Luxury brands usually don't suffer much when the economy tanks. But Gucci is struggling and making a big shift to cheaper down-market goods. Meanwhile, Louis Vuitton is growing like gangbusters. Jill Barshay reports.
Higher gas prices and living expenses are cutting into the pros of living outside an urban area and commuting in to work. Stacey Vanek-Smith reports on how the economic downturn might affect urban sprawl.
Sixteen states are reporting budget shortfalls this fiscal year. More are expected to do so next year. The options? Make cuts or make money. Illinois, for example, might sell its lottery. Nancy Marshall Genzer reports.
Several multibillion-dollar hedge funds have disappeared in the past couple of weeks, without benefit of a bailout from the Federal Reserve or JPMorgan. Analysts say dozens more could be looking at the same fate. Stephen Beard reports from London.
There are about 2 billion square-feet of self-storage space for rent in this country. Almost 7 square-feet of storage outside the home for every man, woman and child -- and demand is rising. Andrew Phelps decided to revisit his.
Target says it's had to write off a chunk of its outstanding credit-card debt. It's bad news for one of the country's biggest retailers, and worse for card holders who are discovering they can't pay what they owe. Jeff Tyler reports.
The cost of flour has almost tripled for some bakeries, leaving owners with the uncomfortable option of raising prices and possibly losing customers at the same time. Ashley Milne-Tyte visits bread makers in New York.
Here we are in an economic downturn and, in Las Vegas today, workers are breaking ground on infrastructure for a $6 billion project that includes residential space. Jeremy Hobson asks why that's not a bad idea.