Word: firms
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...Resort, which add up to $20 billion of construction, as proof that the Vegas brand is fundamentally strong. "There's a resilience to Las Vegas that's unlike anything else you see in the country," says Dick Rizzo, vice chairman of Perini Building Co., the largest construction firm in town...
Cerberus LLC, the once powerful private equity firm, swept into Detroit in the autumn of 2006 to acquire a 51% stake in GMAC, General Motors' financial arm, and less than a year later it drove off with Chrysler, described at the time as the "capstone" of Cerberus' industrial empire. Never mind that the seller, Daimler, was only too happy to get rid of the auto company...
...Some industry experts are not optimistic about Chrysler's prospects. "I think (Chrysler) is going to have to merge," says Alicia Masse, managing director of BBK, a consulting firm-based in Southfield, Mi. that has done extensive work in the automobile industry...
...This has been an uncharacteristically quiet last surge week before the holiday," says Marshal Cohen, chief industry analyst at the market research firm NPD Group. "Usually, this week is money in the bank for the retailer, because they can count on the consumer that has waited until the last minute or the person that has added extra people to their shopping list. Not so this time. This has probably been the most challenging holiday many of these retailers have seen...
Amid the gravest economic and financial crisis in decades, the outlook for Christmas was never very bright. Some 54% of Americans polled by market-research firm TNS Retail Forward said they planned to spend less money on Christmas gifts this month than they did one year ago. The pullback is not just hitting middle market retailers, such as Dillards and Macys, but upscale stores like Saks Fifth Ave and Nordstrom as well. Saks, for example, saw same-stores sales decline 11.5% in the third quarter, followed by a 5.2% decrease in November...