Goldman Sachs’ investors show irritation
Goldman Sachs’ $16.7 billion bonus pool is riling not only Democratic politicians and anti-corporate activists but the firm’s own investors as well. Big holders of Goldman stock, including AllianceBernstein and State Street Corp., are calling on the firm to distribute some of the pool to shareholders.
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Savings rate rises, interest rates fall
The personal savings rate of Americans is now 3 percent, roughly double that of a year ago. But with interest rates approaching zero, interest income has fallen 7.4 percent a month in the past three months.
Associated Press
Toys R Us starts “Black Friday” on Thanksgiving
Apparently 5 a.m. on the Friday after Thanksgiving isn’t early enough for Toys R Us shoppers. This year, the retail chain will open the doors for its “Black Friday” sale at 12:01 a.m. on Thanksgiving.
CNNmoney.com
From 1 flight per week to 642 flights per week
Twenty years ago, South Korea did so little business with China that only one weekly flight connected Seoul and Beijing. Today, China is South Korea’s top trading partner, and flights to China have soared to 642 per week.
Financial Times
Mary Kay increases sales in China by 20 percent
Mary Kay, the direct-sales cosmetics retailer, has 200,000 representatives in China, fueling a 20 percent rise in sales there this year.
Slate.com
Las Vegas housing market down by 55.4 percent
The most depressed U.S. housing market is Las Vegas, where prices have fallen for 37 straight months. Prices have sunk 55.4 percent from their 2006 peak.
Marketwatch.com