Word: retailing
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Dates: during 2000-2009
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Sources: AP, American Express Retail Index, the New York Times, the Wall Street Journal
...They've been sweating at AT&T for a while. Since hitting $60 a share in April, the nation's largest long-distance and cable television provider has been a widows-and-orphans stock, but in the wrong way: It's killing investors. Falling prices in the retail long-distance game has pushed the shares as low as $21 since, and on Monday, with the stock at $27, AT&T's board met to consider a capitulation plan. Split the company in four, with a stock for each division, and let investors reward or shun each on its own merits...
...Theoretically, investors will like most of their choices. Essentially, the plan (dubbed "Project Grand Slam") would be a financial quarantining of its ailing long-distance operation, which would get its own tracking stock and operate as a separate retail arm, according to reports. AT&T's wireless unit and cable television operation would each be spun off as an independent company over the next 12 to 24 months. The company's biggest and most profitable unit, the corporate-minded Business Services department, would become the new AT&T, and coordinate brand-licensing and commercial agreements with the other three...
...plan for a publicly traded venture-capital fund last year, he learned how radical an idea it was. As he made the rounds of the venture capitalists on Sand Hill Road in Menlo Park, Calif., he found they didn't want to open their cozy world to hordes of retail investors. VCs were doing fine logging triple-digit gains by making early bets on dotcoms before they went public and swimming in cash raised from the likes of pension funds and the wealthiest individual investors...
...commission, in a 249-page report it calls "groundbreaking," concludes, "'Going postal' is a myth: postal workers are no more likely to physically assault, sexually harass or verbally abuse their coworkers than employees in the national work force..." and says retail workers are more in jeopardy...