Word: stockings
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...head of Chase's retail-financial-services division showed that the company's servicing portfolio went from having about 52,000 repossessed homes in September 2008 to some 30,000 in September 2009. Over that period, the average price at which the firm sold houses from that stock dropped from $175,000 to $150,000. (See how to plan for retirement...
What do you make of the stock market's rise and the dollar's fall? I'm optimistic on the market. I think the economy has caught a huge break with low interest rates, which are really going to make a difference. While the weaker dollar is obviously a concern, it's helping exports to remain strong. At the end of the day, though, it's low interest rates that matter more to the stock market.(See the top 10 scared stock traders...
...this rally just reflecting the government's huge stimulus? The recovery in the stock market is really a function of the fact that corporate profits continue to be pretty strong, and that's because there is low wage pressure and, overall, companies have done a pretty good job of running efficiently...
Fewer Harvard Business School students are entering careers in finance, a sign that global stock markets may be leveling off, according to the latest report of an HBS alumnus who correlates MBA career choices with long-term market performance...
...been dueling with the magazine's publishers, the Stock Exchange Executive Council, over the distribution of revenue. She had been at loggerheads with the owners, who have recently been accused of taking a more conservative approach to the news and trying to rein in some of the magazine's more aggressive reporting. While the 11-year-old magazine had been a cash cow for the media group, it had received a smaller share of the revenues, according to current and former staffers. "The parent company milks it for a huge chunk of their revenue," says a former staffer...