Iceland’s economic turnaround is within reach: IMF

A late-year turnaround for Iceland’s devastated economy remains within reach, the head of the International Monetary Fund’s mission said Friday after concluding a visit to the North Atlantic island nation.

From MarketWatch

Baugur directors regroup for fresh retail venture

Baugur directors Gunnar Sigurdsson and Don McCarthy have teamed up to create the company, Tecamol. It is understood that Baugur founder Jón Ásgeir Jóhannesson is also involved.

From Retail Week