Payless ShoeSource is going green as it plans to sell a line of ecologically friendly shoes and handbags at low prices. The new brand, which has yet to be named, will be made from materials with less effect on the environment, like organic cotton and linen, hemp and recycled rubber outsoles, the company said.
Morgan Stanley (MS) got a much-needed cash infusion, raising $9 billion by selling preferred shares to the Japanese bank Mitsubishi UFJ Financial Group.
General Motors will close its metal stamping plant near Grand Rapids, Mich., by the end of 2009, costing about 1,340 hourly jobs. Workers at the two-million-square-foot factory in the suburb of Wyoming were notified Monday.
United Technologies on Monday dropped its unsolicited $2.6 billion bid to buy ATM manufacturer Diebold, which had frustrated UTC because it wouldn't discuss the offer and delayed releasing its financial information.
BE Aerospace (BEAV), the Wellington-based maker of aircraft interiors, cut its profit forecast through 2010 because a weakened global economy and higher fuel costs have hurt demand.
Gov. Charlie Crist is inviting public and private entities to submit renewable energy and energy-efficiency proposals for state grants.
For 27 years, Olga Falcon has sewn clothes for local apparel manufacturers. During the 1980s, she said she sometimes took 12,000 orders a week. Now her orders often number in the low hundreds.
Economic excess and then distress have long been part of the state's history, says an emeritus professor of economics at Florida Atlantic University.
How do you react to this media message: ''These are trying times! We're in an economic slowdown.'' Is your proverbial glass now less than half full?
Edwin Black's book is enlightening without being at all depressing. No hyperbole or hysterics, but some suspension of disbelief is required.
Misery loves company equals herd mentality While ''Protecting your nest egg in turbulent times'' (Oct. 5) was a step toward helping ease anxious investors in these turbulent times, I feel that the article could have been more educational rather than reporting on what others investors are doing. ''Misery loves company'' = Herd Mentality.
In the wake of the unprecedented troubles of many of the nation's largest financial institutions such as Washington Mutual and Wachovia, many Americans are worried about the safety of their banks. Those fears may be warranted depending on whom you bank with, but most South Florida banks are well capitalized and should weather this economic storm. Moreover, many banks -- especially the community banks -- did not participate in subprime loans, lessening the blow being suffered by many of the larger...
It's different for each guest at a high-end hotel, she says -- and the Mondrian will also have owner-residents.
I had a breakfast meeting with the Greater Dania Beach Chamber of Commerce last week. The topic: economy and the media. Quite timely as the stock markets can't seem to find a bottom, and the federal government keeps zig zagging on the ''bailout'' plan. Taking equity stakes in banks is the magic bullet now, whereas two weeks ago it was buying up bad debt. What will it be tomorrow?
British and other European leaders announced a plan to buy into financial institutions to save them.
When the company's books get all the attention, personal economic security -- especially retirement savings -- can suffer.
No way to sugar coat this. In a presentation to investors in late September, JPMorgan Chase & Co., hot off of announcing its purchase of Washington Mutual Bank, predicted Florida home prices would fall another 16 percent.
Can't seem to find time to get organized and get business systems in place? Are your marketing materials anemic? Accounts in disarray? Interested in franchising? Want to take your business to the next level?
ARCHITECTURE Susan Dimond, director of marketing and business development for Zyscovich Architects, has been elected president of the society for marketing professional services.
In 'The Plan,' Edwin Black says American leaders are as unprepared for a foreign source cutting off our oil as they were for Katrina.
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