19
10
2007
20th anniversary of black monday, Wal-Mart’s black friday threat & tax relief in 2008 - Today in Money 10/19
Posted by: in Goog newsFiled under: Google (GOOG), Wal-Mart (WMT), McDonald’s (MCD), Caterpillar (CAT), Money and Finance Today, Xerox Corp (XRX), Wachovia Corp (WB)
In the News:
Wal-Mart’s Black Friday Threat
Retailer is threatening legal action if Web sites leak its highly-popular Black Friday circular before Nov. 19.
Restaurant Chains Aspire to Hit 1-0-0-0
It took McDonald’s 20 years to get there and Starbucks 25 years. The dream of almost every restaurant chain — to hit 1,000 units — is happening at warp speed in 2007. At least five chains have hit that number this year. Sbarro and Papa Murphy’s got there. So did Panda Express, as did Panera Bread and WingStreet. Even plucky Johnny Rockets, under new ownership, just unveiled plans to multiply its 217 units to 1,000.
Some Tax Relief Coming in 2008
When taxpayers file their 2008 tax returns — that’s in early 2009 for most taxpayers — they’ll enjoy higher personal exemption amounts, a higher standard deduction and wider tax brackets, meaning more money is taxed at a lower rate, the IRS announced on Thursday. The dollar amounts for some tax provisions are revised each year to keep pace with inflation.
When Your Dream House Turns Into a Nightmare
For years Americans custom-built homes with pricey extras expecting high returns on their investment. They’re in for a letdown.
The Man Who Started Foodfight
Seth Goldstein’s ‘craplet’ apps - Happyhour, Appaholic, Foodfight - are already facebook gold. But he’s got grander plans.
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