Word: sells
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...blow. "As if we didn't have enough to contend with," strategists at the Royal Bank of Scotland wrote in a note to clients Monday, "it's just what we need now, a flu pandemic in the midst of the biggest financial crisis since the Great Depression." Amid the sell-off, travel industry stocks fell sharpest. Shares in Lufthansa, Europe's second-largest airline, tumbled by more than 12% before recovering slightly. Those of rival British Airways pulled back from similar lows, trading 8% down by mid-afternoon in London. Tour operators and hotel groups took similar hits. (See pictures...
...Short selling is among the most controversial investment practices and has been blamed for sharp sell-offs in the stocks of a number of large companies, especially financial firms. Governments in both the U.S. and other developed countries are considering banning or seriously restricting the practice of short selling. When financial stocks were dropping rapidly late last year, taking short positions in some banks and brokerage stocks was actually forbidden...
Russia has crafted its role by using its two most valuable assets - vast energy resources and mountains of military hardware - to cut a series of clever deals. In 2006, for example, then President Vladimir Putin flew a delegation of oil, gas and defense executives to Algeria. Putin negotiated to sell $7.5 billion worth of combat jets, missiles and tanks to the government, while Russian energy giants Gazprom and Lukoil secured key oil and gas concessions in the North African nation. And Putin offered an extra sweetener: he wrote off Algeria's near $5 billion Soviet-era debt. Then there...
...thoughtful, creative packaging born of collaboration with the band. (A digital version without the extras is also available.) More important, Block's team reached out to Pearl Jam's fans and asked specific questions about what they wanted. In their first week of release, the various Tens combined to sell 55,000 copies - including an astonishing 10,000 of the $199 collector's edition. "People don't love music any less today than they ever have," says Block, who also oversaw last year's well-received $109.98 Miles Davis: Kind of Blue: 50th Anniversary Collector's Edition. "The right presentation...
...haven't been touched since their original transfer to CD in 1987. Early word is that the remastered records sound great, though because of disagreements with Apple, they probably won't be available on iTunes, and the extras - mostly making-of documentaries - are a little underwhelming. They'll probably sell anyway, but if the Beatles and EMI are feeling just, they'll remember that the money they take from reissues is equal to the love they make them with...