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Financial

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Buffett Bets on U.S. Recovery

Retail stocks dip slightly Tuesday as Revlon advances again.

Tod's, Valentino Bullish on Outlook

Tod’s SpA chief executive officer Diego Della Valle said Tuesday the Italian luxury shoe and leather group should beat full-year forecasts.

Daily Stock Wrap: November 03, 2009

The day's top gainers and losers.

Polo Second-Quarter Profits Rise 10 Percent

Earnings per share for Polo exceeded analysts' estimates.

Metro Profits Halved in Quarter

German retail giant saw sales in period decline 4.2 percent.

Beiersdorf Profits Sink 9 Percent

German firm’s sales dipped 3.1 percent in third quarter.

Escada Insolvency Proceedings Begin

Insolvency proceedings over the assets of Escada AG were opened Sunday at the Munich Municipal court.

Retail Stocks Up 0.9% Monday

S&P Retail Index rises Monday on improvement in the manufacturing sector, with CIT bankruptcy having little effect on shares today.

CIT, bankruptcy, restructuring, Carl Icahn, Richard Kestenbaum, Gary Wassner, Andrew Jassin, factoring

With CIT in Bankruptcy, Industry Holds Its Breath

Serious questions remain about CIT’s business, including the status of new contracts and whether the lender will sell its factoring unit.

Damiani Birks & Mayors Ferrari Calderoni Alfieri & St. John

Birks & Mayors to Carry Damiani Products

Italian jewelry firm Damiani has inked a deal with Birks & Mayors Inc. to distribute its products throughout its chain.

ratti, marzotto, favrin

Marzotto, Favrin to Take Ratti Stake

Marzotto SpA and former Valentino Fashion Group SpA chairman Antonio Favrin in deal to buy 66.7 percent of Ratti for $30.6M.

Daily Stock Wrap: November 02, 2009

The day's top gainers and losers.

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