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...whopping 1,560.65% return. Profits rose 38% in the third quarter, and sales in company owned stores rose almost 7% during the first 27 days of the third quarter (sales in franchise stores rose 6.3%). "For us, the recession has been the best of times," says Panera founder, chairman and CEO Ron Shaich. In an environment where even McDonald's, once a recession superstar, is reporting negative same-store sales (down 0.6% in November), Panera's continued growth stands out. "I've never seem restaurants this competitive," says Bob Derrington, an analyst at Morgan Keegan and a 30-year veteran...
...TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke...
...Last year was the worst Christmas in 40 years and we're tracking below that right now," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail consulting and investment banking firm.. "The whole [holiday season] will be determined by the last two days before Christmas...
...House bill calls for an 85% limit across the board; crucially, both of those bills would have ended the requirement in 2013, the year much of health reform only begins to take effect, while Reid's new provision would maintain the regulation in perpetuity. Former Democratic National Committee Chairman Howard Dean, who had advocated killing the public option-less Senate bill, said Monday on MSNBC that of the last-minute changes to the Senate bill made by Reid, the strengthening of the MLR regulations was "the most important thing of all ... It requires insurance companies not to take quite...
Earlier this year Rockefeller - who is chairman of the Senate Commerce, Science and Transportation Committee - launched an investigation into MLRs. According to Rockefeller, in 2008, insurers in the individual market spent an average of 74% of premiums on health care, compared with 80% in the small group market and 84% in the large group market; some insurers cited in the final report spent as little as 66% of premiums on actual care. CIGNA, one of the insurance companies cited, says investigators erred in calculating the company's medical loss ratios. Where the report said CIGNA spent 87% of premiums...