Word: selling
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...March market lows, Wall Street strategists had been expecting a market pullback, or consolidation, as part of an orderly advance. But investors are also increasingly anxious that stocks have risen too far and too fast relative to prospective earnings. Even after the decline on June 16, stocks still sell at more than 20 times their expected earnings for 2009 - far from cheap. (See pictures of scared traders...
...Wang says. "There is innovation in the product as well." Acer is entering the cell-phone business, and Wang makes no excuses for churning out low-margin netbooks, considered inferior devices by computerati because of their cramped keyboards and limited performance. "Our competitors consider these junk - the more you sell, the more you lose," Wang says. "We don't judge. We do what the customer really wants...
...Number of brands GM is trying to unload. It recently agreed to sell Hummer to a Chinese firm. It has potential buyers for Saturn and Saab, but Pontiac could be junked. GM's newly consolidated European arm, Opel, is being sold to Magna/Sber bank/GAZ, a Russo-Canadian partnership...
...compels tobacco companies to eliminate potentially misleading labels like "light" and "mild," regulate a product's ingredients and increase the size of the warning labels on cigarette packs. The tobacco industry is no stranger to regulation, however. Over the past half-century, cigarette manufacturers have found ways to successfully sell their product despite increasing advertising restrictions and will no doubt try to continue to do so in the face of this new legislation. (A hazier kind of smoke: see pictures of Cannabis culture...
...companies began including small cigarette cards in every box as premiums. These collectible trading cards depicted movie stars, famous athletes and even Native American chiefs. While they were eventually discontinued to save paper during World War II, some of the rarer cards, like former Pittsburgh Pirate Honus Wagner, still sell for more than $2 million today...