IMF chief Strauss Kahn fate hangs on bail hearing
IMF head Dominique Strauss Kahn faces a bail decision in New York that could force his resignation or removal by the 24 member board. Officials say a bail denial or strict conditions would push for leadership change, while no action could delay moves.
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Washington
Dominique Strauss-Kahn
International Monetary Fund
New York
Strauss-Kahn
IMF
New York City
Strauss- Kahn
Record rich spenders diverge from struggling shoppers in post recession
High gas and grocery prices widen the gap between affluent and low income consumers. Luxury retailers like Saks Fifth Avenue and Nordstrom see high end spending while budget retailers such as Target and Walmart report cautious purchases focused on essentials and smaller packaging. Analysts note ongoing uneven recovery with meat dairy and produce cost pressures.
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Gregg Steinhafel
Used car prices surge as dealers hoard stock around peak
Detroit reports soaring used car prices amid a tight market as shoppers hold onto vehicles longer. Dealers pay about 11 660 dollars per car, up nearly 30 percent since December 2008, with analysts suggesting prices are near a peak due to supply constraints and rising demand for models like the Honda Accord and Toyota Prius.
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Jonathan Banks
National Automobile Dealers Association
David Whiston
Morningstar
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Jeremy Barnes
Kelley Blue Book
Polk Research
Japan
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