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Daily News – October 19, 2009

October 19, 2009
Carl Icahn, offering to bail out CIT

Carl Icahn, offering to bail out CIT

MR Magazine has published a Barney’s Media Release announcing Barney’s has opened a flagship store in Scottsdale, Arizona. The specific location is the Scottsdale Fashion Square Shopping Center.

CIT has also had a bailout offer, which could help it avoid their currently planned bankrupcy. CBC is reporting that Carl Icahn is offering a $6 billion US loan to bail out CIT Group Inc.

WWD is reporting that LVMH Moët Hennessy Louis Vuitton is seeing Q3 sales decline as the demand for their luxury goods lower.

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