Today's Business Headlines
Shoppers are getting used to those 75 percent off sale signs, and that's bad news for merchants who worry they will also have to quickly slash prices on spring goods to attract customers.
His spirit broken by financial fears, German billionaire Adolf Merckle took his own life this week _ becoming the latest high-profile casualty of a global economic crisis that already has claimed the lives of executives in Europe and the U.S.
Anyone looking for a bright spot in the recession might have pointed to a reading Tuesday of the nation's office workers, retailers and other service industries, which contracted at a slower-than-expected pace in December.
A measure of the U.S. services sector improved slightly in December, beating analysts' estimates, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim.
All that money you're saving these days at the gas pump? You might want to put it in the bank.