Word: reporter
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Programmers and journalists may seem like strange bedfellows; many criticize the Internet for the layoffs, buyouts and bleeding bottom lines that characterize the news business today. But, as emphasized by a report released last month by PricewaterhouseCoopers and the World Association of Newspapers, traditional news outlets must "cross the digital abyss" if they wish to survive. The problem, of course, is scraping together the capital to invest in new technologies. (Read "How to Save Your Newspaper...
...typical luxury consumer has traded in high-priced fashion for quality, durable goods at a lower price, according to a recent report by Bain & Company. As a result, the luxury market is expected to shrink by 10% in 2009, with apparel being hit the hardest. So, when French couturier Christian Lacroix filed for court protection from creditors (similar to Chapter 11 bankruptcy protection in the United States) on May 28, it came as no surprise - especially since the filing was timed to same-store sales comps for May, which for department stores like Neiman Marcus and Saks Fifth Avenue were...
...expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week, after a buyout she put together was rejected by the brand's Japanese parent company, Renown. And according to a report in Women's Wear Daily, Ungaro designer Esteban Cortezar is expected to leave the house after just three seasons, following disagreements with CEO Mounir Moufarrige. The good news for opportunistic Bergdorf shoppers? Maybe even deeper discounts on Floor Two in the fall...
...June 4 report from Fitch Ratings provides another glimmer of stability. The company's measure of credit-card late payments fell in May, after four straight months of record highs. The rate, though, was still 40% higher than a year before, and credit-card charge-offs which happen when a lender gives up on ever being repaid did continue to rise. Fitch analysts have anticipated that eventually one out of every ten dollars in credit-card debt will be written off this way, although the drop in delinquencies may indicate that people are getting a handle on their finances more...
...known primarily as the site of a horrific bombing campaign by U.S. and British forces just months before the end of World War II. The bombing, which lasted 63 minutes, started fires that ultimately claimed the lives of between 18,000 and 25,000 Germans, according to a recent report by historians commissioned by the city...