A White House deficit-reduction commission has recommended mass layoffs of government workers – up to 200,000, or 10% of the workforce, by 2020, major cuts in military spending, and raising taxes and gasoline prices as the necessary components of a plan to reduce the U.S. national deficit. The 58-page document, termed “The Moment of Truth,”… Continue Reading
Online retailers saw significant sales success on the Monday after this year’s Thanksgiving. “Cyber Monday,” so named to both reflect and encourage the post-Thanksgiving boom in online shopping, may generate up to $1 billion in sales this year, according to a Jeffries analyst. This will reflect an increase from last year’s Cyber Monday sales of… Continue Reading
Higher income consumers have expressed greater optimism about their financial future but their lower income counterparts are still struggling. It is the goal of America’s retailers to attract both sectors to their holiday sale season, which begins on “Black Friday,” the day after Thanksgiving, this week. “It’s critical to get off to a good start… Continue Reading
As Thanksgiving approaches towards week’s end, stocks have risen in anticipation of Black Friday. The gains in sales during the first half of November have given hope that the day after Thanksgiving, which is the traditional start to the retail industry’s biggest sales period, will launch a flourishing holiday selling season. MasterCard Advisors’ Spending Pulse,… Continue Reading
As Thanksgiving 2010 approaches, investors have their eye on Black Friday. This is the traditional start of the holiday shopping season which aims to identify a level of retail volume that will indicate a market upswing. This year’s Black Friday, so-called because stores usually make sufficient sales on that day to get their accounts “into… Continue Reading
Berlin / Dusseldorf – Thomas Fox the CEO of Karstadt predicts a great future for his department store chain in Germany. “The best times of these department stores in Germany still lie ahead,” lectured Fox on Wednesday even before the industry gathered at the German trade conference in Berlin, “Germany is a country store.” To… Continue Reading
On August 7, 2006 Orthofix International announced that it had finalized a deal in which it would acquire Blackstone Medical, Inc. President and Chief Executive Officer of Blackstone, Matt Lyons, said about the deal that: “We are especially excited about the benefits of combining our advanced product development capabilities with Orthofix’s experience in developing innovative… Continue Reading