Word: drops
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Dates: during 2000-2009
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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...
...part of an initiative aimed to provide students with more outlets to mental health services, the mental health division of University Health Services has launched a pilot program Monday evening in four of the upperclassman houses. The program features drop-in hours with a Mental Health Services staff member, during which students can confidentially and informally talk about their mental health concerns and questions. From depression to homesickness to financial woes, no issues are off-limits according to MHS Director Paul K. Barreira. He led the initiative after finding that similar programs had been successful at Columbia University and Cornell...
...plane to Florida" and lobby their grandparents there to vote Obama because "no one is more influential over them" than their grandkids - part of an organized grassroots initiative known as The Great Schlep. But airfares being what they are today, the Obama campaign might advise them to just drop them a text message...
...Canadian and Swedish banks. But the announcement arrived after Asian markets had closed, too late to put the brakes on a near free fall in Asian stocks that began on Monday. In Japan, the world's second-largest economy, the benchmark Nikkei index plummeted 9.4%, its biggest one-day drop since the global stock market crash of October 1987. Hong Kong's benchmark Hang Seng index fell 8.2%, while Seoul's Kospi dropped 5.8%. Indonesia shut down its stock market after shares plunged more than 10%. It is unclear when trading will resume. "We need to watch further before...