Word: sectored
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...conferences, it seemed the defense attorneys were resigned to the idea of a jury award - the hope was to keep the money damages out of the stratosphere. That hope, of course, was dashed when the jury came back. Their verdict sent PM stock prices downward Thursday as the tobacco sector struggled to take in the psychological effects of such a large award...
Smith is one of Boston's leading businessmen. Chairman and CEO of Harcourt General, Inc. and the Neiman Marcus Group, Smith has spent much of his life working in the non-profit sector, serving as chair of the board of both the Dana-Farber Cancer Institute and the Facing History and Ourselves Foundation...
...open to a lot of things. I feel I have a comparative advantage in higher education,” Fineberg said. But then he also said he’d feel comfortable at a “foundation, a non-profit or in the private sector...
Perhaps the biggest problem with the rally is that it is directing capital to companies best left for dead. What really ails the tech sector is too much capacity, which won't go away until investors ration capital properly. "Anything that deters consolidation is a long-term negative for tech," says Richard Bernstein, a strategist at Merrill Lynch. He notes that telecom companies, in which overcapacity is greatest, have been sucking up 30% of proceeds from stock and bond sales this year; energy firms, just 25%--a frightful misallocation...
...construction sector is still doing well, possibly as a result of the strength of the housing market this spring. Consumer confidence has turned around. And people that are losing their jobs seem to be finding new ones. So these reports weren't without a positive aspect. But things are still very weak, and we certainly aren't getting any new signs that things will turn around any sooner than the end of this year...