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Consumers Union (Publishers of Consumer Reports) Consumes Consumerist [Announcements]

2008-12-31 23:15:00| Gizmodo

Our friends at Consumerist have a new owner, and it seems like a great match: they've become the first addition to a new non-profit division of the company that publishes Consumer Reports. Consumerist will remain the same great source of no-bullshit survival tips for navigating our capitalist universe, and will remain totally independent from its older corporate sibling. Seems like a great move for Consumer Reports, who surely hopes that Consumerist's well-earned cred will go a long way toward knocking off a few years from their geriatric reader base. As a non-profit, the new Consumerist will carry ads only for other Consumers Union related endeavors. Hopefully the deal also give them keys to CR's bad ass testing facility in Yonkers, and all the toys therein. More details can be found at Consumerist. Congrats guys. [Consumerist, NYT]

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U.S. Consumer Confidence Plunges to All-time Low

2008-12-30 17:36:24| IndustryWeek

Only a modest recovery is expected in the second half of 2009

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Consumer confidence index at all-time low

2008-12-30 16:53:40| CNNMoney.com

A key measure of consumer confidence fell to an all-time low in December amid a dismal job market and uncertain outlook for the new year.

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US consumer confidence plummets

2008-12-30 16:33:35| BBC News | Business | World Edition

US consumer confidence unexpectedly drops to a record low in December, due to mounting job cuts.