Word: slump
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...bond-market slump pushed the average 30year fixed-rate mortgage to 5.94% last week, up from an all-time low of 5.21% in June. Home buyers need to recalculate how posh a place they can afford. "Are you ready for an increased monthly payment?" asks Anthony Hsieh, CEO of HomeLoanCenter.com...
Oddly enough, Rollins wasn't happy. A Mormon with a deep philosophical streak, he saw Dell's morale suffering. "The company was in a bit of a slump, the stock was down, sales on a plateau, so I began looking at ways to improve the culture to weather the down currents," Rollins says. Two years ago he launched the Soul of Dell initiative, setting out company ethics and ideals as a way of improving morale. "We got wealthy. That was our culture," he says bluntly. "But we didn't want just that." Dell had to be an inspiration...
Here's one way to beat the tech-slump blues: employ a suave secret agent, a teenage wizard and a handful of hobbits. That was the strategy of Larry Probst, CEO of video-games giant Electronic Arts, based in Redwood City, Calif. As each new generation of console hardware makes video games look more like movies, Probst wanted to snap up franchises with repeated success at the multiplex--like James Bond, Harry Potter and The Lord of the Rings--and put them to work in the virtual arena...
...home in Pesaro, on the Adriatic coast, was goaded into action by the powerful German tabloid Bild, which suggested that Stefani had "spaghetti for brains" and challenged Schröder to "Nix Bella Italia." Playing to a German national pride that's taken a pounding during the endless economic slump, Schröder announced that he and his family would be enjoying their holiday ... at home. Grow up, guys. Europe's differences are supposed to be a source of strength. But all it takes is a couple of atavistic turns of phrase to remind everyone that petty prejudices live...
...does this pattern occur? Small companies are more focused domestically, and typically the U.S. is the first to emerge from a global slump. Small stocks also tend to get hit hardest in a recession as investors move to the safety of blue chips, so small stocks have more room to bounce back as the recovery takes hold and investors broaden their holdings. "When you are coming out of a tough economy and off a market bottom, the cyclical recovery in earnings tends to be strongest with small caps," says Jack Laporte, president of the T. Rowe Price New Horizons fund...