Word: stockely
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...question now is whether Circuit City will go out of business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on Monday. That's down from a peak of $30 in May 2006, and nearly $8 as recently as December 2007. By late afternoon on Nov. 10, a U.S. bankruptcy judge had granted the company permission to borrow up to $1.1 billion, which it will use to buy new inventory and pay workers. That should tide it over through the holidays. But its long-term outlook remains...
What does that mean? When news hits, the market doesn't parse which firms are most likely to benefit or suffer; all companies within an industry are either rewarded or punished. "A stock's fundamentals just aren't as important as things like currency appreciation and global growth expectations right now," says Savita Subramanian, the author of the report...
...went to the review website Yelp.com to read other people’s responses, and found lots of complaints about slow service and inattentive waitstaff. Perhaps the management felt guilty for stiffing us on the table, but our service was fine, and the food that they did have in stock soon arrived. The dumplings: mushy dough and underseasoned filling with a tasty soy sauce. The summer rolls: crunchy and flavorless, with a tasty peanut sauce. The shabu-shabu: decent, I thought, although our companion table had ordered a special broth that they deemed disgusting. The yum yum: somehow both spicy...
...Despite the stock market's euphoric reaction and the positive reviews by analysts, economists warned that the effects of the measures will take time to work through the system, with the largest impact not likely to be felt until 2010. "I think that we'll see a couple of weak quarters in 2009," Simpfendorfer says. While the size of the package was welcome, "it's the speed of its implementation that is really important," he says. "My concern is that the contraction in demand will take place before the fiscal policies have time to take effect." To an economy heavily...
...huge economic stimulus package on Sunday, pledging to spend some 4 trillion renminbi - about $586 billion - on a wide range of moves designed to boost an economy starting to feel the effects of the worldwide financial crisis. The move was widely welcomed by economists and investors. The Hong Kong Stock Exchange's main index gained 3.5% on the following day, while the Shanghai Composite Index soared...