Goldman Sachs to take out garbage at Thanksgiving
NEW YORK — The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving — meals planned by a star chef, cooked by one of New York’s ritziest caterers and cleaned up by employees of one of Wall Street’s most vilified financial firms. The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table. The turkey dinner will be prepared by Great Performances, a catering company that stages banquets for the grand ballroom of The Plaza. Leading the culinary team is star chef Marc Spooner, a winner of the Food Network’s ‘‘Chopped’’ TV contest and the caterer’s chef de cuisine. Three hundred employees of Goldman Sachs Group Inc., Wall Street’s richest firm, have volunteered for the holiday feast and will be tasked with taking out the garbage.
» Full StoryCalif. requires TVs to be more energy efficient
SACRAMENTO, Calif. — Power-hungry TVs will be banned from store shelves in California after state regulators Wednesday adopted a first-in-the-nation mandate to reduce electricity demand.
» Full StoryFactory production dips; wholesale inflation muted
WASHINGTON — A decline in factory production in October signals that consumers and businesses remain cautious in their spending, with the economic recovery likely to be sluggish.
At the same time, the weak economy is taming inflation.
Retail sales figures point
WASHINGTON — Improved retail sales gave Wall Street a boost Monday but provided little hope for a robust holiday shopping season that might invigorate the economic recovery.
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WASHINGTON — A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap — but that won’t happen anytime soon.
» Full StoryDisney posts surprise uptick in 4Q net income
LOS ANGELES — The Walt Disney Co. posted a surprise 18 percent increase in fourth-quarter earnings Thursday in a sign the company is beginning to emerge from an advertising market hit hard by the recession.
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