had agreed to buy American Power Conversion Corp., a U.S. manufacturer of backup power equipment, for $6.1 billion... Continue Reading
Oct30
Goodyear Closing Texas Plant. 1100 Jobs Lost
The manufacturing sector takes another hit. Goodyear Tire & Rubber Co. said on Monday that it plans to close a plant in Tyler, Texas, three weeks after workers at the plant and 15 others went on strike in part because... Continue Reading
Oct24
The Economics Of Orange Juice
Another industry affected by hurricanes. Orange juice prices, already at historic highs, are expected to climb further as production in Florida’s hurricane-ravaged groves bottoms out. This article details some good lessons regarding economics... Continue Reading
Oct23
Bankrupt Tower Records Sold
News like this is always kind of sad, but that's the way the cookie crumbles. The news that Tower Records is going the way of, well, records struck a dissonant note with customers as the news sunk in this week... Continue Reading
 


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