| November 13, 2009 |
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 | Toronto Eaton Centre Launches iPhone App on Mobile Fringe Platform - Holiday shopping just got a whole lot easier and more fun as the Toronto Eaton Centre released its own innovative application for the popular Apple iPhone, powered by Mobile Fringe. Toronto Eaton Centre is the first shopping center in Canada to launch an interactive app. |
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Retail-sales growth is best in 7 years at Westfield's U.K. centers: Westfield Group, the world's biggest shopping mall owner as measured by market value, said retail sales at its U.K. malls were up 3.7% in the past three months. In October, retail sales at the company's British properties rose at the best pace in seven years. Westfield's London shopping complex recently signed more than 15 new tenants. Bloomberg
(11/12)
- REITs might be ready to rebound
 The worst might be in the past for REITs, Peter C. Beller writes. "A savvy gamble by REIT managers looks to have paid off, say analysts at RBC Capital Markets. Now some landlords are raising their forecasts and others could follow," he writes. Forbes
(11/11)
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- Costco CFO is cautiously optimistic
With same-store sales turning positive in September and October, Costco Chief Financial Officer Richard Galanti said the company hopes consumers are starting to buy again. The warehouse club is seeing customers begin to buy discretionary items such as cameras, clothes and sporting goods after months of holding back. "We still are cautious but are keeping our fingers crossed that people are buying a little bit," Galanti told investors this week. ABC News/Reuters
(11/11)
- Best Buy international CEO announces retirement
 Bob Willett, CEO of international operations at Best Buy, has announced he will retire Dec. 31. The consumer-electronics retailer, which has stores in Canada, China and Mexico in addition to its 1,140 outlets in the U.S., is about to enter the U.K. in a highly anticipated move. Willett will not be replaced. Telegraph (London)
(11/11)
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| Legislative & Regulatory | | |
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- Fed's activist response to crisis prompts political fallout
The Federal Reserve has long held its independence as key to its ability to focus on its mandate and guide the economy. Political fallout from the Fed's role in and response to the financial crisis will make it difficult for the central bank to do its job, former Fed officials said. Sen. Christopher Dodd said his proposal to overhaul financial regulation would help the Fed focus on interest rate and monetary-policy decisions by removing its responsibility to oversee banks. The Obama administration disagrees. The contrasting views could hinder approval of legislation to revamp financial regulation. The Washington Post
(11/12)
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