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However, when Wells Fargo and Credit Suisse were contacted, they confirmed there had been "discussions" with Hertzberg's group, but said no formal agreements had been hammered out yet.

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

Andrew Herzberg shrugs off such concerns. He says it all comes down to how the assets are managed, how the real estate performs, and, if all else fails, a reinsurance contract. He says the 20% premium fee will be placed into an investment trust and actively managed over the eight...

Author: /time Magazine | Title: A Guarantee Against Losing Cash on Homes? | 3/4/2010 | See Source »

All of these items may be popular with consumers, but the trend has triggered a heated response from family advocacy groups. Norman Wells, director of the Britain-based Family Education Trust, says the Debenhams gift registry deliberately glorifies divorce, something he says could have been avoided had the chain devised...

Author: /time Magazine | Title: In Britain, a Gift Registry for Divorces | 2/26/2010 | See Source »

A chilling frugality may remain in the air, but buds of optimism for retailers are sprouting nonetheless. The National Retail Federation (NRF), in its 2010 outlook released Tuesday, Jan. 26, expects retail sales to rise 2.5% on average in 2010, reversing the 2.5% decline seen in 2009. "As we continue...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

"Banks write-offs usually come after the economy has already cracked," says James Paulson, chief investment officer of Wells Capital Management. "The charge-off rate looks to have peaked." (See the worst business deals of 2009.)

Author: /time Magazine | Title: Bank Earnings: Economic Woes Persist | 1/20/2010 | See Source »

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