Word: dropping
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Similar credit concerns have contributed to a 20% drop in sales at Marshall Ford in Mayfield Heights, an affluent Cleveland suburb, says owner Larry Elk. Leased vehicles typically make up half of Marshall's new-car business. As Ford, GM and other manufacturers take steps to cut back on car leases, Elk says he feels the pinch. "People are getting the message that leases aren't happening," he says. "If people don't have to buy a car, they're just holding off to see what happens...
...while, it seemed as if the market lemons were on the rebound. Never mind that aluminum producer Alcoa missed earnings estimates after hours yesterday with a 52% drop in profit. Or that Bank of America was down again, 3.7% at one point, on continued worries over its need to recapitalize. Other financials, which had been battered hard on Tuesday, like J.P. MorganChase & Co. and Citigroup, seemed to be heading up significantly, as was bellwether General Electric, which had seen its shares hit hard the last few months over its exposure to the credit crunch. By day's end, however...
...this took place a day after many of the world's major stock indices had experienced their largest percentage point drop since the October 1987 crash. American investors, it seems, are still worried about what may be on financial companies' balance sheets. The ad-hoc nature of the European response to its banking crisis has also raised concerns. Investors were clearly worried that even if a global financial meltdown is averted, a broad recession may be inevitable. And so, as governments attend to one crisis, the markets discover another to fret about - and the cycle of panic continues...
...became the sole host of ABC's Today show, only after the network agreed to drop the requirement for reporters to read commercials...
...techniques - like selling the carbon sequestered in standing forests as a way to fight climate change - offer the potential for game-changing new sources of revenue for conservation. Altogether, the IUCN assessment estimates that 5% of currently threatened mammals are showing signs of recovery. But that's just a drop in the bucket compared to the number of mammals whose populations are dwindling fast - and nearly 900 species lacked the necessary data to be classified as safe or threatened. "The reality is that the number of threatened mammals could be as high as 36%," noted Jan Schipper, the director...