Word: marketeers
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Stocks in the S&P 500 are expected to post impressive earnings gains in 2010, but experts caution that the gains may not be sufficient fuel for a continued stock-market rise...
...analysts estimates is for a 27% earnings rise for S&P 500 stocks in 2010, but even if this is achieved companies will be earning 9% less in 2010 than they did in the peak 2007 period. Steven Wieting, a managing director and U.S. economist at Citigroup Global Markets, says it will likely be 2012 or 2013 before earnings reach the levels attained in 2007. Maybe by then we'll be back to the stock-market highs that occurred...
Travel experts say the decision reflects Carnival's strategy to market itself as a more wholesome, "family fun" cruise line and avoid the image of a floating girls-gone-wild video. Rich Gosse, spokesman for the California-based Singles Travel Company and Society of Single Professionals, which arranged the first International Cougar Cruise, says he understands the pressure Carnival feels to build that customer base in the current economy. "They've got to do what they've got to do to survive," says Gosse, "and we're grateful they gave us the chance to start this." (See TIME's photo...
...slated for May, a weeklong voyage from Los Angeles to the Mexican Riviera on Royal Caribbean. Another is scheduled between Miami and the Bahamas next December on Norwegian Cruise Lines, and a cruise for Australian cougars is planned as well. Women like Navarro note that being able to market cruises for one's particular crowd is a way in this day and age "to show that you're being brought into the mainstream a little more...
...Blankfein even seemed to show some support for a consumer financial-product regulator, saying he thought there should be more attention paid to how financial markets interact with the retail market. But when it comes to more restrictions on the way large Wall Street firms like Goldman do business, Blankfein said there were already too many constraints. He said that since his firm began to be regulated by the Federal Reserve and not the Securities and Exchange Commission - a switch that happened when Goldman became a bank-holding company in late 2008 - the oversight of his firm had increased...