Archive for June, 2009
Josie Natori’s stylish evolution
Josie Natori followed her business dreams from the Philippines to Wall Street. But after nine years as a banker, she needed a more creative outlet. In 1977 she launched a lingerie company with an East-meets-West flair. Today her brand includes four intimate-apparel lines, as well as a ready-to-wear clothing collection, home and bath products, eyewear and fragrance. Natori, 62, shared her story with Fortune Small Business in her Manhattan showroom.
Stocks dip, but it’s still a winning quarter
Stocks slipped Tuesday, at the end of the S&P 500’s best quarter in more than a decade, with a weaker-than-expected consumer confidence report and a slump in oil prices sparking the selloff.
Treasury prices ease
Treasurys drifted lower Tuesday as investors responded to a stronger than expected report on the housing market and a slower decline in regional manufacturing activity.
Hyundai’s latest offer: Cheap gas
With gas prices rising and car sales in the dumps, Hyundai is offering new car buyers gas at $1.49 a gallon for a year.
Dollar rises on lower consumer confidence
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Psst! Wanna own a bit of a failed bank?
When New Frontier Bank failed in April, regulators failed to find a buyer, forcing the FDIC to absorb the roughly $2 billion in assets that were once owned by the Colorado-based lender.
U.S. presses tax evasion case against UBS
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GM chief: ‘Business is doing better’
The head of General Motors, seeking swift approval of a plan to leave the automaker’s debt behind, told a bankruptcy court Tuesday that the company’s June sales are stronger than expected — in part because the bankruptcy process is going swiftly.
Oil plunges 2% to under $70
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‘Goodbye and good riddance’ AIG directors!
AIG shareholders, a.k.a. U.S. taxpayers, ousted the majority of the company’s leadership at AIG’s annual shareholders meeting Tuesday, removing the overseers of one of the biggest corporate unravelings in American history.
