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Consumer Corner: Foreclosure settlement no magic bullet for economy
NEW YORK, Dec. 28 (UPI) -- Macy's department stores, struggling with 400 stores after buying May Company in 2005, said Friday it will close nine stores in six states.
No date was set for the closings but one store to be shut down said final clearance sales would begin "within the next several weeks."
The stores being closed, employing 899 people, are in Indianapolis; Lake Charles, La.; Akron, Canton and North Randall, Ohio; Oklahoma City; Dallas and Houston; and Riverdale, Utah, the Wall Street Journal said.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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