Word: stockely
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Earlier this spring, a London fringe theater put on a sellout production of Saturday Night, about young Brooklynites gambling on the 1929 stock market, which Sondheim penned when he was 24 and saw performed on stage first in 1997. "I take it as an encouraging sign that the shows are worth looking at a second time," Sondheim says. "Most musicals, you look at them a second time, they're not as good as they were the first time." His own endure, he believes, because "I write with better librettists. They're better playwrights than the librettists of most musicals...
...which the government would forgive about $10 billion of the carmaker's $15.4 billion federal debt in return for a 50% stake in the company. The United Auto Workers union urged the government to reject the proposed plan, which also includes a 100-to-1 reverse stock split, because it would call on GM to outsource more of its manufacturing to foreign countries...
Here's the not-so-bad news: We are nearing a bottom. Housing prices are falling, but not as rapidly. Consumer confidence is up. Banks are earning money. The stock market in April had its best month in nine years. Even Nouriel Roubini, the New York University professor known for his dire economic predictions, thinks we are on the mend. Sort...
...toward 12%. So don't trade in your emergency fund for a boat. But when it comes to your investing life, it's time to get back into the water. "People think that things need to go from terrible to terrific before they can invest," says Fidelity's legendary stock picker Peter Lynch. "But things only have to get to somewhat crummy for stocks...
After slashing two-thirds of its publicly traded stock holdings in the fourth quarter of last year, Harvard has substantially reshuffled its equity investments and expanded its emerging and foreign markets portfolio, according to a Securities and Exchange Commission disclosure report released last week.Though the disclosed assets represent only a small fraction of the University’s total holdings, the report provides a glimpse of how Harvard Management Company—the group that oversees the University’s multi-billion dollar endowment—is navigating this year’s tumultuous and markedly changed financial landscape...