Retailers hope to reel in holiday shoppers amid gloomy forecast NEW YORK -- After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers such as Kohl's and Toys "R" Us are offering even bigger cuts and promotions for Black Friday in a frantic bid to pull... [More] Associated Press | November 21
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Steve & Barry's store to shut down at Everett Mall EVERETT -- A Steve & Barry's store in the Everett Mall is expected to shut down over the next few months, as the sluggish economy continues to hurt retailers. [More] By Yoshiaki Nohara
Herald Writer | November 21 Boeing warns of job cuts during 2009 The Boeing Co. warned Thursday that employment will decline in 2009 as the company responds to the global economic situation. The company announced Wednesday that it would cut 800 defense jobs in Wichita, Kan. Boeing did not specify how its... [More] November 21 Shipyard layoffs to last three months Nichols Bros. Boat Builders announced Thursday that it will temporarily lay off 30 employees. [More] By Michelle Dunlop
Herald Writer | November 21 Foreclosures to be delayed for holidays WASHINGTON -- Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. [More] Associated Press | November 21 Year-end planning gets more complex for businesses One of the most important tasks for small business owners is a year-end checkup of their companies' financial health. It's even more critical now as the economic downturn persists. [More] By Joyce Rosenberg
Associated Press | November 21 Pentagon plan calls for increased defense spending WASHINGTON -- The Pentagon's chief weapons buyer said Thursday the Bush administration's long-term military budget plan calls for increased defense spending in future years. [More] Associated Press | November 21 Fed sees economic woes stretching into next year WASHINGTON -- Pounded by a fierce financial crisis, the country is sinking deeper into economic despair that has pushed the number of newly laid-off workers to a 16-year high, with problems likely to stretch well into next year. [More] By Jeannine Aversa
Associated Press | November 20