Word: sells
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Another day, another pounding on international equity markets. Investors in Asia and Europe continued the frenzied dumping of stocks that has marked the past few weeks, pushing some indices to lows not seen in years. As was the case in earlier sell-a-thons, no one seems to have a clue when the brutal slide might...
...aspect of American life from shopping to sex. But Americans are doing demonstrably less of the former when it comes to cars. Sales are braking quickly, and this month are expected to be at their lowest level in 25 years, industry experts predict. According to J.D. Power, automakers will sell 10.8 vehicles at retail (fleet sales will add another 2.8 million). That's a drop of more than 15% from 2007. "Nobody's is coming into the showrooms," notes a senior official from Volkswagen of America...
Meanwhile, reports surfaced that Cerberus might be willing to sell a 20% stake in Chrysler to Renault/Nissan. Any kind of agreement with Renault/Nissan will mean Chrysler has come full circle over 21 years. In 1987 it was Chrysler that acquired the American Motors Corp. from the struggling French automaker. Chrysler employees, reeling ever since Daimler AG cut them loose last summer, are now utterly demoralized as they await their fate, according to sources inside the company...
Overwhelmed by investors responding to every little tick of the market, companies that clear trades are easily seeing ten times the usual number of messages that signal the price at which investors want to buy or sell. Traders with algorithm-based strategies are jockeying for space at the computer servers closest to stock exchanges in order to shave milliseconds off their trades. This is what the market has come to: the distance an electron travels makes a difference...
...music videos are like a comfortable old sock. They feature familiar imagery: the car chase? Any Mitsubishi ad. A man’s chest glistening in a shower? Gillette. Hotel room? Ikea. But that’s why we keep on lovin’ Brit. We can buy or sell her sexuality as a memory that accompanies any shiny car or anime film or spy unitard, and feel warm and fuzzy inside for doing it. From Brit, ‘fetishized,’ ‘sexy,’ and ‘sold’ are three...