http://www.timesleader.com/r?19=960&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness The latest business news from Times Leader en-us Sat, 04 Jul 2009 07:55:36 GMT 2009-07-04T07:55:36Z en-us http://www.timesleader.com/r?19=961&43=182641&44=49922092&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FMOUNTAIN_OF_DEBT_Rising_debt_may_be_next_crisis_.html The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt. Sat, 04 Jul 2009 07:55:36 GMT 49ae4108409dd34e135d4dbfd426a168 Rachel Decker 2009-07-04T07:55:36Z http://www.timesleader.com/r?19=961&43=182641&44=49880477&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FAirline_BA_to_cut_capacity_delay_new_planes_.html British Airways PLC announced Friday it will ground aircraft, slash seat numbers and postpone taking delivery of a dozen new Airbus A380 superjumbos as it faces a recession-driven decline in passengers. Fri, 03 Jul 2009 19:01:18 GMT f2c3f35ad0d18cf2a66f7d73299e3b17 Rachel Decker 2009-07-03T19:01:18Z http://www.timesleader.com/r?19=961&43=182641&44=49790342&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FIn_brief_07-03-2009.html Ford Motor Co. of Canada has claimed the top spot in Canadian vehicle sales in June for the first time in 50 years, the company reported Thursday. Fri, 03 Jul 2009 05:00:00 GMT b2b76dc4198fad9a6d7edcb82a010817 2009-07-03T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49790392&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FMarkets_drop_due_to_rising_jobless_rate_07-03-2009.html NEW YORK — Major stock indexes fell more than 2.6 percent Thursday after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest level in six weeks. Fri, 03 Jul 2009 05:00:00 GMT cfc260551d94d6003f2b7bfdef4e5e51 2009-07-03T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49790382&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FFeds_seize_Madoff_penthouse_07-03-2009.html NEW YORK — Federal marshals took possession of disgraced financier Bernard Madoff’s $7 million Manhattan penthouse on Thursday in a move that forced his wife to move elsewhere. Fri, 03 Jul 2009 05:00:00 GMT bc84c940a37c92ad0655176e92a783be 2009-07-03T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49790352&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FChrysler_may_be_running_out_of_gas_in_dealership_showrooms_07-03-2009.html DETROIT — The latest numbers on auto sales show that Chrysler needs to quickly figure out how to navigate the car market as deftly as it did bankruptcy court. Fri, 03 Jul 2009 05:00:00 GMT 3f3119211efe48f2a25d4921a85dee0b 2009-07-03T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49790362&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FJob_loss_and_wage_reduction_hurt_economic_recovery_07-03-2009.html WASHINGTON — Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy. Fri, 03 Jul 2009 05:00:00 GMT c063748fbf83b24a735fc082e236be59 2009-07-03T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49658102&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FRestaurant_to_reopen_in_fall_07-02-2009.html HANOVER TWP. – The McDonald’s restaurant at 746 Sans Souci Parkway was demolished Tuesday. A replacement built to the company’s latest design should be open this fall. Thu, 02 Jul 2009 05:00:00 GMT c022be50131caa58d05cc2ae15c31048 2009-07-02T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49658092&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FIn_brief_07-02-2009.html Soap and lotion seller Crabtree & Evelyn Ltd. says it filed for Chapter 11 bankruptcy protection on Wednesday, a victim of the slowdown in consumer spending amid the recession. Thu, 02 Jul 2009 05:00:00 GMT 13886e9a82d780cc10d740d06674977a 2009-07-02T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49658097&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FMarkets_cautiously_advance_07-02-2009.html NEW YORK — The stock market’s third quarter began on a positive note Wednesday after some reassuring data on manufacturing and the housing market. Thu, 02 Jul 2009 05:00:00 GMT b951a1d5ff652bce0399f6f2f81977e8 2009-07-02T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49658087&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FU_S__auto_sales_declines_show_signs_of_stability_07-02-2009.html DETROIT — U.S. car and truck sales showed signs of stabilizing in June after a year of sharp declines, but every major automaker except Honda Motor Co. reported lower sales than in May. Thu, 02 Jul 2009 05:00:00 GMT 2e51ed799d1c8cec8b651fbc3648d841 2009-07-02T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49658082&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FGM_sales_up_38__in_China_07-02-2009.html SHANGHAI — General Motors Corp. said Wednesday that sales in China jumped 38 percent in the first half of this year, helped by strong demand for minivans and other small vehicles. Thu, 02 Jul 2009 05:00:00 GMT 87197f92d7d1f210c0665ca3b1fb9a62 2009-07-02T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=48712332&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FDon_rsquo_t_leave_home_before_consulting_travel_Web_sites_Andrew_seder_Steals__amp__deals_06-21-2009.html IT’S SUMMERTIME, and for many of us that means a vacation is in store. Sun, 21 Jun 2009 05:00:00 GMT ae382e47a5baebafd195efa297c88e1f 2009-06-21T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49572127&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FBan_on_mandatory_OT_for_nurses_becomes_Pa__law_07-01-2009.html A state law prohibiting hospitals and health care facilities from requiring nurses to work beyond their scheduled shifts goes into effect today. Wed, 01 Jul 2009 05:00:00 GMT 4d477fb8ab397cb594dd4fe2a6d1ad1b 2009-07-01T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49572142&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FBusiness_News_brief070109.html The Pennsylvania Association of Staff Nurses and Allied Professionals, a union that represents 450 registered nurses at Wilkes-Barre General Hospital, said in a press release Tuesday afternoon that negotiations toward a new contract have broken down. The hospital and other assets of Wyoming Valley Health Care System were sold in May to an affiliate of for-profit operator Community Health Systems, based in Franklin, Tenn. Wed, 01 Jul 2009 05:00:00 GMT 7e411f776788fcb6f34ba7b6075d0208 2009-07-01T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49572177&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FMarkets_slide_as_consumer_confidence_dips_07-01-2009.html NEW YORK — Stocks fell sharply Tuesday after a private research group said consumer confidence unexpectedly fell in June. Wed, 01 Jul 2009 05:00:00 GMT 3ee7024c54e266afe9defb69ccdaef61 2009-07-01T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49572172&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FJackson_rsquo_s_net_worth____236M_07-01-2009.html NEW YORK — Michael Jackson claimed to have a net worth of $236 million as of March 31, 2007, according to financial documents obtained by The Associated Press that shed light on the late pop star’s murky finances and prodigious borrowing. Wed, 01 Jul 2009 05:00:00 GMT aa772f6babdcb05ece2594f9c6817881 2009-07-01T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49473317&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FRegion_rsquo_s_unemployment_rate_rises_in_May_06-30-2009.html The region’s unemployment rate rose to 8.9 percent in May, matching a level last seen in February 1994. Tue, 30 Jun 2009 05:00:00 GMT 47fd957d82e3ffe6d888835d4dbc8b53 2009-06-30T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49473302&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2FIn_brief_06-30-2009.html Atlantic City casinos are fighting back against Pennsylvania competitors with billboards and direct marketing. Tue, 30 Jun 2009 05:00:00 GMT 5543b1130e6033ff92c88a11c0be5fc9 2009-06-30T05:00:00Z http://www.timesleader.com/r?19=961&43=182641&44=49473322&32=3991&7=186441&40=http%3A%2F%2Fwww.timesleader.com%2Fbusiness%2F_lsquo_Delete_rsquo__key_adjusted_on_new_Lenovo_06-30-2009.html Lenovo put nearly a year of research into two design changes that debuted on an updated ThinkPad laptop this week. No, not the thinner, lighter form or the textured touchpad — rather, the extra-large “Delete” and “Escape” keys. Tue, 30 Jun 2009 05:00:00 GMT 5c171b8fc7af9be1c2d7b171f6d0d260 2009-06-30T05:00:00Z