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Good Day, Bad Day
October 25, 2007
GOOD DAY FOR: Tenacity, as the Federal Trade Commission is reviving its legal efforts to scuttle Whole Foods’ acquisition of Wild Oats. The $565 million deal closed in August after the FTC lost its antitrust challenge and appeal in federal court. (The Wall Street Journal)
BAD DAY FOR: Realtors, as sales of existing homes in September fell a record 8 percent from August, and 19 percent from September 2006. Also, the median home price fell 4.2 percent from a year earlier. “The fundamental problem for the market is too much inventory,” said Moody’s economist Mark Zandi. (USA Today)
of The Week magazine.