Word: stockings
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...speculation in the markets about who else the Chinese company might target for an acquisition. As he licked his wounds in Beijing, one thing should certainly have bucked up Fu. Once the speculation that CNOOC might pull out of the bidding rolled around international markets, the company's stock started to rise sharply. By August 5, CNOOC's U.S.-traded shares were at $69, compared to $55 in mid-June. From the start, Fu had always insisted that the Unocal bid had been about increasing "shareholder value." Here's the irony: not buying the U.S. firm might turn...
...Though Schrempp is on his way out, DaimlerChrysler's numbers are looking up. The group's net profits were up 28% to 3737 million last quarter, while sales grew 4% to 338.4 billion - a result that exceeded forecasts. Investors reacted positively. By the close of trading at the Frankfurt stock exchange Friday, the group's shares had shot up more than 9% to the highest level since 2002. Seems everybody likes the smell of a new car president...
Gore estimates he spends about three-quarters of his workweek on Current TV and most of the rest of his time on Generation Investment, where he helps the firm's stock pickers identify long-term issues that could drive the markets. He also serves as an adviser to Google--he "has helped us understand the geopolitical role we play, the importance of building community," says CEO Eric Schmidt--and sits on the board of Apple Computer. At Apple's last quarterly meeting, the former Vice President led a discussion on stock-option "burn rates" and other esoterica of employee compensation...
...AMAZON'S STOCK PRICE HAS FALLEN 17% OVER THE PAST 12 MONTHS. WILL THERE BE BOOM TIMES AGAIN? We went public at a split-adjusted price of $1.50 a share, and it's gone to $38 a share in eight years, which is unusual performance by any measure. We focus on things that matter to customers, not the stock price, which takes care of itself. The business results generated by the company? This is by far our best year ever...
...STOCK PRICES OF EBAY, YAHOO! AND AMAZON HAVE ALL BEEN OFF THIS YEAR, WHILE GOOGLE'S STOCK HAS SHOT THROUGH THE ROOF. YOUR THOUGHTS? This is a big world, and there are going to be lots of winners. Others don't have to lose for us to win. We stay heads down, focused on what we know will help us build a lasting company that improves customers' lives. Wall Street doesn't like us lowering prices, and we don't care...