The cost of dining out in New York City held steady over the past year despite an 11% spike in prices at top-tier destinations, according to the 2008 Zagat guide released on Wednesday.
The recent flurry of toy recalls because of lead-paint contamination and other safety issues will ultimately cost worried parents more than just lost peace of mind.
More than half a million toys ranging from key chains to Winnie the Pooh bookmarks and Baby Einstein color blocks are being recalled because of excessive lead, the U.S. Consumer Product Safety Commission said Thursday.
Industry leaders Philip Morris USA and R.J. Reynolds Tobacco have begun test marketing Swedish-style “snus” products using the names of their leading cigarette brands Marlboro and Camel. Snus, the Swedish word for snuff, is made up of finely shredded tobacco leaves encased in a tea bag-like pouch about the size of a Chiclet.
It is estimated that 35% of all wireless customers now communicate with text as well as voice. The number of text messages in the United States more than doubled between the second quarter of 2006 and the second quarter of 2007, and increased more than tenfold from the second quarter of 2004.
The latest CNBC Holiday Central survey shows most expect holiday spending to grow 1% to 3% this year, the the smallest annual increase since 2002.
Snow, the Chinese beer brand partly owned by London-based brewer SABMiller, is set to become the number-two beer brand in the world this year, SABMiller said Thursday, citing industry data.
Procter & Gamble, the world's top maker of household products, will consider brand acquisitions in China to shore up and expand its leading position among multinationals muscling into the booming but fractured domestic consumer goods market.
For now, toy makers and retailers are sharing the burden, but that's only expected to last until the holiday season. Next year, American consumers will be facing price increases of up to 10% to pay for the industry's increased vigilance after more than 3 million lead-tainted toys from China were recalled worldwide since June.
An agreement unveiled during the second joint U.S.-China summit on consumer product safety came in the wake of the recalls of millions of playthings decorated with paint containing the toxic metal.
The U.S. Congress is looking into Mattel's procedures for alerting federal regulators about hazardous toys, The Wall Street Journal reported in its online edition Friday.