July 2009


“I don’t want to sit at home." He plans to work at least until 70.The traditional idea of retirement — an end-of-life period of leisure and personal pursuits —is becoming a vestige of bygone days. The new plan: keep working. By John W. Schoen.

Horses are key to the success of a Wolf Creek, Mont., dude ranch that has enabled Zack and Patty Wirth to make a living on their property by diversifying operations. It has has helped Zack Wirth, a fifth-generation rancher, stay on the land that his grandfather bought in 1951.Zack Wirth realized more than 15 years ago that the economics of ranching would not let him make a living on his ancestral home, a scenic slice of western Montana tucked in the Rocky Mountains.

Christopher Chosam and his family bought a new car through the ‘cash for clunkers’ program, which offers up to ,500 in government incentives for those who trade in an old gas guzzler, at Paragon Honda in Woodside, N.Y.Auto dealers around the country report that the first weekend of the billion “cash for clunkers” program, officially titled the Cash Allowance Rebate System, is off to a good start.

Americans' lack of confidence presents a big hurdle for retailers because consumer spending accounts for more than 70 percent of economic activity.Americans are looking past the stock market surge and signs of a stabilizing economy and focusing on something more personal — job worries.

A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing.

Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a 3 million deal to buy Virgin Mobile USA Inc.

A lawyer for victims of Bernard Madoff’s fraud says Madoff told him during a 4 1/2-hour jailhouse interview in North Carolina exactly how the fraud took place.

Microsoft and Yahoo could soon announce a search partnership, sources familiar with the matter told the Wall Street Journal which reported the news on the paper’s Web site.

Microsoft Corp. said Tuesday it is planning to open its first two retail stores in Arizona and California this fall.

A CNBC panel discusses whether the recession has ended and what shape the recovery may take. (CNBC)Mixed reports on the economy and earnings Monday sent the stock market drifting lower and easing off a two-week rally that lifted major indexes 11 percent.

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