Word: cornerer
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...during trading Monday. It opened with an opening dive - its first dip below the 7,000 point bar in more than a decade. And why would the Dow resist the mega-tanking that bourses elsewhere experienced today, amid a flurry of dismal financial and economic news from virtually every corner of the globe...
...saying China's carmakers have turned the corner. Despite stimulus measures, the country's overall car in January were down 14% compared with the same period a year ago (U.S. sales fell 37%). The government has targeted a 10% expansion this year. But Michael Dunne, a Shanghai-based analyst with research firm JD Power, estimates that based on January figures, the mainland's auto market this year will shrink for the first time in 20 years...
...wasn't a Wall Street bonus or a corner office, but Stevens' lucky break gave her enough to raise her kids and put a roof over the head of any friend or relative who happened to hit a rough patch. She left that job after eight years for the Kansas City office of Gateway computers, which was then a booming enterprise with a Midwestern flavor. There, Stevens rose through the ranks from customer service into sales. In her best year, she racked up so much overtime that she outearned her supervisor, grossing some $42,000 - not far from the middle...
...everyone is so convinced. The current improvement in data "is not big enough to warrant optimism" that a recovery is around the corner, says Eric Fishwick, head of economic research at brokerage CLSA in Hong Kong, who has maintained his 5.5% growth estimate for 2009. Jun Ma, an economist at Deutsche Bank, argues that China will experience a "double-dip" or "W-shaped" recovery. While the economy may show signs of life in the near term, he believes the current upturn will fizzle and the economy won't hit a final bottom until the first half...
Still, there was once a true giant vampire bat and some experts think that creature of the late Pleistocene, the Desmodus draculae, may still be alive today in some remote corner of the world. Nicaragua perhaps? Unlikely, Schutt says, but not impossible. "I'd jump up and down if one were discovered today," Schutt said. The farmers of Nicaragua, however, may not be as happy...