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2010/11/26

Business News for Friday November 26, 2010

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Exuberant crowds crowd Black Friday

Holiday shoppers stormed malls across the United States in what has become an annual ritual on Black Friday to snag the biggest bargains as early as possible.

Industry analysts were looking for a 3.5 percent increase in sales over last year for the day. Early reports indicated shoppers were in a buying mood, with many gifting themselves as well as others.

Many stores pushed up their openings to 4 or 5 a.m. to accommodate the holiday crowds, some of whom camped out through ...

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Reports conflict over aid for Portugal

BRUSSELS (UPI) -- Financial Times Deutschland said the European Central Bank was pressuring Portugal to reach out for an international bailout.

The newspaper quoted an unnamed source that said a variety of EU nations and the ECB were leaning on Portugal to accept an aid package in order to shore up investor confidence before the domino effect of investors fleeing European government bonds reaches Spain, which has a far larger economy.

Reports are conflicting, as some of ...

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British turkey entrepreneur dies

NORWICH, England (UPI) -- Bernard Matthews, an English farmer who built what is now the biggest European turkey producer on 20 eggs and an old incubator, has died, his company said.

Noel Bartram, now the CEO of Bernard Matthews Farms, said Matthews, 80, had been battling cancer, the BBC reported.

Matthews became a national celebrity by appearing in commercials for his "bootiful" turkeys, The Daily Telegraph said. His homespun demeanor concealed a talented businessman who ...

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Boeing to alter Dreamliner electronics

CHICAGO (UPI) -- Boeing Co. said it was making changes in the 787 Dreamliner's electrical system following a fire during a test flight over Texas.

The Dreamliner is nearly three years behind its original delivery date. Boeing did not say how long the latest necessary modifications would take, The Wall Street Journal reported Friday.

The company also did not say when test flights would resume.

The fire occurred at an altitude of 1,000 feet as the plane was ...

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