Analysts See Grim Future for Wet Seal
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Wet Seal Inc. (WTSLA.O) may have little choice but to close hundreds of its teen-oriented stores and convert dozens more to its upscale Arden B. brand if it hopes to stay out of bankruptcy, analysts said on Friday.
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ST. JOHN&#39;S, NFLD. -- An environmental assessment panel predicted seven years ago how hard it would be to clean up oil spills from a project off Newfoundland that spilled 170,000 litres into the Atlantic last week.
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The world&#39;s oil supply is expected to be stretched thin for another two to three years, even as demand tapers off and the industry gears up for an exploration and production spending spree in 2005.
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Cott Corp., the biggest maker of store-branded soft drinks, said 2004 profit may fall below forecasts because of higher plastic and aluminum costs to make containers.
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Oil supplies may fall short of demand by 13 million barrels a day by 2030, according to a study led by former Exxon Mobil Corp. chairman Lee Raymond and based on forecasts from the world's largest oil companies.
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By Curtis Morgan and Amy Driscoll, The Miami Herald  Jun. 16--A key component of the Biscayne Landing cleanup appears to have gone sour.   That could cost developers and, ultimately, Miami-Dade taxpayers.
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Competition makes for a dreary outlook for the company.
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Just a few years ago, the Wet Seal Inc., a chain of mall-based specialty stores, was the darling of teenage customers. Not anymore.
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Global warming is reaching the point-of-no-return, with widespread drought, crop failure and water shortages the likely result, according to a new international report highlighted in the British press.
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The stunning announcement is likely to damage the companyÂs prospects for decades as research linked the drug to deaths and heart problems.
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A new global treaty on tobacco is sure to be trouble for tobacco companies.
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For manufacturers, chasing short-term profit can erode long-term value.
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Hoping to halt nine-straight quarters of net losses, young women&#39;s fashion retailer Wet Seal announced Tuesday it would close about 150 stores -- including two in the Triangle -- and lay off 2,000 employees.
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Software maker aims to fix one place where leaks could occur, but the proposal itself may not be so bulletproof.
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With the company's reserves running dry, investors might want to dip into a different well.
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Is a sea change about to occur? Don't count on it.
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As the US population rises, environmental problems that were once pushed aside may get worse, experts say.