Word: prices
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...needs a boost. Its stock price tanked in September, along with the economy. We won't know whether the Storm will shore up the company's earnings until the device goes on sale. One mystery remains: the device's price, which is about the only detail that RIM and Verizon have yet to reveal. Let the rumors swirl...
...American consumers, Groening decided that any new debt right now is just too risky. So on Friday he walked across the street to Ganley's used-car dealership. There he found a 2007 Impala with 13,000 miles that cost $5,000 less than new one. At that price, he could pay cash. "Now's a good time to buy, but it's a bad time to borrow," Groening, 75, said on Tuesday as the continuing credit crisis dominated the news...
...credit crunch is also crunching funding for new clean-energy projects. When the global economy was surging over the past several years, fossil fuel prices were surging as well; the cost of oil exceeded $150 a barrel at one point this year. The economic slowdown has shrunk those prices just as quickly, with oil now dipping below $95 a barrel. That makes renewable energy projects like wind and solar, which have to compete with fossil fuels on straight cost until a carbon price is passed, less attractive. Michael Liebreich, the chairman of the research group New Energy Finance, argued...
...Price of Greed" is great reporting [Sept. 29]. Andy Serwer and Allan Sloan compressed a staggering amount of information into five pages and still made this trajectory of avarice remarkably clear. Now that I think I understand it, I wish I didn't feel so angry. Edward Claymore, LAGUNA WOODS, CALIF...
...alarm is certainly true. The global economic slowdown on the tail of the financial-market blowout is already clear and present on the mainland. In what has been one of the world's prime economic engines for the past five years, growth is slowing fast. Look only at the price of steel - as useful an industrial proxy for China's economic boom as any. According to Mysteel, a Shanghai-based consulting firm, the price for products used primarily in construction have fallen to less than $590 per ton, down almost 20% in just four months, forcing some companies into...