Word: solding
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Uncertainty about the economic recovery was also reflected in commodity markets, which sold off broadly on June 15. China is believed to be stockpiling a range of raw materials, notably copper, which has driven prices dramatically higher in recent months. But ubiquitous weakness in global demand is now taking a toll. The Reuters-Jeffries CRB commodity index fell 2.25% during the day. Gold prices dipped slightly, down $11 per ounce, but stocks of precious-metals companies were hammered, declining more than 7% on average...
...million GM cars and trucks were sold...
...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...
HUMMER Acquired 1999 SOLD...
...nice slice of the smart-phone pie. But to do so, Palm will have to compete with Apple's iPhone. Launched two years ago, the iPhone has created nothing less than a new way of doing business. By last January, more than 21 million iPhones had been sold; nearly 50,000 applications are now available for download at its online App Store. Rubinstein, an easygoing guy, smiles when we discuss this and points out that the market is large and expanding; Palm doesn't need to steal any of its competitors' customers to thrive. The smart-phone race...