Word: rosee
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...theme-park operator, have fallen more steeply than its roller coasters. It's not that the company's 20 parks across North America are all that bad. The management team has worked hard to give the facilities a makeover and offer more family-friendly options. Attendance and revenues actually rose in 2008, despite the onset of the recession and high gas prices last summer. But the company's crippling $2.4 billion debt load led to a $135 million loss last year. Six Flags was $141 million in the red for the first quarter of '09, and this spring the swine...
...second quarter than a year ago. JPMorgan's earnings were down from a year ago, but it still outperformed Citi in many parts of its business. Investment-banking revenues at Citi, for instance, fell 13% in the second quarter from a year ago; JPMorgan's investment-banking revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations...
When I was taking over Nightly News, some mutual friends had a small dinner, and Cronkite rose to offer some advice. "There will be nights," he said, "when you think you've done a brilliant job on a big story. You'll leave the studio with the echoes of praise from your colleagues ringing in your ears. And once outside in New York, you'll realize there are millions of people in this city alone who didn't watch and who don't give a damn what you just...
...nearly $1.1 trillion. Exuberance over a quick recovery - which was given a boost by China's surprisingly strong 7.9% GDP growth in the second quarter - has buoyed investor sentiment not just for stocks but also for real estate. According to government data, new home prices in 36 Chinese cities rose 6.3% in June from a year earlier. The property sector is showing signs of the frothy enthusiasm that is symptomatic of the onset of a bubble. In the Chinese city of Nanjing last month, 3,000 people snapped up tickets for the right to purchase an apartment...
...largest home developer, jumped 56% on July 29, the day of their debut on the Shanghai stock exchange. In Singapore, property prices are rising despite the city-state's sharp recession. The resale index for Housing and Development Board apartments, a key indicator of local property-market conditions, rose an annualized 5% in the second quarter to an all-time high. In Hong Kong, a city famous for its property booms and busts, prices have rebounded from last year's slump and are on course to retake highs reached in mid-2008, according to analysts for HSBC...