Word: felling
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...sales are not growing any more. As a matter of fact, they are shrinking and the drop is accelerating. Hewlett-Packard (HPQ), the largest manufacturer of PCs in the world said that its revenue from notebook PC sales dropped 13% in the last quarter and desktop revenue fell 25%. It is likely that results from Dell (DELL) will not be any better when it posts its quarter. Wall St analysts are starting to say that their surveys of retail outlets even show Apple Mac sales slowing...
Financial stocks were a big drag on Thursday's market - banks fell 6.6%, led by Bank of America's 14% decline. Real estate-related sectors were also sharp decliners, with home construction stocks falling 9%. Both sectors, finance and housing, are at the heart of the goverment's efforts to address the financial crisis. On February 10 Treasury Secretary Timothy Geithner unveiled a multi-pronged plan for troubled banks, and on Wednesday President Barack Obama announced a $275 billion program to stem foreclosures and support the housing market. Today's stock market action suggests investors are still in doubt about...
...been a grueling few weeks for American companies, but particularly so for Harley-Davidson, purveyor of bikes that easily top $30,000. Last month, the company reported that its fourth-quarter global sales fell 13.1%. Last year, its profits sank nearly 30%. And it's been a wipeout for investors: Harley-Davidson's stock price has plunged nearly 70%, to $11.96 a share in mid-February, from $37.34 a share one year ago. Americans haven't lost reverence for Harley-Davidson, but a key problem is that people are simply less willing to spend money on luxury items. Overall motorbike...
...latest chapter of one of the East’s biggest rivalries, the Harvard women’s hockey team once again came up short. After rallying back from a 2-0 deficit, the No. 9 Crimson (15-9-3, 14-4-2 ECAC) fell to No. 5 New Hampshire (20-5-5, 13-2-4-1 Hockey East), 3-2, in overtime last night at Bright Hockey Center. Despite outplaying the Wildcats through the last 25 minutes of play, Harvard gave UNH an opening when sophomore Liza Ryabkina drew a holding penalty with 1:21 left in extra time.The...
...Woolf’s “Flush, a Biography.” Although students might reasonably assume that their pets would want to attend lecture, the dogs on campus may not all agree. “We have one active service dog attending and he fell asleep during class, so I think it’s pretty boring for dogs,” Jansen said. Many students, however, seem to be excited about the opportunity to teach their canine friends a thing or two. “I’ve always had dogs running around at home...