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In Print: Tuesday, February 9, 2010


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American Airlines will charge $8 for a pillow and blanket in coach class starting May 1 for domestic trips and international flights longer than two hours from Canada, Mexico, Hawaii, the Caribbean and Central America. The airline will sell a blue fleece blanket with an inflatable neck pillow, and will throw in a coupon for $10 off a $30 purchase at Bed, Bath and Beyond, spokeswoman Andrea Huguely said.

Purchases of U.S. magazines at newsstands and other retail outlets fell 9 percent in the second half of 2009, a slight improvement from the 12 percent year-over-year decline in the first half of the year. Those figures released Monday by the Audit Bureau of Circulations show how the weak economy continues to batter the magazine industry at a time when consumers have plenty of free reading alternatives available online.

Online payment provider PayPal has taken the unusual step of suspending many transactions in India since Jan. 28. Anuj Nayar, a PayPal spokesman, said that "personal payments" to and from India are being blocked. Transfers to banks in India are being suspended as well. Nayar said PayPal is taking the step while it answers questions that have arisen about the service. He declined to elaborate.

The closing of renowned Philadelphia violin repair shop William Moennig & Son, which has served musicians including Isaac Stern, Itzhak Perlman and Philadelphia Orchestra greats, has sent ripples through the classical music community as a symbol of a dying trade. The shop quietly closed in mid December after surviving the Great Depression, two world wars and an evolution in classical music as tastes changed. It was already among the last of the big violin service shops. A proliferation of do-it-yourself books has rendered the full-service shop obsolete.

Quote:

"We were well positioned when the consumer came out to shop."

Hasbro CEO Brian Goldner, as the toymaker's fourth-quarter profit surged 77 percent to $165.6 million on strong sales of boys' brands including Transformers and Nerf

Big Number

$550M

Amount that Chrysler Group says it will invest to build the Fiat 500 minicar at its assembly plant near Mexico City

The bottom line

• Kelley Blue Book to lower resale value of recalled Toyotas for second time in less than a week

• Drugstore operator CVS Caremark's fourth-quarter profit rose 11 percent to $1.05 billion

• Video game maker Electronic Arts lost $82 million in fourth quarter as revenue fell 25 percent to $1.24 billion


[Last modified: Feb 08, 2010 09:02 PM]

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