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The most recent sales tax figures for the county, city of Grass Valley and Nevada City paint a gloomy picture of the local economy - and that was before the credit crisis, stock market plunge and freeze-up in consumer spending occurred in recent...
www.theunion.com
- Oviedo Marketplace owner says bankruptcy is looming (Orlando Sentinel)
General Growth Properties Inc., which owns Altamonte Mall and four others in Central Florida, saw its stock plummet Tuesday after the company warned it faces solvency problems and may be forced to seek bankruptcy-court protection if it can't refinance or extend $958 million in debt due next month.
www.orlandosentinel.com
- U.S. Unemployment Rate Climbs to 14-Year High of 6.5% (Update2) - Bloomberg
Nov. 7 (Bloomberg) -- The U.S. unemployment rate rose to the highest level since 1994 as companies slashed payrolls, setting the stage for the steepest economic decline in decades and a tough start for Barack Obama ’s presidency. The jobless rate ...
www.bloomberg.com
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