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Market research firm Gartner reported Thursday that sales of smartphones have slowed to their lowest rate since it began tracking the sector.
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A Sotheby’s auction of the Belgian singer and songwriter Jacques Brel’s possessions has generated more than $1.4 million in sales, Bloomberg News reported.
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Philips is one of the top three providers of hospital equipment, but the credit crunch has led hospitals to defer purchases.
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Indian corporate are renowned to book these cars for their employees. This in turn helps the luxury car manufacturer to keep their sales going.
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Japan's Nissan said it would cut 1,680 jobs in Barcelona as the slowing economy and rising fuel costs take a toll on sales of its larger vehicles. Meanwhile, Nissan's French partner Renault is expected to cut 1,000 jobs in northern France.
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Auto sales in Canada dropped in August, the third month in a row that the country saw fewer cars and trucks sold, according to figures released by Statistics Canada Tuesday.
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Thursday, no major economic data are due from European economies other than the Swiss retail sales and the ZEW expectations survey.
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AS Icelanders suddenly find themselves in the eye of the global financial storm many are seeking stability and solace in luxury goods like Rolex watches, which unlike their plunging currency are unlikely to devalue.
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The Federal Reserve on Wednesday released their seventh and second-to-last Beige Book report of 2008 (PDF), finding depressing economic trends in virtually all of the Fed's 12 districts nationwide. But what about the Second District, which includes all of New York, northern New Jersey and southwestern Connecticut? read more »
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BEIJING (AP) -- China said Sunday its economy can weather the effects of the global financial turmoil, but growth will decline as the expansion of business profits and public revenues slows....
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Weekend art auctions in London fell far short of the minimum estimates of the major auction houses.
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The art market, while diminished by the global financial turmoil, is by no means dead and buried, writes Colin Gleadell.
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The pharmaceutical company Pfizer said Thursday that its third-quarter profit tripled, mainly because a huge charge depressed last year’s results.
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Pfizer said its earnings rose, despite declining sales of some of its key drugs, like Lipitor. Meanwhile, profit at Shering-Plough fell while profit at Biogen surged.
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PROFITS at Toyota are expected to plunge by 50 per cent in the year to March, while annual sales are set to drop for the first time in a decade.
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Chrysler is to cut 1,825 jobs in the US as the global slowdown takes its toll on the car industry.
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Sales volume in the three months July to September rose by 0.1 per cent compared with the previous three months,according to the Office for National Statistics.
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The first legal sale of southern African ivory for almost a decade opens with conservationists split over its impact.
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The grim reaper of the housing market is stalking the land, with the "r" word looming large for increasing numbers of homeowners. We may be technically in a recession, but "repossession" is also rearing its ugly head with increasing frequency.
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Canada's auto market appears to be holding its own in a slumping global auto market, according to a new report by Scotia Economics.
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Workers in Toronto's film community say they're hopeful the recent fluctuations in the Canadian dollar will help their industry.
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The video game publisher posted a wider quarterly loss and said it plans to cut about 6 percent of its staff in response to slowing sales.
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The Times ran a story yesterday, by Arts reporter Carol Vogel, on the pre-auction night jitters over at Christie's and Sotheby's following disappointing sales in the past couple of months--and that little thing over on Wall Street. Both are have their big Modern and Postwar & Contemporary sales this month. (Sotheby's is scheduled for tonight; Christie's on November 12.) From the Times: A $60 million painting by Kazimir Malevich. A $40 million self-portrait by Francis Bacon. It hardly seems the ideal moment to be selling such pricey art. As Sotheby's, Christie's and Phillips de Pury brace for their big fall auctions in New York, starting with a sale of 71 Impressionist and Modern paintings, drawings and sculptures at Sotheby's on Monday night, anxiety is the dominant mood. read more »
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TOKYO -- Toyota Motor Corp., Japan's top automaker, reports earnings for the fiscal second quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
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Canadian sales of cars and light trucks continued to creep ahead last month, creating a stark contrast to the slip-sliding away experienced south of the border, according to industry figures.
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A Cubist painting by Juan Gris brought a record price of $20 million, but many works remained unsold at Christie's auction of Impressionist and Modern art on Thursday.
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A Cubist painting by Juan Gris brought a record price of $20 million, but many works remained unsold at Christie’s auction of Impressionist and Modern art on Thursday.
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The world's largest mobilephone company to reduce costs as sales slow in some markets amid the economic slump.
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The mortgage drought is continuing to "stifle" the housing market, pushing sales down to a new record low, it was warned today.
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The electronics retailer said that it was sharply cutting its outlook below analyst estimates amid what it called the toughest retail environment it has ever seen.
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Auction houses are advising jewel owners to lower their prices as the global financial crisis takes its toll on the industry.
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EVEN in tough economic times, drinkers reach for a cold one to quench that hard-earned thirst, recent figures show.
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Recent art auctions seemed to signal a new era in sales, one that featured the return of the seasoned collector and more-sober business practices.
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BANGKOK (Reuters) - U.S. car giant General Motors Corp announced a two-month shutdown at its Thai plant on Thursday, the latest move by global automakers seeking to slash costs in the face of weak sales and deepening economic gloom.
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According to the Wall Street Journal the art market has officially burst. With prices dropping 30 percent and auction houses' stocks plummeting, layoffs are inevitable. Galleries are closing. And the effects are rippling through the community of collectors, dealers, and the artists themselves. Mary Boone keeps telling us that last week's disappointing auctions were actually relatively encouraging. Only 20 percent of works sold at auction '89 she says, so this, in comparison, is not so bad. But what does this all mean for those who have funneled money into outrageously priced contemporary and modern art works in the past decade, hoping to flip them? �read�more��
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DETROIT (Reuters) - General Motors Corp said on Friday it plans additional temporary plant shutdowns in the next two months in response to deteriorating market demand.
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Existing home sales fell by a little more than economists had been expecting in the month of October, according to a report released by the National Association of Realtors on Monday, with the drop in sales reflecting increased uncertainty and economic concerns. The report showed that existing home sales fell 3.1 percent to an annual rate of 4.98 million units in October from a revised 5.14 million unit rate in September.
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