Chief Leaves Warehouse Operator ProLogismore similar news »
ProLogis, an operator of warehouses and distribution centers, said its chief executive had resigned, and that it would cut jobs and its dividend and hold off on new development to strengthen its balance sheet.
Retailers Feel Pinch of Returnsmore similar news »
A steeply rising number of shoppers, driven by anxiety over jobs and savings, or an immediate need for cash, are marching back to stores with their purchases.
Life Insurers Facing Cuts in Ratingsmore similar news »
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up.
UBS Executive Indicted in U.S. Inquirymore similar news »
A senior Swiss executive at UBS was indicted in the Justice Department’s widening criminal investigation of the bank and its offshore private-banking services for wealthy American clients.
YouTube to Sell Ads on Search Pagesmore similar news »
Google said that it would begin selling space on YouTube search-results pages to advertisers, part of its effort to turn its acquisition into a major revenue producer.
Best Buy Cuts Outlook For 2009more similar news »
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.