Word: buying
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...need to buy back $1 billion single names and $2 billion of the stuff below—today." Daniel L. Sparks, the former head of the firm’s mortgage division, wrote to a group of traders in reference to deals—including the one with Harvard—that would lock in profits from shorting the housing market. "I know that sounds huge, but you can do it—spend bid/offer, pay through the market, whatever to get it done...
There was a time not too long ago when you could walk down the street without seeing white, brightly colored or bedazzled earbuds jammed into everyone's ears. Just as the iPod has revolutionized the way we buy music, the small, disk-shaped earbuds that come bundled with it have changed the way we listen to music. But not in a good way. Aside from being uncomfortable and prone to falling out, earbuds sit outside the ear canal and leave room for lots of ambient noise to seep in, leading many of us to turn up the volume dangerously high...
...other companies were scaling back in the past two years, HP was on the hunt for bargains. Hurd found his first in August 2008, when HP spent $13.9 billion to buy the languishing infotech-consulting giant Electronic Data Systems (EDS), a direct play against high-end-services leader IBM. Then last November, HP announced it would pay $2.7 billion for networking concern 3Com, a means to rile Cisco as well as expand HP's footprint in the rapidly growing China market, where 3Com is strong. About 70% of HP's business is overseas...
Putting another dent in Toyota's already banged-up reputation, Consumer Reports magazine issued a rare "Don't buy" warning for the company's Lexus GX 460 SUV because of high rollover risk. Toyota responded on April 13 by ordering its dealers to immediately stop selling the model. Plans to launch the SUV in the next few weeks in China were also put on hold. While only about 5,000 of the luxury vehicles had been sold since its November debut, executives decided to err on the side of caution following the revelation that Toyota had withheld information about...
...idea of reducing waste, giving people access to clothes who might not otherwise buy a designer dress, offering dresses that are otherwise way out of league—I think it’s an awesome one,” she said...