Word: abboud
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...offering sharp suits (including some unsold European-designer merchandise) at sharply cut prices. Designers and retailers who work the high end with a continental flair are also flourishing. GFT USA, the American branch of the large Italian textile company that manufactures and distributes such lines as Armani and Joseph Abboud throughout the U.S., estimates that it has cornered 20% of the higher-priced men's market (anywhere from $800 up), about double its share of only five years ago. Says Alan Bilzerian, who sells his own line of stylishly quirky and comfortable men's wear from his Boston store...
...have finally emerged from the Dark Ages of food labeling into the Renaissance that the public deserves," said Dr. Francois Abboud, president of the American Heart Association, at the prospect of the labeling changes. The reform, he said, would be useful to "millions of Americans who want to reduce their risk of heart and blood-vessel diseases." Earlier this year the A.H.A., bowing to criticism and threatened federal action, scrapped its own HeartGuide seal-of-approval program just two months after it started. "Right now, any product can say it's high-fiber this and bran that," agreed Nancy Hailpern...
...finding: these coffee drinkers were no more susceptible to strokes or heart attacks than anybody else. The results could ease the minds of the 100 million or so Americans who drink an average of 3 1/2 cups a day. "This is a very important study," says cardiologist Francois Abboud, president of the American Heart Association. "From a public-health standpoint, we cannot advise people to stop drinking coffee...
...thing is certain: the wave of consolidation in the financial industry is far from over. Competition is growing both among U.S. bankers and with foreign institutions. "There won't be 14,000 banks and 3,000 thrift institutions forever," says Robert Abboud, the former First Chicago president who last year became head of Houston's failing First City as part of a federal rescue. But not even a tough survivor like Abboud knows which banks will stay and which will...
...edged manager may be just what First City needs. Despite a partial recovery in petroleum prices this year, the Texas economy is still stagnant and oil-patch lending remains a risky business. The FDIC has already rescued eleven Texas banks, while 38 others went belly up. Last week, as Abboud set up temporary quarters in a First City Tower conference room, he said he will aggressively seek new business, and predicted that First City will be profitable "very shortly" after the influx of FDIC and private funds. "As this bank emerges, it's going to be formidable," Abboud vowed...