Thursday, October 23, 2008

iShares Funds Distributing Capital Gains:

In addition to hosting its 2008 winter market, the World Market Center in downtown Las Vegas has a new president and chief executive officer.

On Monday World Market officials introduced Bob Maricich, former president and CEO of Century Furniture Industries, a Hickory, N.C., -based company among the world's largest privately owned makers of upscale residential furniture.

Maricich will replace Harvey Dondero, who stepped down in August after less than a year on the job.

The new CEO said Monday he hopes World Market Center will be a force for change in the home furnishings business, an industry that is hurting from the housing slump and facing tough competition globally.

"What has worked in the past no longer works now," Maricich said. read more


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