Word: cowens
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Dates: during 2000-2009
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Laura Champine, equity analyst at Cowen & Co., upgraded Bed Bath & Beyond from "sell" to "hold" after the latest results were announced. But she's not quite ready to predict a recovery. "Bed Bath & Beyond will have to start showing positive same-store sales if we want to call a bottoming-out," she says. At least the company is close. So guys, don't whine on your trip to Bed Bath & Beyond. Snatch that pomegranate-cider candle for $25. The fruity smell is quite delightful. And our economic future may depend...
...country's trade-union umbrella group warning of a "doomsday situation" should the government fail to introduce a recovery plan that gains the support of social partners. According to the most recent opinion polls, only 10% of Irish voters say they have confidence in Prime Minister Brian Cowen's government. "People are very, very angry about these scandals and the skulduggery that was going on in the banks," says Peter Bunting, assistant general secretary of the Irish Council of Trade Unions. "We need everyone to put their shoulder to the wheel. It shouldn't only be the low paid...
...With local and European elections in June looming, Cowen has the dual task of saving his party at the polls and repairing the damage to Ireland's international reputation. Once the shining economic success story of Europe, the country has been routinely described in recent months as the weak link in the euro zone and even suffered the ignominy of being cited as a potential recipient of aid from Germany last week, alongside other struggling E.U. states like Hungary...
...keynote speech to a somber Fianna Fail party conference over the weekend, Cowen told Irish voters to expect higher taxes. "Everyone will need to pay more," he said. But with a public appetite for bank-baiting still strong and further wage cuts and job losses on the horizon, most Irish voters are unconvinced that the burden of recovery will be equally shared. Irish voters may be angry, but they're likely to get a whole lot angrier...
...year ban on new-drug marketing could hurt the bottom line of drug companies. But it wouldn't be devastating. "I don't think it will have a particularly big impact," says Eric Schmidt, equity analyst at Cowen and Co., an investment bank. "The companies have already started scaling back their marketing budgets, and they've tended to direct advertising into more established brands." According to Jon Swallen, a research analyst at TNS Media Intelligence, pharmaceutical companies spent about $4.7 billion in magazine and television advertising in 2008, a 10.7% drop from 2007. And only about...