Word: stockings
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...technology company will be able to grapple with the tough economic climate. Ross Sandler, senior internet analyst at RBC Capital Markets, expects Google's revenue to be up 33.5% over the same time last year with a 3% growth rate from second to third quarter, even though its stock price recently sank to the lowest it has been in two years. "Google is down 25% in the last month or so, but ... there is nothing wrong with Google structurally," says Sandler. "Every company exposed to advertising is having problems because budgets in general are contracting and no one is immune...
Troubles for hedge funds started earlier this year when the stock market began to fall on fears of losses in mortgage-related bonds...
...immediate euphoria that boosted world stock markets following the announcement of government plans to prevent broad financial collapse has now given way to longer-term worries that the world is entering a recession. After starting the week with two days of remarkable gains, markets in Asia and Europe Wednesday registered moderate losses similar to those of Wall Street, which dipped 0.82% on Tuesday. Like everyone else, traders are waiting for clearer signs of what the future holds...
Three weeks after the stock market crash in 1929, Lawrence J. Fava jumped into the Schuylkill River in Philadelphia. He was a middle-aged real estate dealer, and he was "frantic" about the losses he had suffered, according to his suicide note. He left the note on the Girard Avenue Bridge and then leapt into the dark, frigid water, according to a small item published that month in the New York Times. But Fava survived the fall, and he regretted his decision at once...
Need to start a war? No problem. While stock markets gyrate and financial institutions (and even whole countries, like Iceland) teeter on bankruptcy, one global industry is still drawing plenty of high-end trades and profits: weapons...