Auto makers face sharp sales drop as demand falls
The forecast shows a 30 percent fall in GM and Chrysler sales amid weak U.S. demand. Toyota lowers 2009 target to 9.7 million globally and 2.7 million in North America with no growth from 2008. Honda and Nissan gains offset industry decline, which expects about a 14.4 percent year drop with no near recovery.
MENTIONED IN THIS ARTICLE
Chrysler
U.S
Sache
Toyota
North America
Honda
Nissan
Mid-tier retailers clash over new brands in back-to-school push
Kohl's launches six new clothing lines with celebrity ads while Dillard's unveils a Sheryl Crow designed line to lure shoppers. The strategy targets mid-market shoppers amid a crowded field and economic downturn as JCPenney reports a second-quarter loss and Wal-Mart leads in back-to-school shopping.
MENTIONED IN THIS ARTICLE
Kohl's
Lenny Kravitz
Dillard's
Sheryl Crow
Ken C. Hicks
Jcpenney
NPD Group
Wal-Mart
U.S
Mortgage Crisis Ripples to Renters in Riverside Cal
Ruth Cordoba, 28, lost her Riverside rental and moved with her three children after her landlord defaulted on a mortgage. The housing crisis drives growing Section 8 displacement as foreclosures spread, hitting low income tenants and revealing renters in homes 10 to 15 years.
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Ruth Cordoba
Cordoba
Riverside
Calif
U.S
Steve Preston
California
U.S. Department of Housing and Urban Development
Heidi Marshall
Riverside County Housing Authority
East L.A. Community Corp
Maria Cabildo
LOS Angeles Times
Lake Elsinore
Kelly Porec
Center
Joseph
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Gillette partners with EA Sports in major gaming push
Gillette teams with EA Sports to expand sports marketing into video games with joint retail promotions and heavy online presence. Tiger Woods supports the partnership as part of a global online sports games competition, aiming at young men worldwide. Peter Clay cites leveraging mutual assets and efficiency.
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Gillette
EA Sports
Tiger Woods
Peter Clay
Global Grooming
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Clay
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