Word: goodness
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Higher-end department stores such as Saks, Nordstrom, and Neiman Marcus saw decent traffic even though they didn't offer discounts that exceeded 70% as they did last year. "Inventories are much tighter and promotions much more reasonable, which should lead to good margins," says Balter...
Light said that it was a good time, both for him and for the institution, for a new leader to take over...
...added that it would be hard to raise capital. Cooper, while not discouraging new business efforts, said that now was “not a good time for new ideas...
...There’s never a good time or a bad time,” he said. “It’s not so much a matter of the climate as it is of the need...
...banks, not surprisingly given their current condition, have resisted, and are now in negotiations in with Dubai World. The banks may have limited options. It does little good to go after Dubai's overseas holdings because those have largely been into the troubled real estate market as well. Those holdings and joint ventures involve the Essex House hotel in New York City, the W Hotel group, MGM Mirage in Las Vegas as well as smaller interests in such properties as Raimon island in Thailand...