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...Pricing wars have already erupted, with Walmart going head-to-head with Amazon. The two chopped prices on hot new hard-cover releases to less than $10 apiece for shoppers who preordered books on their websites. Similar price battles have been launched in toys and electronics, with Walmart's chief merchandising officer, John Fleming, proclaiming, "We're going to be the price leader for this holiday season." Best Buy's executive vice president of customer operating groups, Mike Vitelli, says his company will match competitors "dollar for dollar." (See 10 big recession surprises...
...retailers have planned for this season's frugality, ordering up to 20% less inventory, making them less susceptible to mid-December price-slashing. "You clearly aren't going to see the kind of discounting that you saw last year," says Stephen Sadove, chairman and chief executive of Saks Inc. Wayne Hood, an analyst at BMO Capital Markets, agrees. "We're expecting 50% [markdowns] to be kind of the norm this year vs. maybe 75% last year," he says. (See 10 things to buy during the recession...
This July, Brett C. Sweet, former dean of administration and finance, was named chief financial officer at Vanderbilt after less than a year at Harvard. And a month earlier, University Executive Vice President Edward C. Forst ’82 returned to Wall Street after only a year in his Harvard...
Obama Administration lawyers are likely still scratching their heads over how to respond to an extraordinary ruling in San Francisco. Last week, the chief judge of one of America's most prominent federal courts ordered an Executive Branch agency to stop interfering with a court employee's efforts to secure health insurance coverage for her wife...
...Office of Personnel Management shall cease at once its interference with the jurisdiction of this tribunal," wrote Chief Judge Alex Kozinski of the Ninth Circuit of the U.S. Court of Appeals. He gave the Administration 30 days to permit Karen Golinski, a lawyer employed by the Ninth Circuit, to include the woman she married under California law last year on her family health-insurance plan. "Some branch must have the final say on a law's meaning. At least as to laws governing judicial employees, that is entirely our duty and our province. We would not be a co-equal...