Word: quarterly
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...point where their customer base was so broad it wasn't recession-proof," says Bear Stearns analyst Joseph Buckley. The summer of 2007 was particularly bad because of consumers' growing boredom with Frappuccinos, which make up about 15% of sales, according to UBS analyst David Palmer. Then, in the quarter ending in September, traffic at established U.S. stores fell 1%, the first drop ever. The next quarter, traffic dropped again--down 3%--and comp-store sales fell 1%, the first time Starbucks had ever swung negative...
...former vice president of external investments at HMC revamped Wellesley's investment strategy, helping the school's endowment earn an average annual return of 13.5 percent during her five-year tenure, according to a Harvard press release. Wellesley's investments grew by almost a quarter in 2007 and nearly matched HMC's results...
...immediate market reaction to the deal--and to the three-quarter-point interest-rate cut announced by the Fed two days later--was positive. Stocks rose nearly 4%; credit markets calmed a bit; the global financial system lived to fret another day. And fret it surely will, for the troubles that mauled Bear are far from over...
...revolution is ebbing. Congressman Paul's new campaign finance report shows that he's raised nearly $35 million, including more than any other Republican candidate in the fourth quarter of 2007, and he's inspired remarkable passion among the kind of diehards who hold up campaign signs on highway overpasses and post irate comments on obscure blogs. But the presidency isn't decided on YouTube or Technorati. Paul didn't win any Republican primaries, and he recently conceded that "victory in the conventional sense is not available...
...According to a poll conducted this week for various Florida media, almost a quarter of Florida Democrats say they'll be "less likely to support" the party's nominee if their state's delegates aren't seated at the Democratic National Convention in Denver in August - and by seated they mean counted in the final tally to choose the presidential nominee. Florida has more than 4 million registered Democrats, but even just taking into account the 1.7 million Florida Democrats who voted in the January primary, that's still a potential alienation of some 400,000 votes, on a peninsula...