“ The most important adage and the only adage is, the customer comes first, whatever the business, the customer comes first.”
_Kerry Stokes

This Day in Business History

March 11

2009 Toyota sells 1 millionth hybrid in the US

1991 Microsoft Corp. confirms that it is the subject of an investigation by the Federal Trade Commission

1986 187.27 million shares traded in New York Stock Exchange

1941 Roosevelt signs the Lend-Lease Act into law

1938 Congress passes the Revenue Act, which called for corporate tax cuts

1791 Samuel Mulliken, Philadelphia, is 1st to obtain more than 1 U.S. patent

1702 1st English daily newspaper "Daily Courant," publishes

News

Housing's Great Fall: Putting Household Balance Sheets Together Again
Declining U.S. house prices have contributed significantly to the deepest global recession and the most severe financial crisis in many decades. At the level of individual U.S. households, falling house prices appear to be a significant cause of mortgage defaults. At least 7 million mortgage foreclosures were initiated during 2007 and 2008 combined, and all indications are that the rate of foreclosures will remain high for some time...

 

read more