Word: stockings
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...automaker, sat down with TIME to discuss the auto industry's current crisis, how to make electric cars a reality, and what we'll drive 10 years from now. Though better off than its American counterparts, Nissan recently reported a 39% drop in second-quarter profit, has seen its stock price plummet, and plans to halt production of nearly 300,000 vehicles through March of next year...
...latest victim of the financial crisis: baby boomers' retirement. With plunging stock values and tanking home prices, an increasing number of boomers approaching retirement age are postponing travel plans and staying on the job longer. According to a study in October by AARP, 65% of people over the age of 45 say they will delay retirement if the economic situation doesn't improve significantly. Since that survey was published, stocks have sunk lower and the economy has formally entered into recession...
...Only this time, it's the Securities and Exchange Commission he'll be fending off. Cuban, who co-founded Broadcast.com and sold it to Yahoo! for billions, was charged on Nov. 17 with insider trading, accused of using non-public information to avoid losing $750,000 on a 2004 stock sale. Cuban has denied the charges, saying on his blog, "The government's claims are false and they will be proven...
...access live sports games online. The company went on to broadcast other content - including Bill Clinton's testimony in the Monica Lewinsky affair and a Victoria's Secret fashion show. Cuban and his partner took Broadcast.com public and sold it to Yahoo! in 1999 for $5.7 billion in stock...
...Stock prices, too, began to tumble as talk of bailouts and rescue plans permeated the media. The price of oil began to fall, and speculators had to put up more money for margin, but their other investments were simultaneously declining. Thus, they were forced to close out their long positions and sell oil. As everything spun out of control, everyone wanted out: a full liquidation. Even diversified investors tend to hold long positions in commodities as inflation hedges. Losses in stocks forced these long speculators to liquidate their positions in all commodities...