Economic chutes; ladders sabotaged

The financial window of Abercrombie & Fitch

Abercrombie & Fitch today reported net sales of $275.4 million for the five-week period ended October 4, 2008, a 7% decrease from net sales of $297.4 million for the five-week period ended October 6, 2007. September comparable store sales decreased 14%. Total Company direct-to-consumer net sales decreased 5% to $20.9 million for the five-week period ended October 4, 2008, compared to the five-week period ended October 6, 2007.

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From low to high, Audi is doing well thanks to their “green” car success. The Audi Q7 luxury sport-utility vehicle earned the highest rating in its category under a new consumer sentiment index aimed at identifying the smartest “green” choices available to U.S. consumers.

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And you might be interested in know about the prime rate trend which is catching on super quickly this morning. The follow banks have made serious prime rate changes over the last 24 hours. M&T Bank Decreases Prime Rate, The Bank of New York Mellon Corporation Reduces Prime Rate to 4.50 Percent, Harris Lowers Prime Rate to 4.50 Percent, SunTrust Bank Lowers Prime Rate, Webster Lowers Prime Lending Rate to 4.50 Percent, National City Corporation Lowers Prime Rate to 4.50, Wachovia Corporation Lowers Prime Rate, Bank of America and LaSalle Bank Lower Prime Lending Rate and last but not least, Bank of America and LaSalle Bank lowered their prime lending rates.

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