The mortgage crisis took an ugly new turn last week when several alleged scammers were arrested in California and their businesses closed. The defendants telemarketed homeowners to offer fraudulent loans, then used “psychological pressure, forgery, and outright lies” to close the sale, Attorney General Edmund G. Brown Jr. said in a statement.
Borders Group Inc., the direct marketer and retailer of books, said Thursday it may put itself up for sale and has lined up $42.5 million to stay in business.
Delia
Portrait Software, a developer of customer interaction optimization software, will acquire Million Handshakes AS, a Norwegian provider of outbound campaign management software.
Today we meet Beth Stewart, president and founder of Carlsbad, CA-based list brokerage and management firm Infocore Inc.
Next plc, parent of the Next Directory catalog, posted net income of $353.9 million pounds ($701.3 million) for the year ended Jan. 31, a 6.8% increase over 331.5 million pounds ($656.9 million) in the prior year.
Charming Shoppes Inc. posted a net loss of $23 million for the fourth quarter compared to net income of $24.9 million in the prior year.
360i, a digital marketing agency, has acquired digital design, and marketing firm I33 communications.
Hannaford Bros. Co. revealed that its computer network had been hacked, and that credit and debit card numbers belonging to customers of its chain of supermarkets had been stolen. Hannaford also said it knew of
The U.S. Postal Service may need to file a new notice with the Postal Regulatory Commission in order to justify a 1.4 cent-per-piece discount it wants to offer mailers in return for putting barcodes on certain standard mail pieces.
