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Business News Archive - November 30, 2008

One of the last independent bookstores in Philadelphia, and likely the city's oldest bookstore, is closing its doors, its owner says. Robin's Bookstore, founded in 1936 by the current owner's grandfather, will be shuttered Jan. 31, The Philadelphia Inquirer reported Saturday.

TEL AVIV, November 30 /PRNewswire-FirstCall/ -- Delek Group Ltd. (TASE: DLEKG.TA) (hereinafter: "Delek Group" or "The Group") announced today its results for the three and nine month period ending September 30, 2008.

Unprecedented deficit spending being used to battle the U.S. financial downturn could be planting the seeds of the next crisis, critics say.

The National Automobile Dealers Association predicts the United States could lose as many as 900 new-car dealerships in the current economic swoon. At the same time, independent industry analysts fear that number could rise into the thousands in 2009 as the number of sales outlets adjusts to the number of American cars being built, The New York Times said Sunday. A significant problem has been the tightening of the credit markets that dealers rely on to purchase their annual inventories.

EDWARDS, Calif., Nov. 30 /PRNewswire-USNewswire/ -- Space shuttle Endeavour and its crew landed at 1:25 p.m.

Auto analysts predict General Motors will offer whatever concessions it has to in order to win congressional approval of a $25 billion bailout. Observers told the Detroit Free Press that GM's leadership understands it will have to seek stiff concessions from its unions and probably drop opposition to

Statistics show the 2008 Christmas shopping season got off to a flying start in the United States with spending reaching an estimated $41 billion. The National Retail Federation said Sunday that the number of shoppers who hit the stores on the day after Thanksgiving was up as was the amount spent on a per-shopper basis. Pent-up demand on electronics and clothing, plus unparalleled bargains on this season's hottest items helped drive shopping all weekend, NRF President and CEO Tracy Mullin said in a written statement.

Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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