Mexican shoppers made for flood of sales receipts last weekend in McAllen

Sean Gaffney

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McALLEN — While city workers hung holiday lights along the streets, downtown McAllen’s retailers wondered if last week’s rush was a prelude to a jolly season. Mexican shoppers flooded the McAllen area the weekend of Nov. 14 and... Full story

Time Warner to spin off AOL on Dec. 9

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NEW YORK (AP) -- Time Warner says it will spin off its Internet business, AOL, as a separate company on Dec. 9. Time Warner Inc. said Monday it has declared a dividend on the AOL shares it owns that will result in a complete separation of the... Full story

Census: Small US cities lose luster in downturn

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WASHINGTON (AP) -- America's small cities are losing some of their traditional appeal to upwardly mobile families seeking wholesome neighborhoods, a stable economy and affordable living. A review of newly released census data shows, for example,... Full story

A look at economic developments around the globe

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A look at economic developments and activity in major stock markets around the world Monday: --- LONDON - World stock markets rallied after figures showed U.S. retail sales - crucial for the global economic recovery - rose more strongly than... Full story

GM reports $1.2B loss, says it shows progress

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DETROIT (AP) -- General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its... Full story

Holiday shoppers likely to reach for risk-rich, thief-friendly debit cards

Eileen AJ Connelly

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NEW YORK — Your new frugal lifestyle is about to get tested by the biggest consumer challenge of the year — holiday shopping. Even if you’re among the thriftiest who have pared back spending and paid off debt this year, it’s... Full story

Wal-Mart to keep stores open to ease Black Friday

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BENTONVILLE, Ark. (AP) -- Wal-Mart Stores says it will keep its stores open 24 hours and take new crowd-control measures Thanksgiving weekend after a temporary employee was trampled to death in a Black Friday rush last year. The world's largest... Full story

Dodd: New gov't powers could prevent economy crash

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WASHINGTON (AP) -- Senate Banking Committee Chairman Christopher Dodd on Tuesday called for sweeping new government powers to prevent another economic collapse, protect consumers and dismantle failing institutions. Dodd's 1,100 page-draft would... Full story

A look at economic developments around the globe

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A look at economic developments and activity in major stock markets around the world Tuesday: --- LONDON - Britain's two biggest banks, HSBC Holdings PLC and Barclays PLC, reported strong investment banking profits and signaled that bad debts may... Full story

Fed officials warn weak recovery won't spur jobs

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WASHINGTON (AP) -- Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday. The cautionary note struck by the presidents of... Full story

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