Word: ending
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...When the deal to sell part of GM's Opel to parts supplier Magna began to lose momentum, Henderson failed to gauge the depth of the board's sentiment that GM keep Opel as a strategic asset and he remained opposed to doing so up until the very end. That left him crossways not only with Whitacre but also with the German government - an embarrassing place...
...anomaly in all of this was luxury-jewelry retailer Tiffany, whose traffic was up year-over-year, although many of its sales were on lower-end silver items, says Joseph Feldman, managing director and retail analyst at Telsey Advisory Group...
...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...
Harvard Business School Dean Jay O. Light will step down at the end of this school year, he announced in an e-mail to the HBS community Wednesday afternoon...
...scapegoating of immigrants and the vision of the league's White Christmas irk the Comunita di Sant'Egidio, an influential Catholic lay group that defends immigrant rights. "The insults and rhetoric help to exploit uncertainty and create political consensus," says Mario Marazziti, Sant'Egidio's spokesman. "But in the end, it is against the national interest. Italy is in demographic decline, and the only real chance is to work to integrate immigrants, who are the last hope for the country to start to grow again. All the rest just creates conflict and puts off resolving this crisis...