Word: retail
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Scot case was not happy. Vice president of the environmental marketing firm TerraChoice, Case last year sent his researchers into a big-box retail store to evaluate the green advertising claims of some of the products on its shelves. The results were startling: of the 1,018 products TerraChoice surveyed, all but one failed to live up fully to their green boasts. Words like nontoxic were used in meaninglessly vague ways. Terms like Energy Star certified were in fact not backed up by certification...
...Imam Square is also where you'll find Isfahan's bazaar. Save your rials for miniature paintings, decorative tiles and - if you're feeling flush - a rug or two. When retail overload hits, head deep into the market and get a table at the delightfully clandestine Azadeghan teahouse for a pot of brew and a plate of sweets. Try the nabat (saffron rock candy) or the Moorish zulbia (twirly, deep-fried dough in syrup...
...combination of Germany's second- and third-largest banks creates the country's No. 2 bank with $1.46 trillion in assets, half the size of the nation's market leader, Deutsche Bank. In terms of retail customers in Germany, the newly enlarged Commerzbank is now the leader in German retail customers, with 11 million compared to Deutsche's 9.7 million...
...Only a few years ago, it was Commerzbank that looked like a takeover target. But Blessing, who became head of the bank just three months ago, helped engineer a turnaround of the bank's retail business and lending to mid-sized businesses, Germany's famous Mittelstand that forms the backbone of its economy. Blessing, a hobby marathon runner who had hoped he would be able to rebuild Commerzbank at a less hectic pace, realized that in the current financial crisis the opportunity to take over rival Dresdner may not come again...
...that Germany has safeguarded its core commercial banks from foreign raiders, the Postbank, a large retail bank with no corporate lending or investment banking activities, could end up in foreign hands. "Postbank is the last chance for anyone who wants get into the German commercial banking market," said Becker, the Merck Finck analyst...