Business

Saks CEO: Luxury Is Back
Business

Saks CEO: Luxury Is Back

Saks Inc (NYSE:SKS) CEO, Steve Sadove told CNBC that luxury shoppers appear to be back and in full force.  Saks reported a high quarterly profit mostly due to a 20% increase in online sales.  Sadove went on to comment that luxury […]

hslergr1 / Pixabay
Business

Greeks Cuts Their Debt

This piece lifts information from the German paper Frankfurter Allgemeine Zeitung – there is hardly any more reliable newspaper. Any humorous slant is strictly mine – as one thing the FAZ is not: Funny. The Greek parliament has today passed […]

Passport Global Fund Down 18% for 2011
Business

Passport Global Fund Down 18% for 2011

John Burbank’s Passport Capital had a disappointing 2011 performance. The fund’s flagship fund was down 18.4% for 2011. Burbank attributed much of the under-performance in 2011 to the fund’s investments in private, illiquid assets. The flagship  fund currently has $1.8 billion in […]