January 28, 2009
Santa Monica-based eHow, an online "how to" site owned by Demand Media, said Wednesday that the firm is seeing an increase in economy and personal finance related articles, due to the economy. According to the site, in the last six months, it has seen a 84% increase in searches for articles on finding health insurance after losing a job, networking, saving money on utilities, and cutting expenses. eHow operates a site where users can write and find various how to articles; the firm said it now has over 500,000 how to articles, and 100,000 how to videos posted on the site. Demand Media is the well funded Internet media venture of former Intermix CEO and MySpace Chairman Richard Rosenblatt.
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January 28, 2009
One of the four liquidators of Circuit City, Great American Group, which is based in Woodland Hills, said today in a statement that the firm will be providing "deeper discounts" on items at the store, claiming that more than $450 million of Circuit City's $1.7 billion of inventory has been sold. The discounters--who came under widespread fire from consumers the weekend after Circuit City announced it would be closing its stores, for meager discounts and often increased prices--claimed that merchandise will be discounted up to 40%. Typically, liquidators will gradually increase their discounts, but only after they believe they've been able to recoup as much as possible from consumers. The firm said the 40% discounts would be on "select merchandise"--usually, liquidation sales have a variety of discounts depending on desirability of items. However, the firm said that flat screen and LCD televisions will only be 20% off. Other firms involved in the sale are SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners.No tag for this post.
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