Word: sells
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...Taylor does not sell expensive clothes and accessories and it does not sell cheap ones. That puts it right in the center of the drop-off in middle class buying power. Firms including Liz Claiborne (LIZ) and Talbot's (TAL) are in about the same spot. Ann Taylor is probably much better off than genuinely failing retailers including Bon-Ton (BONT) and Gap (GPS). Ann Taylor, of course, is not Wal-Mart which will most likely stay in a world all its own for the duration of the downturn...
...question is: Who will pay for online media? Who will pay for a premium Wall Street Journal online subscription? Who will pay for a TimesSelect? So far it seems hardly anyone will pay for those services, and we see newspapers really getting squeezed. Separately, adult Web sites manage to sell subscriptions –– even though, by some standards, The Wall Street Journal and The New York Times might be more important or more useful. That was the impetus for this project –– the question of whether we could learn anything...
...April, the Cobbe painting will go on display for several months at the Shakespeare Center in Stratford-on-Avon. After that it will return to the Cobbe family trust. Wells says that, to his knowledge, the family has no plans to sell the painting. (Read "Shakespeare: A Life on Stage...
TIME: The stock market is acting horribly. Is another big sell off in the cards? Wein: I thought the market made a pretty good bottom in November, and clearly we didn't. I don't think it's over yet. We are still in a dangerous area because the good news hasn't started yet and the bad news is still coming through...
...energy and greenhouse-gas emissions across the entire economy. For carmakers, such legislation would be mostly neutral because they earn credit for making electric vehicles and could spend it on cars that emit too much CO2. GM now notes that one-third of the Cadillac Escalades it sell are hybrids, so it would have plenty of currency. Of course, at this point Detroit is hoping for anything that doesn't have California's fingerprints all over...