On 28 November 2012, women’s clothing retailer Coldwater Creek reported a loss of $20.5 million USD. Investors were actually happy, because that was an improvement over the same quarter last year.
Coldwater Creek explained that their losses weren’t as bad as expected because sales actually went up, by 7.3% for same store sales.
Dennis C. Pence […] Continue Reading…
“You make Sears sound like a liquidation play, not a retail recovery.”-from Fortune magazine
“The retail recovery is a potential upside. Regardless, you’ll see gigantic cash flows from the closing of locations, the pulling-out of the cash from inventory, work in process, and distribution centers. They’re not idiots when it comes to real estate. They […] Continue Reading…
29 November 2012, two days ago workers in Ukraine raised steel arches over the entombed Chernobyl reactor: “This is a very significant milestone, which is a tribute to the ongoing commitment of the international donor community, and an important step towards overcoming the legacy of the accident.”-Suma Chakrabarti, European Bank for Reconstruction and Development
Those new […] Continue Reading…
29 November 2012, anti-Japanese sentiment in China is having a drastic effect on Japanese car production in the (supposedly) communist country.
Overall, the six Japanese car companies operating in China saw a 48.9% drop in production in October (compared to October 2011). It’s even more drastic when you look at production for each company.
Mazda down […] Continue Reading…
29 November 2012, a retail real estate watchdog, CoStar Group, revealed that Sears, Kmart and even JCPenny have fallen behind in payments on loans they got back in 2010.
CoStar says about 24% of Commercial Mortgaged Backed Security (CMBS) loan payments are 30 to 90 days late, and that “…two of the largest three tenants […] Continue Reading…
29 November 2012, gee after saying they didn’t have the money, and blaming unionized labor for the shut down of Hostess, suddenly they’ve got the bucks to pay bonuses to their incompetent executives!
Hostess officials are asking a bankruptcy judge to approve the paying out of $1.8 million USD in bonuses to their 19 executives. […] Continue Reading…
“It was my fault. But nobody told me that there was no emergency exit, which could be made accessible from outside. Nobody even advised me to install one like that, apart from the existing ones. I could have done it, but nobody ever suggested that I do it.”-Delowar Hossain, factory owner
Days after a fire […] Continue Reading…
“We obviously disagree with our oldest ally [France] on this issue. They know that we disagree with them.”-Victoria Nuland, U.S. State Department spokeswoman
28 November 2012, dozens of allies of the United States, such as France and Denmark, say they will vote against the wishes of the U.S. and Israel, and vote for Palestine!
The United […] Continue Reading…
“In a new violation of the ceasefire, the Zionist enemy arrested nine citizens and sunk several boats in the sea off the northern Gaza Strip!”-Islam Shahwan, Hamas
28 November 2012, typical of Israel, they are always the ones who break agreements, despite what the Israeli controlled U.S. media says!
According to Palestinian/Gazan medical reports Israeli troops […] Continue Reading…
26 November 2012
Yet again, religious leaders have condemned suicide bombing. The Clerics Council of Afghanistan said such attacks are prohibited in Islam. Those behind tricking people into committing such acts are not eligible to enter paradise. Those who carryout the suicide bombing are committing an unforgivable sin.
So who’s really behind such acts? There is plenty of […] Continue Reading…