Read all about it! This Week’s Top Line News Summary – 11/30/09
Breaking out of your Thanksgiving-induced tryptophan coma yet? If not, we are confident that this morning’s exciting news headlines will! It’s Monday – “Cyber Monday” in fact, for those in the Retail sector – so it’s time again for our weekly preview of this week’s headlines in the B2B sectors we work in the most. Last week we focused on banking, healthcare and markets; this week we’re going to several other corners of the business world: management, real estate and of course – retail.
Here are some headlines to look for this week:
Retail: The big retail buzz this week is Black Friday and November same-store sales. More Shoppers Hit Stores, but Spend Less Each this Black Friday, and the media is covering the weekend shopping at a rapid pace. Today, Cyber Monday will be watched closely and we expect stories to follow leading up to Thursday’s release of November retail sales. According to Barron’s, the big winners for November are expected to be Costco and TJX. Read more: Click here.
Management: Microsoft is the latest company to face a management transition with the announcement that CFO Chris Liddell will leave the company by the end of the year to look for a new job. Read more here.
Real Estate: A Dubai-based state-owned investment conglomerate Dubai World, with $59 billion of liabilities, set off a global stock market selloff this week after it said it wants to restructure its debt, including at its property subsidiary Nakheel. Read the Reuters coverage here. The announcement is rattling the U.S. real estate market as well. According to analysts, Dubai may have to unload properties at distressed prices which could drive down the price of all commercial real estate. While it looks like the debt may be covered by UAE government interests, the question is: what will happen to the individual property sales? What impact will those prices have beyond the Middle East?
What are YOU reading this week?
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