Consumers borrowing less, spending weak

December 8, 2009


A recent Federal Reserve report proposes that consumer spending is expected to continue to be weak as consumer borrowing falls.
Washington, D.C. (WiredPRNews.com) – A recent report by the Federal Reserve suggests that consumer spending may continue to remain weak as consumer borrowing continues to fall. As reported by the Associated Press (AP), consumer borrowing was […]

Sony Drastic Profit Decline

January 30, 2009


Sony net profits fall by an astounding 95 percent.
Wired PR News.com – Sony’s net profits decreased by 95 percent for the quarter ending in December. As reported by the Associated Press (AP), the company reported Thursday that the plunge resulted in part from poor sales for core products such as television sets, mobile phones, and […]

 
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