Saks CEO Sees Reasonably Healthy Luxury Sales Rise

Feb. 28 (Bloomberg) -- Stephen Sadove, chief executive officer of Saks Inc., talks about the luxury retail market and his company's fourth-quarter earnings and strategy. Sadove, speaking with Betty Liu on Bloomberg Television's "In the Loop," also talks about J.C. Penney Co. (Source: Bloomberg)
Fed 'Normalization' a Good Thing: OECD's Gurria
35:38 - OECD Secretary General Angel Gurria says that the U.S. Federal Reserve will raise interest rates gradually; the only question is when it starts. He also said the Chinese economy is adjusting to a more "sustainable cruising speed". He spoke with Bloomberg's Ryan Chilcote at a meeting of G20 finance ministers in Ankara on "the Pulse."
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