Word: drops
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Dates: during 2000-2009
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...first things that accompany news of dangerous flu viruses is an economic evaluation of the effects of a pandemic. In a recent article, Reuters pointed out in 2008 that the IMF said a flu pandemic could cost $3 trillion and cause a 5% drop in global GDP. In other words, it would almost certainly turn the current deep recession into a worldwide depression. (See pictures of the global financial crisis...
...Ford (F) had 113 million share sold short as of April, an extraordinary drop of 53% since two weeks before that. The stock was up 47% to $4.04 over that period which wiped out a number of short positions. Since then, the shares have moved even higher on earnings and analyst upgrades and change hands at more than $5. Ford trades a tremendous 121 million shares a day. Any news about the potential bankruptcy of GM (GM) or Chrysler moves Ford's stock due to concerns, among others, that a liquidation of either of those firms could bring down parts...
...There were almost 167 million shares sold short in Sirius as of April 15, down 8% from two weeks earlier, but it would take six days of trading at average volume to cover that short interest so there is still a lot of money wagering that the stock will drop...
...year. Microsoft had a short interest of 88.4 million shares as of April 15 down 10%. The company has almost 9 billion shares outstanding and trades 68.7 billion shares a day. Microsoft (MSFT) traded at almost $21 in early January but fell to $14.87 in early March, a remarkable drop for a company with a market cap of $185 billion...
Instead, Wynn announced that everyone at his company's two Las Vegas properties, Wynn and Encore, would take a pay cut. Salaried workers earning $150,000 or more would see a 15% drop in their paychecks; those making less would take a 10% hit. Hourly employees would go from a 40-hour to a 32-hour week. The idea: save millions of dollars without putting anyone out of a job while maintaining the service level at the luxury hotels. "We don't want anybody on unemployment here," Wynn said at the time, "or without insurance." (See 10 things...