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Talbots The specialty clothing retailer, which targets women over 35, has run out of steam over the past year. Talbots' same-store sales were down 13.9% in the third quarter of 2008, and the chain lost $14.8 million during that time. "They look dead in the water," says Howard Davidowitz, chairman of Davidowitz & Associates, a retail-consulting and investment-banking firm...
When it's time to join the fun, kit yourself out with a mask from MondoNovo in the Dorsoduro quarter. Every inch of wall space in this grottolike shop is hung with elaborate masks skillfully handpainted in vibrant colors. "The secret of wearing a mask is to invent a personality for yourself and interact with the people around you," says master maskmaker Guerrino Lovato, whose papier-mâché creations were worn by Nicole Kidman in Stanley Kubrick's Eyes Wide Shut. (See pictures of the glitz and glamour at the Venice Film Festival...
...There is a powerful argument that the number of people unemployed in the United States could rise by more than 2.5 million people in the first quarter based on the current job situation. The case that no one wants to mention is that the figure could move above three million...
...dish. Just over 30 years ago, a British baby named Louise Brown became the first viable child conceived by in vitro fertilization. Now the 3.5 million people who have followed her match the population of Lithuania. But bringing those millions into existence was not easy. On average, only a quarter of all IVF attempts with fresh eggs yield a live birth; frozen eggs perform even worse, topping out at just 17%. According to an announcement made yesterday by a team of researchers in the United Kingdom, however, all that may change. There is now a quick and reliable...
...face of prevailing economic gloom is understandable given the apparently recession-proof recipe McDonald's has cooked up. Indeed, while most companies limped out of 2008 on slumping results that look likely to plummet in 2009, McDonald's on Monday announced earnings of $985.3 million in the fourth quarter of last year. While that near billion-dollar activity represented a 23% drop over the same period the previous year - due mostly to an extraordinary tax bonus accounted to 2007 books - McDonald's also revealed an 11% rise in fourth-quarter consolidated operating income to $1.5 billion on global sales gains...