Word: lynching
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Shareholders might wonder if they are anything more than an afterthought. News' stock has been rising--but not fast enough for a company projected to grow earnings at twice the industry pace, says Merrill Lynch analyst Jessica Reif Cohen. She calls the stock grossly undervalued. News recently left Australia to incorporate in the U.S., where it will be added to the prestigious S&P 500 stock index next month. That's giving it a boost. But Murdoch's plan for his two thirtysomething sons to succeed him remains a drag on the stock. Adding weight to the anchor: since Malone...
...panels, may be best placed to weather any downturn because of their large market shares, strong technology and deep pockets. Analysts are most worried about smaller Taiwanese companies. Under current market conditions, "manufacturers have very little to gain," says Hitoshi Kuriyama, a consumer-electronics analyst at Merrill Lynch in Japan. "The winner is the consumer...
...drew attention to irregularities in Parmalat's financial dealings. And it says auditors are often shifted from accounts for any number of reasons, although it's not known who was responsible for Olivetti's move. In December 2002, a full year before the company collapsed, Joanna Speed, Merrill Lynch's food industry analyst in London, became the first big bank analyst to issue a "sell" recommendation on Parmalat stock; she found the accounts incomprehensible. Despite such misgivings, however, business continued as usual. Six months before the collapse, Kenneth Lewis, the chief executive of Bank of America, flew to Parma...
...four goals Harvard scored in the third quarter—two back-to-back from Offsay on passes from Lynch and Gerrity—proved to be crucial to its success, especially since the team was shut out for the final period of the game...
...final moments of the game, a Salem player drew an ejection, giving the Tigers the opportunity to tie up the game and send it into overtime. But on Salem’s final drive, Offsay and Lynch blocked the final shot fired at the goal, sending Harvard to the second round...