Japan Economy Slips Deeper Amid Spending Cuts and Unemployment
June data show consumer spending down 3.3 percent from a year earlier while unemployment stays at a record 4.9 percent with 3.38 million jobless. Construction orders fall 13 percent as Koizumi plans to cut public works and push bank debt write-offs to curb the slide. Prime Minister Koizumi aims to spur job growth by fostering new companies amid a broader economic slowdown.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
Heizo Takenaka
Takenaka
Ministry of Public Management
Junichiro Koizumi
Takeo Hiranuma
Hiranuma
Heinz adds purple ketchup to traditional red
Heinz introduces Funky Purple ketchup following last year’s Blastin Green success. The product hits stores in September as Heinz expands its color lineup to attract kids. Green ketchup boosted sales, lifting Heinz’s US market share to 59 percent from 55 percent.
MENTIONED IN THIS ARTICLE
Heinz
Pittsburgh
H.J. Heinz Co
Pittsburgh Company
Cent
Michael Mullen
Brendan Foley
Excite Home fights to survive amid AT&T breakup
Excite Home Corp. faces mounting cash needs and a difficult future linked to AT&T Broadband's fate. Patti Hart leads a cash crunch plan, seeking funding and potential sale of key assets while media businesses face ad slowdowns and weak buyer interest.
MENTIONED IN THIS ARTICLE
At&t
Excite@Home Corp
Excite@Risk
Wall
At&t Corp
At&t Broadband
Excite
Comcast Corp
AOL Time Warner Inc
Excite At Home
John Malone
Home
Patti Hart
Excite@Home
Redwood City
Calif
Hart
Excite.com
Promethean Asset Management
Angelo, Gordon & Co. Inc
Abhishek Gami
William Blair & Co
Juno Online Services Inc
EarthLink Inc
Blue Mountain Arts
Matchlogic
Comcast
AOL
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