Canada’s Oldest Retailer Sold to U.S. Owners of Lord & Taylor

Canada’s oldest retailer, Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker who died in April. Read more

Rising Gas Prices Force Nearly 66% of U.S. Consumers to Put the Brakes on Discretionary Spending

Increasingly feeling the pain at the pump, more U.S. consumers are taking steps to compensate for rising gas prices, according to new research from The Nielsen Company. Nearly two-thirds (63 percent) of consumers are reducing their spending, up 18 points since June 2007 and up 14 points in the last six months alone. Read more

Flight International Reveals 100 Greatest in Aviation

The Apollo 11 moon landing where Neil Armstrong first stepped on to the moon has topped a poll of the 100 Greatest in Aviation - revealed at a special 100th birthday ceremony for Flight International magazine held at the Farnborough Air Show in Hampshire. Read more

Candie’s Introduces Hayden Panettiere in Its Upcoming Back to School Campaign

Iconix Brand Group, Inc. announced today that Hayden Panettiere will star in the Company’s junior brand, Candie’s(R), back to school 2008 television, print and online advertising campaign. Hayden, who is known as an award-winning actress, activist and star of NBC’s hit television series, “Heroes” can now add recording artist to her resume. Read more

Economically Squeezed Families Are Turning to Their 401(k)s to Make Ends Meet

Imagine that you or someone in your family who relied on you for financial help were faced with unexpected medical bills that you could not afford with your current income. Luckily, you have managed to save a nest egg for retirement through your 401(k) plan, the most common defined-contribution retirement savings plan in the United States today, and you can simply borrow against that to keep the bill collectors at bay. Read more

Boeing 777 Freighter Makes First Flight

The first Boeing 777 Freighter twin-engine cargo airplane has successfully took to the sky for the first time and completed an initial series of tests during a flight lasting more than three-and-a-half hours. The airplane performed well. Read more

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