Word: stockely
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Chrysler, however, appears to have had insufficient inventory in stock at dealers to take advantage of the surge in new-car shoppers, says Jessica Caldwell, an analyst for Edmunds.com. "Chrysler's lack of small cars also hurt," she adds, nodding to the Clunker-program buyers' strong preference for fuel-efficient vehicles. Even struggling General Motors Corp., which also closed its factories after filing for bankruptcy and saw total sales drop year over year, reported a sales increase of 30% in August, when measured against the previous month. Overall, Chrysler sales were up a meager 5% compared with July and dropped...
...help from Fiat materializes, says Rebecca Lindland, an analyst with IHS Global Insight. Ron Bloom, President Obama's point man on the automotive task force, acknowledged as much in a recent interview when he said that Chrysler, unlike GM, would not be ready for an initial public offering of stock next year...
...suddenly departing politicians and CEOs, the standard line is to "spend time with family." Now the Catholic Church may have its own version of this unconvincing, stock answer. On Aug. 31, Joseph Martino, the controversial bishop from Scranton, Pa., stunned longtime church watchers by announcing that he was resigning his post because of problems with insomnia and fatigue...
...slump in the stock market really a reflection of rot in the wider economy? Not necessarily. Unlike the NYSE or the Hong Kong Stock Exchange, where institutional investors react as much to fundamentals as to greed and fear, the Shanghai and Shenzhen exchanges are dominated by retail investors driven to frenzy by speculation and sentiment...
...definitely in the minority. Discounting the stock market's fall, Goldman Sachs has just boosted its growth forecast for China to 9.4% this year from 8.3% previously, and to 11.9% in 2010, from 10.9%. Bank of America Merrill Lynch is sticking to its forecast of 8.7% growth...