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12/02/2008

Black Friday deals lift retail sales 1.3%
Edgar Pineda of McKinney browsed through sales racks at NorthPark Center on Black Friday
G.J. MCCARTHY/DMn
Edgar Pineda of McKinney browsed through sales racks at NorthPark Center on Black Friday.

9:39 AM CT But overall, the month was tough for retailers as consumers waited until Thanksgiving weekend to show up.
Stocks trade higher after Monday selloff
Fed extends key credit programs
How to stay out of debt during the holidays
Tips for smart shopping

GM CEO will drive to Washington; Ford CEO says he'll work for $1 10:46 AM CT
Detroit's automakers are presenting Congress with plans to restructure their ailing companies and provide assurances that government funding will help them survive and thrive.
Ford sales drop 30%; Toyota falls 34%
Myths and realities about the Big 3 and their cars

Grand Prairie picks Brinkley Sargent to manage city project 11:04 AM CT
The complex at State Highway 161 near Warrior Trail will include recreational features and two major city buildings, a public safety headquarters and an active adult center.

Southwest Airlines' planes had more empty seats in November 9:43 AM CT
The Dallas-based carrier said it filled 63.2 percent of its seats last month, down 6.1 points from the previous November and its lowest load factor for the month since 2002.

British Airways in merger talks with Qantas
British Airways, which is already pursuing a revenue-sharing deal with American Airlines and Spain's Iberia SA, said that it is exploring a "potential merger" with Qantas "via a dual-listed company structure."

12/01/2008

Dollar Wise: Seniors cash in on discounts
Ed and Sally Pendergast
JUAN GARCIA/DMN
Ed and Sally Pendergast take advantage of senior deals such as DART's $1.50 day pass.
Experts believe the slowing economy will be a boon for senior discounts.
Dollar Wise: Tips and tools to help you save money
Link: Senior Discounts Web site
Link: Bargains 4 seniors Web site

12/02/2008

Blockbuster to sell Live Nation concert tickets
Dallas-based Blockbuster will sell tickets and related merchandise next year as the exclusive retailer for Live Nation.
Link: Blockbuster press release

Chase to slash 9,200 WaMu jobs
J.P. Morgan Chase & Co. said Monday it will cut a total of 9,200 jobs at Washington Mutual, which it acquired Sept. 25 after Washington Mutual became the nation's largest bank to fail amid the ongoing credit crisis.

CDC: Pot pies cause 401 salmonella cases
Federal investigators have raised to 401 the number of confirmed cases of salmonella linked to Banquet pot pies recalled last year by ConAgra Foods Inc.

12/01/2008

American Airlines, Transport Workers Union open talks Tuesday
They plan to talk for 12 days in hopes of getting a quick contract deal.

Senior Source to use expertise for moneymaking venture
Lue Taff, elder support director at the Senior Source, explains the complexities of elder care. The agency will coordinate care for the elderly for a fee starting next year.
MICHAEL MULVEY/DMN
Lue Taff, elder support director at the Senior Source, explains elder care complexities.

The Senior Source, which has been the go-to place for free advice on caring for older adults, intends to launch a fee-based service called Platinum Care Solutions for seniors and their caregivers next year. Besides continuing all of its free counseling services, the agency will offer a premium senior-care service at a charge.


12/02/2008

Big Three U.S. automakers to try again to get rescue money from Congress
DETROIT – For the Detroit Three automakers to win over Washington lawmakers in their bid for federal aid, they will have to address a key question in the business plans they present Congress with today.

12/01/2008

Recession officially began in December '07, economists say
Traders work on the floor of the New York Stock Exchange
AP
Traders work on the floor of the New York Stock Exchange, where stocks plummeted Monday.

The U.S. economy officially sank into a recession last December, according to the committee of economists responsible for dating the nation's business cycles.
Paulson: Other rescue programs possible
Bernanke: lower interest rates 'feasible'
Government bond yields hit fresh lows
Dow plunges nearly 680 points

Pilgrim's Pride files for bankruptcy protection
The filing in the Northern District of the U.S. bankruptcy court asks for court approval for a $450 million debtor-in-possession financing agreement lead by the Bank of Montreal. If approved, the money would allow Pilgrim’s Pride to continue to fund its operations normally.

Atmos Energy names vice president

Online retailers offer Cyber Monday deals in bid to boost sales
More e-commerce sites are using the marketing term of Cyber Monday as a promotional event this year, but it isn't the busiest shopping day of the year for Web retailers.
Link: Shop.org Cyber Monday Web site
Tell us: What are you buying?

11/30/2008

As year winds down, look for ways to minimize your taxes
Tax tangle
ADAM MCCAULEY/ Special Contributor

Heading into the holidays, it's likely that you're going to be thinking a lot about money. And this time of year tax advisers like to remind us that there are ways to minimize our tax bills next April.
2008 tax guide
1040 tax calculator
IRS Web site

Black Friday deals drew crowds that thinned over weekend

Karen Hays (right) and daughter Emily shopped for cellphones at an AT&T store in Dallas' NorthPark Center mall on Black Friday.
G.J. McCARTHY/DMN

Shopping traffic resembled a busy weekend, not a holiday season.
Cyber Monday deals up for grabs
Dallas CityStore has bargains
Video: Bargain hunting
Blog: Shopping
More: Shopping | Retail industry

Blockbuster, Microsoft team up on mobile movie services
Blockbuster Inc. caught up to the competition last week by introducing a set-top box that brings rentals from the Internet to the television.

Big Three automakers' agendas to diverge as they deliver blueprints
Although the Detroit automakers have been lumped together for decades as the Big Three, their agendas are diverging as they contemplate futures as drastically different car companies.

Union chief pleads for federal aid for Big Three automakers
The head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Big Three put the final touches on stabilization plans to submit to Congress.

Myths and realities about Detroit-based automakers and their cars
The debate over aid to the Detroit-based automakers is awash with half-truths and misrepresentations that are endlessly repeated by everyone from members of Congress to journalists.

Consumers uneasy about buying new vehicles right now
MINNEAPOLIS – Mike Slobodnik would love to buy a new car. Although he works in finance at Fury Motors in South St. Paul, Minn., even Mr. Slobodnik said now is not the right time.

Letters

Automakers should tell Congress they'll limit corporate pay and bonuses, UAW says
The Big Three U.S. automakers should tell Congress they will limit corporate pay, bonuses and severance packages in return for government loans, the president of the United Auto Workers union said Sunday.

Smaller crowds of Black Friday holiday shoppers focus on specific deals

Best Buy opened at 5 a.m. for early morning Christmas shoppers.
JUAN GARCIA / DMN

Rain, wind and cold didn't keep the diehard shoppers in Dallas-Fort Worth away from seeking deals. But shoppers remained cautious about the economy and their ability to take on more debt.
N.Y. Wal-Mart worker trampled, dies
Video: Arriving early for bargains
Blog: Shopping
More shopping news

11/29/2008

OPEC defers decision on production cut
Venezuelan Oil Minister Rafael Ramirez said the Organization of Petroleum Exporting Countries is trying to find the right balance after the group Saturday deferred until December a decision on whether to cut production again.

D/FW airport's taxiways to speed ride between gate, runway

Two American Airlines jets - one landing, one making its way toward takeoff - use the east runways at Dallas/Fort Worth International Airport.
FILE 2004/DMN

Passengers landing at the massive airport have always had time to call ahead during the slow ride to the gate – which can take up to 20 minutes. But new taxiways are eventually going to cut into what the industry calls taxi time.
Airport guide: Parking, terminals, shopping and more
Blog: Airline Biz
More aviation industry news

Assisted living in Phoenix area goes upscale
Magdalen Bieling feels at home as she looks around her spacious bedroom with its high ceilings and a window that overlooks citrus groves in north-central Mesa.

Banks restructuring terms on Dallas projects
In today's financing world, small real estate projects reign over big deals, and restructure is the new buzz word.

Parents push toy-makers to cut back holiday marketing to kids amid fiscal crisis
In a season that inspires earnest letters about toys, one notable batch is being sent not by kids to Santa's workshop but by parents to the executive suites of real-world toy-makers.

Early data shows strong Black Friday across U.S.
The nation's retailers got a much-needed sales boost during Black Friday's traditional shopathon as consumers spent more money than they did last year.

11/28/2008

MetroPCS doubles coverage with Leap deal
Until now, MetroPCS has appealed mainly to younger and less affluent customers, both because its limited coverage area discouraged frequent travelers and because its prepaid service plans require no contracts and no credit checks. But MetroPCS has thought its contract-free plans could appeal to all customers, and now it believes its coverage is getting large enough to test that theory.

Job seekers, don't take December off, experts advise
It may be almost time to hang up the Christmas stockings – but not the job search. Smart job seekers will jump in first thing Monday with a clear plan of action for the next six weeks, experts say.

Electronics feel pinch this holiday shopping season

Best Buy opened at 5 a.m. for early morning Christmas shoppers.
JUAN GARCIA / DMN

Many gadget lovers may get fewer items – and fewer big-ticket items – than normal, thanks to economic woes.
Rain doesn't deter shoppers
Video: Arriving early for bargains
Photos: Looking for bargains
neighborsgo: Shoppers shop, then Twitter
Blog: Shopping
Blog: Tech

11/27/2008

'Neighborhood hub' retail center set for Allen
Another retail-oriented development is destined for Allen, which already has nearly 1.5 million square feet of retail space planned as store sales continue to slide.

With commercial financing scarce, real estate buyers with cash expect bargains
$100 bills

In a commercial real estate market where buyers are hard to find and credit is even scarcer, cash has become king. The credit crunch is locking many potential buyers out of the commercial property market, so investors still shopping for deals don’t have to worry about crowded aisles and long checkout lines. They also expect bargains, which might be a problem.


Commercial mortgage crisis looms
Companies have survived plenty of downturns, but economists see this one playing out like never before.
New destinations open for area Black Friday shoppers
Dallas-Fort Worth commercial real estate deals drop
Search commercial real estate listings and services

Online retailers ramp up deals to capture dollars
Even with heavy-duty deals, online sales are expected to be fairly flat this holiday weekend after years of strong growth.
New destinations open for area Black Friday shoppers
Blog: Shopping
Dollar Wise: Shopping tips

A better plan for Black Friday
If you're reading this at your normal wakeup time, you have already missed midnight openings at Grapevine Mills and Allen Premium Outlets, a 1 a.m. opening at Town East Mall, 4 a.m. openings at J.C. Penney Co. and Kohl's and 5 a.m. at Macy's.

Safe shopping tips
Black Friday shoppers, beware – thieves will be out today.

11/26/2008

New destinations are available for Black Friday shoppers
Watters Creek at Montgomery Farm in Allen
File photo
Watters Creek at Montgomery Farm in Allen opened in October with a pedestrian-friendly, resort-like atmosphere.

North Texans can be thankful this Thanksgiving for new places to shop — because that’s not the case in many U.S. markets today. The region has several new shopping centers and expansions that were in the works long before the credit crunch caused financing for new construction to dry up.


Commercial real estate deals drop
Commercial real estate deals fell 22 percent in the Dallas-Fort Worth area in the third quarter from a year earlier, thanks to the credit crunch and the weak economy, according to a recent report by Environmental Data Resources Inc.

Video: Holiday sights, sounds greet D/FW Airport travelers

Abbey Harris, 4, of Coppell checks out the snood on a Holiday Helper's turkey costume Wednesday at Dallas-Fort Worth International Airport.
TOM FOX/DMN
Abbey Harris, 4, of Coppell checks out a Holiday Helpers "turkey" Wednesday at Dallas/Fort Worth International Airport

Musicians and costumed "Holiday Helpers" were on hand Wednesday for what is traditionally the busiest travel day of the year.
Airline Biz blog: D/FW expects fewer Thanksgiving travelers
Travel forecasts
Flight status
D/FW Airport guide
Driving trips
Cheap gas

ERCOT doubles budget, extends deadline for switching to new grid system
The Electric Reliability Council of Texas doubled its budget and extended its deadline for switching the Texas electricity grid to a new system.

TXU successor settles with PUC over market manipulation
Energy Future Holdings' Luminant wholesale power company negotiated a deal with the Public Utility Commission staff to pay $15 million of a $210 million fine for manipulating the wholesale market.

Pilgrim's Pride gets 3rd extension on waiver from lenders
Analysts say the extension was crucial for the chicken producer to avoid bankruptcy.

Judge: Cities can regulate design, look of natural gas compressor sites
The court was asked to determine whether Grand Prairie’s unified development code violates the federal Pipeline Safety Act and Texas state law, which allows gas companies the power of eminent domain.

FDIC picks CB Richard Ellis to manage real estate portfolio
The Federal Deposit Insurance Corp. has chosen CB Richard Ellis Group, with teams based in Dallas and Washington, D.C., as primary advisor for its real estate portfolio.

New reports reveal battered economy
Jobless claims remain at recessionary levels, orders to U.S. factories plummeted and homes sales fell to the lowest level in nearly 18 years.

Stocks on first four-day upswing since spring
The rally marks a string of gains that seemed impossible to achieve in the depths of selling that began in mid-September.
Obama sets economic plan, advisers
U.S. new home prices fall
Dallas-Fort Worth home prices drift lower
New reports reveal battered economy
Stocks: Check your investments

Dillard's 3Q earnings plummet
Dillard's Inc. reported a $56 million loss in its third quarter, as slumping sales and more price markdowns hurt the Little Rock-based department store chain struggling to bring in hesitant shoppers.

Cargo container firm signs deal in Dallas Logistics Hub
Bridge Terminal Transport, a marine container hauler with locations across the U.S., will relocate its existing container yard from Love Field in Dallas to the project.

Economy has slowed, but Dallas-Fort Worth beer, liquor sales haven't
North Texans may be forgoing chunkier turkeys and nixing elaborate dinner plans this Thanksgiving, but there's one thing they won't give up – alcohol.

Hedge fund backed by Perot family is liquidating
An investment firm that manages money for the family of Dallas billionaire Ross Perot is liquidating one of its hedge funds after steep losses, a spokesman said Tuesday.


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