Word: crash
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Pier 1 Imports The stock of the home accessories retailer is also perilously close to a delisting. Pier 1 was trading at 45 cents on Jan. 27, down 92% over the past 12 months. The real estate crash has been devastating to all home-furnishing retailers, but like Borders, Pier 1 wasn't performing well even before the collapse. "Merchandising was stale, they were relying too much on selling wicker furniture, the price points were probably too high and there was store saturation," says Anthony Chukumba, an equity analyst at FTN Midwest Securities Corp. (See pictures of Americans in their...
...pictures of the stock market crash...
...very 21st century ordeal, one that almost all other companies face amid what is arguably the gravest economic crisis since the Depression. On Monday, Caterpillar joined other U.S. companies in announcing the collective loss of some 75,000 jobs at operations worldwide. (See pictures of the stock market crash...
DIED Bill Powell, 56, a member of the Southern rock band Lynyrd Skynyrd who survived the 1977 plane crash that killed three of his bandmates. He played keyboards on hits such as "Free Bird," "What's Your Name" and "Sweet Home Alabama...
...years. Last November, an Air National Guard F-15 simply disintegrated in mid-air, prompting the Air Force to ground most of the F-15 fleet. When structural problems—not a pilot error or a freak accident—were determined to be the cause of the crash, General John D.W. Corley announced that “the long-term future of the F-15 is in question.” If F-22 production is not resumed, the Eagle is slated to remain in service until 2025; the consequences of such a move could be devastating...