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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 […]

Politics

Danske Bank Pummeled By ATP

It is all over the Danish Papers that FIH Bank (FIH=Finansieringsinstituttet for Industri og Håndværk) is offloading 15 bio DKK of bad loans to real estate developers to Finansiel Stabilitet (the state rubbish bin for dead loans and deceased banks). […]

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 […]