Word: quarter
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...economy. Detroit was hit especially hard: Ford saw a steep drop in sales, Chrysler was taken over by Italian firm Fiat, and GM briefly entered bankruptcy. One bright spot was Wall Street, where stocks reversed much of 2008's decline. The economy showed encouraging growth in the third quarter, but with jobs still scarce, the impact of the Great Recession lingers...
Such calm amidst the storm has paid off for shareholders. Panera stock is up 26% this year: in fact, it's one of the best performing stocks of the decade, having generated a whopping 1,560.65% return. Profits rose 38% in the third quarter, and sales in company owned stores rose almost 7% during the first 27 days of the third quarter (sales in franchise stores rose 6.3%). "For us, the recession has been the best of times," says Panera founder, chairman and CEO Ron Shaich. In an environment where even McDonald's, once a recession superstar, is reporting negative...
...trapeze, swinging us from age to age. Those that leave nothing to the imagination never sweep us off our feet. So maybe it's good news that toys have turned out not to be recession-proof after all: analysts called last year's holiday sales the worst fourth quarter in decades - and it was the flashy, buzzy gizmos that fell fastest, while the classics held their own. Kids like the dough more than the cookies, the box just as much as what's inside. This is a rare case when the straps around your wallet serve the interests of your...
...tuck trend has been a boon to some medical-supply companies. In the third quarter, Allergan Inc., which sells breast implants, Botox and other wrinkle-fighting products, said higher-than-expected Botox sales helped the company post an 8% earnings increase and exceed Wall Street's expectations. The company, predictably, opposes...
...while both sides say they want to reunite Cyprus as a bicommunal federation, sticking points range from how power sharing would work to property grievances of tens of thousands of people who lost their homes in the conflict. About a quarter of Cyprus' population of around 1 million is internally displaced. Talks on the sensitive issues of property and security have barely inched forward since last year, despite twice-weekly meetings. The problem now is that time is running out for the Turkish Cypriot side. A deal, or at least a concrete roadmap, would have to be agreed by late...