“ 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 10

1997 Nationwide Insurance agrees to pay settlement on discrimination case that the U.S. Justice Department marshaled against the company

1995 Dow-Jones hits record 4035.64

1902 Attorney General Philander Knox files an anti-trust suit against J.P. Morgan's Northern Securities Company

1876 1st telephone call made (Alexander Graham Bell to Thomas Watson)

1862 U.S. issues 1st paper money ($5, $10, $20, $50, $100, $500 and $1000)

1849 Abraham Lincoln applies for a patent; only U.S. president to do so

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...

 

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