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Iceland 'overstated' Loan Offer From Russia - Report

 
Tom Bemis
MarketWatch Pulse
     

    LONDON -- The head of Iceland's central bank said Tuesday the bank had "overstated" the status of a loan offer from Russia and that talks were ongoing, according to a published report. The bank's governor, David Oddsson, told Bloomberg ``negotiations are starting.'' The banking official also said "we are to blame for the overstatement" and that assistance from Russia would be "very much welcomed," Bloomberg reported.

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    Same-Store Sales

    Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.

    So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.

    Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.