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- Smartphone producer Palm is likely burning quickly through its cash reserves without the sales figures expected to come along with its upcoming Nova platform, a note from Morgan Keegan analyst Tavis McCourt says. Although the Treo creator had $248 million to draw from at the end of its August quarter, a new filing discovered by McCourt on Monday has revealed that Palm has registered for ...
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- They could lose more than $75 million from store and restaurant closings in 2008, an analyst says. On Wall Street, lawmakers are talking about how "toxic debt" threatens banks and lending. Out on Main Street, shoppers better start thinking about "toxic" gift cards from companies that could go bankrupt. They won't be worth the plastic they are printed on.
www.latimes.com
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