The U.S. economic slowdown is affecting even Avon's bottom line. So the cosmetic company is assembling a door-to-door sales force throughout the U.K. Avon also enlisted actress Reese Witherspoon for an ad campaign. Bob Moon has more.
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.
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.
A growing chunk of college costs is the price of textbooks, on which the typical undergraduate spends $900 a year. So a group of college professors is calling for low-priced and free texts online. Congress is getting involved, too. Jill Barshay reports.
Over the next several weeks, the government is expected to mail out $100 billion in stimulus rebates. Retail stores and electronics makers are already plotting to take that money away. Jill Barshay reports.