Word: perring
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Dates: during 2000-2009
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Shares of Wells Fargo, which uses a red horse-drawn carriage as its corporate mascot, have risen nearly 200%, to $24 per share, in less than three months. And while the stocks of all banks are up over that period, Wells Fargo's increase is more than double the rise of the KBW Bank Index. As a result, Wells' shares are starting to look pricey - and the bank is still facing tens of billions of dollars more in loan losses in the next two years...
...international markets. Rotten weather in Colombia helped push an index of coffee prices compiled by London's International Coffee Organization (ICO) to its highest level since September on Wednesday, just as futures prices for Arabica beans - which make up the bulk of the world's supply - topped $1.35 per lb. in New York, the highest since October. Recent droughts from Sri Lanka to Kenya, meanwhile, have constrained tea production, forcing up crop prices at auction...
...Fueled by abundant and cheap gas and the availability of rubber-tire production, the U.S. vehicle market grew to a 16 million-unit-per-year business. This year that number will be under 10 million, which will cause nearly every auto company doing business in the U.S. to show red ink. (See the 50 worst cars of all time...
...Anyone who's living off less than 60% of the median household income is defined by the E.U. and the German government as living in poverty. In Germany, that's around $1,066 per month for a single person or $2,240 for a couple with one child. Some of the hardest hit by Germany's increasing poverty levels are children. It's estimated that there are more than 3 million German children living in poverty; in Berlin alone, up to 36% of all children are poor. "The gap between the rich and poor is wider than ever and more...
...North Rhine Westphalia] examined Red Bull Cola in an elaborate chemical process and found traces of cocaine," Bernhard Kuehnle, head of the food safety department at Germany's federal ministry for consumer protection, told the German press on Sunday. According to this analysis, the 0.13 micrograms of cocaine per can of the drink does not pose a serious health threat - you'd have to drink 12,000 L of Red Bull Cola for negative effects to be felt - but it was enough to cause concern. Kuehnle's agency is due to give its final verdict on Wednesday when experts publish...