Sales at several retail stores were up last week, providing some optimism for a slight economic boost. Analysts warn, however, that one week of positive sales growth does not reflect long-term economic growth.
Consumer credit rose in July, illustrating that Americans are utilizing free financing agreements and low interest rates to spend and spur an economic upturn. Consumer spending accounts for almost two-thirds of America's economic activity.
Several Champps Americana restaurants in Wisconsin and 52 Dairy Queen locations in Minnesota have begun serving irradiated ground beef. Other restaurant chains are watching the pilot programs before deciding to adopt the process.
Analysts predict Procter & Gamble could surpass its $4.95 billion acquisition of hair-color company Clairol. Chairman and chief executive A.G. Lafley said P&G has between $8 billion and $10 billion to finance an acquisition, which industry observers say could be in the health-care and beauty-care sectors.
Research shows 60% of business leaders think the Web is the best way for advertisers to reach them. The study found Web use decreased newspaper and magazine readership for more than 45% of those polled.