One Good Thing:
A Few Positive Developments | | Rather than accept the premise that the world is ending and curse the darkness, this column focuses on economic and general news that prove there are still positive developments. Some days there will be only one good thing. Others will have several rays of light.
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November 21, 2008 - Consumers are buying something:
Research In Motion Ltd. launched Friday its first touch-screen BlackBerry device in the U.S. market, attracting long lines of prospective buyers, but questions remain about how the device will fare against its chief rival -- the iPhone. The BlackBerry Storm went on sale at Verizon Wireless stores following months of speculation. It's the latest device in what has become the most ambitious product launch schedule to date by Research In Motion, which is battling to keep its large share of the market for so-called smart phones.
And they're buying less of this:
Oil futures were near $49 a barrel in volatile trading Friday, as U.S. stocks also posted losses and analysts expressed doubt whether oil prices can stage a significant rebound in the face of slumping energy demand. Crude oil for January delivery was last down 6 cents to $49.36 a barrel in electronic trading. Earlier, it hit an intraday low of $48.25. |
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