Word: firm
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...extra workers for the holidays. Shops selling necessities may weather the Christmas storm best. "The stores that will do well are the ones selling what you have to have to survive and selling it cheaply," says Howard Davidowitz, chairman of Davidowitz & Associates, a national retail consulting and investment-banking firm. Says Barrow, the Burbank TV writer: "Every financial decision I make, I now ask myself, Do I really need this...
...capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted 25% on rumors, which the company denied, that Mitsubishi-UFJ may not take an expected 20% stake in the embattled firm. J.P. Morgan was down about 9.5% while Citigroup fell more than...
...Obama's task is easier: He must maintain the almost preternatural calm he regularly exhibits on the trail, respond to McCain's anger with feigned (or perhaps real) disappointment and offer firm answers that address voters' fundamental hopes and needs. Obama supporters probably do not need to worry much; since winning the nomination in June, the Democratic candidate has rarely strayed from his unflappable, steady style...
...banks are trying to pump liquidity into financial markets to avert a credit crunch. India on Monday cut the amount of cash that banks must deposit with the central bank in an attempt to loosen credit. "Credit markets are quite global," says Kirby Daley, senior strategist at financial services firm Newedge Group in Hong Kong. "It is inescapable, if the credit crisis continues to worsen, that Asia must be affected...
...harbor, most of the luxury yachts have left for safer moorings, while across the channel the massive floating oil rigs ready to be towed to sea have stood firm. But a large shrimp boat, 50 feet long or more, sits on its side in the parking lot in front of Willie G's Seafood and Steakhouse, wedged between a crushed parking lot tollbooth and the tramline rails, its anchor hanging like a noose over the roof of the tram stop...