At 10 a.m. on a hot Friday, Antonio Rodriguez Alvarez and his brother, Francisco, sit outside a bar in Ecija, Spain, drinking an anise liquor with water. Unemployed laborers, they visit the job center daily at 9 a.m. in search of work. When there is none, they repair to the bar and worry.
Restoration Hardware Holdings Inc., the seller of leather couches and tables made of salvaged wood, rose 30 percent in trading after pricing its initial public offering at the top of the proposed range.
For some, seeing Kevin Durant slice through the Lakers en route to the rim must have sparked memories of high-flying fellas with nicknames like “The Glide,” “The Human Highlight Film” or, for those in Seattle, “The Rain Man.”
Restoration Hardware Holdings Inc. is betting investors will be willing to pay a 60 percent premium to buy shares in its initial public offering as the home-furnishing retailer’s profits surge and the housing market recovers.
Spain’s region of Castilla-La Mancha, run by the People’s Party that polls suggest will win control of the central government in November, vowed to cut the nation’s highest regional deficit by 2012 without raising taxes.
Castilla-La Mancha, which has Spain’s biggest regional deficit, aims to cut the shortfall fivefold this year without raising taxes as it stays shut out of debt markets, President Maria Dolores de Cospedal said.