The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts.

The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts. Neiman Marcus, which is set to report fiscal first-...

The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts. Neiman Marcus, which is set to report fiscal first-quarter results on Dec. 10, has also suffered since the financial meltdown intensified in September. Last month, the chain saw a 14.5 ...

The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat forecasts. » BLOG: South Bay business news

Nov. 17 (Bloomberg) -- Safilo Group SpA fell the most in Milan trading since going public in 2005 as Deutsche Bank AG and Citibank Inc. advised selling the stock after the maker of frames for eyeglasses cut forecasts for the second time in four months.

Amphibious boat designer and maker Sealegs said today it is considering making a rights issue to shareholders to fund cash flow requirements, shortly after slashing revenue forecasts between 17 per cent and 39 per cent last month.

Two economists downgraded the state of Vermont's revenue forecasts Tuesday by nearly $30 million, and the governor warned that layoffs of some state workers are a possibility.

This is the gloomiest holiday season in recent memory. Each day brings new announcements of job layoffs alongside dire economic forecasts. Retail companies like Circuit City are shriveling up and threaten to blow away completely a la Sharper Image.

"R.I.P. Club Libby Lu": Jimmy Fowler This is the gloomiest holiday season in recent memory. Each day brings new announcements of job layoffs alongside dire economic forecasts. Retail companies like Circuit City are shriveling up and threaten to blow away completely a la Sharper Image.

Lebanon's economic activity over the first nine months of the year was buoyant. The evolution of real sector indicators of the first three quarters clearly supports the new Banque du Liban and the International Monetary Fund (IMF) output forecasts for 2008 and that put real growth at 6 percent this year.