Yet another designer brand has decided to pull back on its department store presence in an attempt to polish up its image in the eyes of consumers and boost flagging sales. Michael Kors announced it will no longer accept coupons for its merchandise sold in department stores, and will be pulling back from that category in general come next year. [More]
retreat
FCC Agrees To Let AT&T And T-Mobile Withdraw Merger Application
By 11.29.11
Update: AT&T has responded to the release of the FCC’s report on their merger application, and they’re really not too happy about it. Their view is that the report was just a draft and furthermore, they never got to see it first. [More]
AIG Executives Help Themselves To $86,000 Hunting Trip
By 10.16.08
The AP is reporting that AIG executives aren’t done partying yet — they took an $86,000 hunting trip even as the company was requesting an additional $37.8 billion loan from the Federal Reserve. Meanwhile, New York attorney general Andrew Cuomo has said that as long as the company continues to be propped up by the taxpayer — he has the power under state business law to review and possibly rescind any inappropriate AIG spending.
