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Trader's Blog
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Today's News
News Summary: Men's Wearhouse ousts founder
1 hour, 39 minutes ago
THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it." WHAT'S NEXT: Men's Wearhouse says it expects to discuss with Zimmer the extent, if any, and terms of "his ongoing relationship" with the retailer.
Wynn bankrolls casino push in Everett
1 hour, 39 minutes ago
Las Vegas casino operator Steve Wynn is bankrolling an effort to convince Everett voters to support a proposed casino in the city, while nothing has been spent in opposition to the plan, according to campaign finance records. Supporters and critics of the plan say they anticipate voter approval of the agreement, marking a key step forward for Wynn in a casino selection process that will ultimately be decided by the Massachusetts Gaming Commission.
Bill could reduce illegal immigration 25 percent
1 hour, 41 minutes ago
Supporters of far-reaching immigration legislation rejected a challenge Wednesday from Senate conservatives demanding evidence that the nation's borders are secure before millions living in the United States unlawfully can gain legal status. "Illegality will not be stopped, but it will only be reduced by 25 percent," said Sen. Jeff Sessions, R-Ala., referring to the prediction by the non-partisan CBO.
Men's Wearhouse ousts founder, pitchman Zimmer
1 hour, 43 minutes ago
Men's Wearhouse doesn't like the way its founder looks anymore. The company announced the move in a terse statement that gave no reason for the abrupt firing of Zimmer, who built Men's Wearhouse Inc. from one small Texas store using a cigar box as a cash register to one of the North America's largest men's clothing sellers with 1,143 locations.
