Word: stockings
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...Read "London's Small-Stock-Market Blues...
...long filled their boards with nonfinancial executives, be they industrial chiefs, heads of nonprofits or professors. That's been changing in recent years, especially with the passage of Sarbanes-Oxley, which sought to strengthen corporate boards. But apparently the changes have not gone far enough. (See pictures of the stock market crash...
...reflection of the collapse in trade until the early part of this year," says P.K. Basu, Asia economist for the Daiwa Institute of Research. Mirroring that drop is the Baltic Dry Index, which tracks the average cost of shipping a container of goods. It has plummeted more than any stock market, from a peak of 11,000 in mid-2008 to roughly 2,600 today...
...financials may have a couple more months of relative strength as portfolios readjust, but when might banks and brokers reemerge as stock-market leaders? Before financials can emerge in a leadership position we will need to see some semblance of very stern regulation in the financial field, which will signal to investors that financial companies are clean - at that point they may even be overregulated. Also, between 2001 and 2007 financials added a bunch of capacity, and that needs to recede, through consolidation or simply going out of business. That's still a few years...
...result of the unfavorable trends, Starbucks has posted poor earnings, watched it stock price slide, and closed stores and cut workers. (See pictures of coffee in Italy...