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Even so, money managers have been getting more selective novelty cufflinks uk sale. (Graphic: tmsnrt.rs/2PK8wGb). Eaton Vance Corp portfolio manager Kathleen Gaffney, whose Multisector Income Fund (EVBAX.O) holds bonds issued by J.C. Penney Co Inc (JCP.N) and Nordstrom Inc (JWN.N), said she has scaled back the J.C. Penney holding. “They’ve pretty much secured every asset that they have so it is going to be challenging. Nordstrom, on the other hand, is well suited for the current market,” Gaffney said at the Reuters summit, adding that the company’s managers have been effective and target a solid, upscale niche..

Nordstrom shares have added nearly 12 percent this year, including dividends, sharply paring gains closer to 50 percent earlier this year after reporting disappointing third-quarter same-store sales. J.C. Penney shares crashed nearly 60 percent over the same period as the company continued to struggle to appeal to changing tastes of younger shoppers less likely to frequent traditional department stores. Katie Shaw, sector leader for the global consumer team at Fidelity Investments, said she is positive about retail stocks because U.S novelty cufflinks uk sale. consumers are getting a raise, seeing inflation-adjusted wages gain at all income levels for the first time since the 2007-2009 global financial crisis. But Shaw has a lower holding in mall-based department stores and big-box retailers than the benchmark against which she is measured..

TOKYO (Reuters) – A former Nissan Motor (7201.T) executive arrested along with ex-chairman Carlos Ghosn has defended Ghosn’s compensation, saying it was discussed with other officials and paid out appropriately, Japanese public broadcaster NHK said on Saturday. In his first reported comments since his arrest on Monday, Greg Kelly was also quoted by NHK as saying that he had worked for the good of Nissan rather than just following Ghosn’s instructions. Japanese prosecutors say Ghosn and Kelly conspired to understate Ghosn’s remuneration by about half the 10 billion yen ($88 million) he earned at Nissan over five years from 2010. The company has also cited other, multiple infractions novelty cufflinks uk sale.

“The former chairman’s compensation was discussed with those in the related department and carried out appropriately novelty cufflinks uk sale. I was not just following the former chairman’s orders, but working for the good of the company,” Kelly said, according to the report. Nissan’s board voted unanimously on Thursday to remove Ghosn and Kelly from their positions. Both were arrested after a Nissan investigation uncovered evidence of serious wrongdoing including under-reporting remuneration and personal use of company assets..

(Reuters) – Logitech International SA, a Swiss manufacturer of keyboards and webcams, is in discussions to acquire Plantronics Inc, a U.S. maker of Bluetooth earpieces and gaming headsets, people familiar with the matter said on Friday. The deal would be by far Logitech’s largest acquisition and would illustrate the company’s push to diversify its business novelty cufflinks uk sale. It would come as Logitech and Plantronics seek to keep down manufacturing costs following the introduction of tariffs on imports from China into the United States..