Word: markets
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Dates: during 2000-2009
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...Almost a century after the crime, none of the six alleged copies has turned up. Did de Valfierno even exist, or was he a fiction created by Decker in his declining years to sell a magazine story? Who knows, but all these years later, authors with a book to market still play footsie with Decker's wholly unsubstantiated story. The Hooblers retell the Decker tale in their last chapter, then lamely attach a disclaimer: "There is no external confirmation for it. Yet it has frequently been assumed to be true by authors writing about the case." But naturally when their...
...lets them get in and out of GE shares with ease. And, GE's stock is volatile for a mega-cap company. Since the beginning of the year, the share of the conglomerate have been as high as $17 and as low as $5.87. For a firm with a market value of $128 billion, trading in that big a range is extraordinary...
...wild swings, in part because the short sellers in the company's shares have been "squeezed" more than once this year - forced to cover when the banks had good news. That covering magnified the rebound in Citi's share price. Citi is a "rumor a day" stock. Recently, the market has speculated about the fate of the bank's CEO, Vikram Pandit, whether the firm will have to raise money because of government stress tests, and whether the bank can maintain the earnings it posted for the first quarter. So far this year, the stock has traded in a range...
...Pfizer (PFE) may be the best proxy for the fortunes of large U.S. pharmaceutical companies. It has a market cap of more than $88 billion and annual revenue of almost $50 billion, making it the largest drug company in the world. It is in the midst of buying rival Wyeth for $68 billion and is cutting staff and costs rapidly as some of its most profitable drugs lose their patent protections, a problem across the entire industry. Pfizer has a short interest of almost 174 million shares. and average daily trading volume of 54 million shares. Pfizer traded at over...
...April 8, the U.S. steel industry filed an antidumping suit with American authorities against Beijing, alleging that $2.7 billion of pipe steel was unfairly dumped onto the American market last year. Eurofer General Director Gordon Moffat calls it a "perfect storm" for a trade war. "Demand has fallen off a cliff since October," Moffat says. "We know China is simply waiting for demand to return before flooding the markets...