We get the sense that this was really a personal decision made by Mr. Nelson and that he was not pushed out by the company.
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The April IEA report supports our belief that rising inventories, moderating demand growth and Saudi Arabia's commitment to put more oil into the market will put downward pressure on oil prices.Merrill Lynch
We noted with interest that the often overlooked Furniture Appliances industry sector turned out to be one of the stronger performers in 2001...based on market capitalization, Furniture Appliances ranks 11th out of the universe of 78 industry groups with a 28.7 percent one year return.
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Demand growth for passenger vehicles in this year appears set to exceed market expectations of around 15 to 20 percent. Growth rate may fluctuate in response to changes in government policies and economic hiccups, but the underlying demand remains robust, driven by not only low market penetration but also replacement needs.
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One of the factors contributing to retail margin pressures in January was a shift in advertising to later in the year, in support of Target's evolution to more a department store and gift destination.
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Risk of brain-drain and lost business dissipates now that leadership and succession issues are resolved.
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Compass has issued, for the first time in a while, a trading statement that does not include a profit warning. Trading and management's initiatives appear to be running to schedule.
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Television has raised writing to a new low.
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