Word: dow
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...Dow Jones reports that the overall take on the Las Vegas Strip was down 23% to $474 million in December. (Read "25 People to Blame for the Financial Crisis...
...largest American companies that reached a crisis in the last month is Dow Chemical. It lost a deal with Kuwait that would have given it about $7 billion. It also bid to buy Rohm & Hass (ROH). Now that the money from Kuwait is gone and the worldwide chemical industry is in a deep recession, Dow is backing away from the acquisition of Rohm & Hass. Based on all public information, it has no right to do so. When did that Dow board know that the Kuwait deal was in trouble? Did it decide to rely on the money which was coming...
Where do you think the Dow will be at the end of 2009? It wouldn't surprise me to see it up 5% or 10%. It kind of depends on the steps the government takes. We've got to keep the financial system liquid. It's gotten into people's heads just how serious this is, so I think they'll do what they need...
...fact, the company's sales have increased for 55 straight months. Profits grew 11%, to $1.2 billion, in the third quarter of 2008 (the company will report its fourth-quarter results on Jan. 26). McDonald's and Walmart were the only two companies in the Dow Jones industrial average whose share prices rose during 2008. Merrill Lynch, which rates McDonald's a "buy," said in a research report that the stock is "in a world...
...stocks headed back to the lows of mid-November, when the Dow sank to 7552? A further decline of 5% or so from Thursday's lows would put the market back near the November bottom. For stock-market technicians, a so-called double bottom, or return to prior lows, can be a healthy sign of base-building, which can set the stage for a sustained advance. But there are special risks related to any such swoon this time around: Bank stocks are among the market's weakest, and a further drop in their shares could place these institutions in jeopardy...