Word: stockely
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...Conway, a turnaround expert with the firm Conway and McKenzie in Birmingham, Mich., says Ford's $26 billion debt could still prove troublesome, and hefty interest payments will cut into the company's ongoing profitability. But one antidote to heavy debt is a healthy stock price, which Ford increasingly enjoys. The stock is up from about a buck last November to a recent price of $7.30 per share, and in May, Ford was able to raise $1.6 billion through a common-stock offering of 345 million shares. GM, by contrast, is hoping to do an IPO next year. (Read "Despite...
...What They're Hoarding in Europe: Before the European Union's ban on incandescent lightbulbs went into effect on Sept. 1, consumers across Europe raided stores to stockpile the familiar bulbs. Under the new rules, retailers can continue to sell what they have in stock but won't be able to buy or import more. The policy forces shoppers to switch to environmentally friendly compact fluorescent lamps, which use 80% less electricity. But fans of the traditional lights argue that the new bulbs don't glow as warmly--and that they cost more than twice as much...
...percent decline in value, Yale University President Richard C. Levin announced yesterday. In an e-mail to faculty, staff, and alumni, Levin wrote that previous projections of a 25 percent endowment drop had not accounted for the continued slide in private equity and real estate holdings even after stock markets began to rebound this spring. The unexpected additional fall in the endowment will lead to a 6.7 percent decrease in endowment payout this year and another 13 percent in fiscal year 2011. The payout will then remain at this level for the next few years, according to Levin?...
...India's stock market rally seems to have run out of steam, if results of recent initial public stock offerings are any indication. A spate of companies rushing to raise capital in recent weeks has resulted in big names trading below listing prices and some follow-on offerings struggling to find enough investors...
...results follow a strong rebound by the market since May, after a decisive general-election victory by India's Congress Party boosted investors' hopes that the ruling coalition government would have the votes to push through key financial sector reforms and privatization. From May through Sept. 9, the Bombay Stock Exchange's benchmark Sensex index rose 42%, bouncing back from a 52% decline in 2008. As stocks revived, so did India's moribund IPO market. Since May, eight companies have raised about $2.5 billion in initial offerings; there was just one IPO in the first five months of 2009, according...