Word: hammerings
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...difficult to find a company of Apple's caliber whose fortunes are so closely tied to the health of its CEO. Apple is Jobs and Jobs is Apple. Unless he makes a public appearance, it's likely that the news will continue to hammer Apple's stock, which took a beating Monday after analysts downgraded it. (It dropped more than 2.5% within a few hours of the announcement.) A report by the NPD Group, which tracks retail sales, showed that Apple store sales declined 1% in November compared with a year ago, even at a time when PC sales increased...
Although the panel did not hammer out specific policy details, New Jersey Congressman Rush Holt (who is also a plasma physicist) says Democrats are keen to push ahead on earlier proposals to improve teacher training in math, science and engineering, and to expand broadband Internet access nationwide...
...month and Chrysler not far behind, the pressure is now firmly on the Bush Administration to find a way to provide $14 billion in short-term loans to keep the companies on life support until a new Congress and the incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize the teetering banking system, but now it may have no choice. (See TIME...
...cheeky nod to Mormons' support of the ballot initiative, is listed in the title credits as "Prop 8 Leader's #1 Wife"). Despite the collection of comedic chops on stage, the spoof isn't trying to be funny. Well, OK, it is - but the larger point it intends to hammer home is that not all Biblical doctrine is eminently reasonable (avid West Wing watchers will recall one or two of these lines from a famous Jed Bartlet smackdown). And though the video isn't a full barrel of laughs, it's packed with its share of wit, with both Black...
...some bright spots. The Internet should outdo the sidewalk: online retail sales this holiday season are expected to grow 12% over last year, to $44 billion, predicts Forrester Research. And discount chains like TJ Maxx, Wal-Mart, Costco and BJ's Wholesale Club should see strong sales as they hammer away at prices. BJ's third-quarter merchandise comparable sales were up 7% vs. 2007's. "Our position is serving us well in this economic environment," says Laura Sen, BJ's president...