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Daily News – October 13, 2009

October 13, 2009

The Wall Street Journal, Marketwatch, Businessweek and The New York Times are all reporting that CIT CEO Jeff Peek is going to step down by the end of the year. The announcement essentially confirms that his role and influence over the potential restructure is very limited at best.

WWD is reporting that Chanel is opening a new boutique in Shanghai.  MR is reporting that Tommy Bahama has just signed a deal with Major League Baseball to release a limited edition shirt to celebrate the 2009 world series.

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