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Fairway goes public
Fairway, a popular New York metro area supermarket, announced in a regulatory filing that it is going public. The company said it expects its stock to price in the range of $10 to $12 per share as it looked to raise as much as $164 million.
Fairway operates 12 locations in the greater New York City metro area and in on track to open a store this summer in Manhattan's Chelsea neighborhood and one in Nanuet, N.Y, in the fall.
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IBM forecast: Jewelry sales to shine this year
New York -- Jewelry sales are expected to grow more than 11% in the second quarter and 9% overall this year, according to a new IBM Big Data-based forecast.
According to the analysis, improved consumer confidence, lower unemployment and enhanced stock dividends from fourth quarter 2012 have combined to leave people ready to start spending on luxury items again, like jewelry.