Fed warns deflation risk as economy slows
Fed official James Bullard warns of possible sustained deflation as consumer prices fall and inflation cools to a near-1950s low. He compares the U S situation to Japan after 1990, stressing caution to avoid broader economic damage.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
James Bullard
Federal Reserve Bank of St. Louis
New York Association For Business
Fed
America
Japan
Starbucks launches instant coffee nationwide campaign
Starbucks introduces Via instant coffee online and in Seattle stores with a broader U.S. rollout in fall timed to a major advertising push. Packages of three cost 2.95 and 12 for 9.95, with initial varieties Just Colombia and Italian Roast. Chief Executive Howard Schultz says the move aims to shift perceptions of instant coffee and boost afternoon traffic amid store closures and job cuts.
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New York
Starbucks Corp
Starbucks
Seattle
U.S
Howard Schultz
Schultz
Via
Colombia
Target Corp
Costco Wholesale Corp
Chicago
Andrew Hetzel
Cafemakers
Hetzel
Michael McFall
Biggby Coffee
Midwest
Wal-Mart tops 4Q earnings amid mixed signals
Wal-Mart Stores Inc. reports 4Q profit of 3.79 billion dollars, 96 cents per share, down 7.4 percent from a year earlier due to a strong dollar and labor-charge impact. Revenue climbs to 109.12 billion, same-store sales rise 2.8 percent as shoppers shift to cash.
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New York
Wal-Mart Stores Inc
Wal-Mart
Circuit City Stores Inc
Linen 'N Things
Mike Duke
Duke
Lee Scott
Thomson Reuters
Wall Street
Liberty Media saves Sirius from bankruptcy in $530 million loan
Liberty Media to lend $530 million to Sirius XM Radio and block a control bid by Dish Network's Charlie Ergen. The move averts a Chapter 11 filing sought amid debt holder pressure as auto market weakness hurt new car bundled subscriptions. Sirius CEO Mel Karmazin, Ergen, and Malone clash over loan terms.
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New York
Sirius XM Radio Inc
Liberty Media Corp
Dish Network Corp
Charlie Ergen
Sirius
Sirius XM Radio
Howard Stern
Mel Karmazin
Ergen
Karmazin
Liberty
John Malone
AP File
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OncoGerx
AmesNat
Talbots
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Comcast
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Jpmorgch
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Nsouve NY
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Nordson Nasd
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Tel WY
ParkerHan
Ousa Diam
Nasd
Proushion
Nash
Sherwin NY
Smucker NY
Amex
US Banerp
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NYET
Bala m
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Eurpacgra Mfb
FrinvAm
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Dodge & Cox IntiStk
Cox Stock iv
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Aisin
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