The fat cats were supposed to get their comeuppance.
After Wall Street’s most prominent firms — by their own admission — helped cause the 2008 financial meltdown and got bailed out by the government, they were supposed to stop handing out million-dollar bonuses to their employees. No one was supposed to get seven- and eight-figure rewards, [...]
Posts Tagged ‘financial meltdown’
How Wall Street boldly saved big exec bonuses
January 15th, 2010 by Financial Writer
Tags: americans unemployed, bonuses, financial meltdown, great recession, wall street
more...Costco 1Q profit edges higher, sales climb
December 10th, 2009 by Financial Writer
A strong turnaround in a key sales figure and rising revenue despite lower gasoline prices helped Costco Wholesale Corp. post a slight increase in its fiscal first-quarter profit on Thursday.
The nation’s largest wholesale-club operator has been helped by sales of food and everyday items to recession-weary consumers during the economic downturn, but has recently seen [...]
Tags: costco, financial meltdown, recession, us warehouse, wholesale
Early retail reports suggest sluggish November
December 3rd, 2009 by Financial Writer
Many merchants suffered through November as a modestly positive start to the holiday shopping season wasn’t strong enough to offset weak spending the rest of the month.
Sales for many that are even weaker than last November, which was marked by a consumer spending clampdown spurred by the financial meltdown, are an ominous sign for an [...]
Tags: economy, financial meltdown, holiday shopping, reported sales, thanksgiving
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