Word: stockely
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...remains one of the nation's strongest brands with millions of loyal customers who love our stores," says company spokeswoman Anne Roman. "Our new leadership recognizes our challenges, admits that we have made mistakes, and is focused on getting our financial house in order as an immediate priority." Borders stock has flirted with a New York Stock Exchange delisting; it closed at 52 cents per share on Jan. 27, a 95% drop over last year. "They're in survival mode," says Davidowitz. But how can the company stay afloat when the economy has turned against the whole industry (even Barnes...
Pier 1 Imports The stock of the home accessories retailer is also perilously close to a delisting. Pier 1 was trading at 45 cents on Jan. 27, down 92% over the past 12 months. The real estate crash has been devastating to all home-furnishing retailers, but like Borders, Pier 1 wasn't performing well even before the collapse. "Merchandising was stale, they were relying too much on selling wicker furniture, the price points were probably too high and there was store saturation," says Anthony Chukumba, an equity analyst at FTN Midwest Securities Corp. (See pictures of Americans in their...
UPMIFA was originally drafted following the collapse of the “dot-com bubble” in the early 2000s, Kerr said. Newly wealthy individuals transferred funds to foundations, only to see the value of these gifts plummet with the stock market—thereby rendering them unusable. The current economic crisis is in some ways a “repeat of the doc-com bust, but more widely spread,” Kerr said...
...There are an awful lot of community organizations, non-profits, endowments, that very much want to keep going at their mission, even though stock market reversals in the past year may have left funds near or under historic dollar value,” Kerr said. “This is one of the pressures out there to see UPMIFA widely adopted...
...addition, Gaza's housing stock took a hammering in the hostilities. Initial estimates of the Public Works Ministry point to more than 2,100 houses destroyed and another 45,000 left in need of major repairs. A key sewage plant, whose construction with international funding had the backing of former British Prime Minister Tony Blair, was also hit, causing nearly $200 million in damages. Maintenance experts say a crumbling wall around a sewage lake is now in danger of spilling tons of fetid waste into the streets and alleys of northern Gaza...