Word: roberte
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Things got even worse this week. Chrysler, citing the lack of financing for car sales, announced that it was chopping 25% of its white collar work force, about 5,000 people, and a like number of contract workers. "These are truly unimaginable times for our industry," said CEO Robert Nardelli in the statement. "We continue to be in the most difficult economic period most of us can remember." GM boss Rick Wagoner told employees in an Email that the company has to make more cuts and urged anyone on the retirement fence to get off it and go, since buyout...
Last year, when finance professor Robert Schwartz decided to put together a conference on volatility in the markets, nobody knew just how timely it would be. In the past few weeks, triple-digit swings in the Dow Industrials have become a matter of course, as seasick investors watch stocks bound up and down, pounded by the day's news, and often, it seems, for no discernable reason at all. In the first few minutes of trading on Friday, stock indexes dropped 5% as the double whammy of deleveraging and a worldwide economic slowdown continued to buffet company shares...
...academics in the room tried to provide some historical perspective. Robert Engle, a finance professor at New York University, put up a chart showing how volatility has played out over the past 80 years. Two bulges were large enough to rival the amount of volatility we're seeing today, representing the stock market crashes of 1929 and 1987. The difference between the two: while the market quickly calmed down after 1987, it took years to regain a sense of normalcy after 1929. "We don't know if this is a '29 or '87 type of spike," Engle said...
...drive trading particularly wild in the opening and closing minutes of most sessions, algorithm-based traders are rewriting programs to squeeze their moves into increasingly narrow bands of time. "It may be good, it may be bad, but I don't thank any of us can stop it," said Robert Almgren, co-founder of Quantitative Brokers...
...Songs for a New World,” opening today at the Loeb Experimental Theatre, and “Mnemonic,” opening today at the New College Theatre. “Songs for a New World,” written by the exciting contemporary musical writer Jason Robert Brown, is composed of a series of short scenes with a combination of musical styles. “Mnemonic” melds together two plotlines to explore the concepts of memory and origin. Both shows are directed and performed by Harvard undergraduates, offering interesting companions...