Word: sells
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...meeting yesterday morning that it will increase the floor plan rate - the interest on money that car dealers borrow to buy new inventory - by 1.5%. "Which forces me to have less inventory on hand," says Jim Helton, the general manager. "That makes it harder for me to sell cars, because I'm giving people fewer choices." The dealership's owners were planning this summer to spend millions of dollars on a complete renovation and expansion of the façade, showroom and service area. Rising credit costs, combined with slow truck and SUV sales, forced the dealership to shelve...
...Financial, was also optimistic as the trading day began, predicting a modest bounce by day's end. After the bounce fizzled at the close of trading, Barton said volatility remains because there's no real consensus which way the market is going. "When it's up, people want to sell. When it's down, people want...
...Given this extreme uncertainty, Weiss is sitting on more cash than ever before. One reason is that he expects further mayhem as leveraged hedge funds are hit increasingly hard by margin calls and shareholder redemptions, forcing them to sell investments to raise cash. Yet amid the panic, Weiss admits he's turning bullish: "People are freaking out, and it's a good time to make money when everybody is freaking out." One shell-shocked area where he's finding extraordinary bargains: illiquid funds with troubled investments in property. "You might very well lose all your money," says Weiss, "but there...
...week ago, Congress gave its final assent to a deal that would allow American companies to sell nuclear technology to India, a nation with decades of hostile relations with its unstable nuclear-armed neighbor, Pakistan, and whose decision to test nuclear weapons in 1974 prompted Congress to adopt the Nuclear Non-Proliferation Treaty (NPT). Since then, not only has India declined to join the NPT regime, it has refused to ratify the Comprehensive Test Ban Treaty and has continued to actively acquire nuclear material for its weapons program, despite a few recent concessions to stop unilateral nuclear tests and secure...
...turmoil in the global financial sector, Asian art collectors also proceeded with caution this week, sending the hot market for contemporary Chinese art towards an apparent cool down. At a Sotheby's sale of 20th century Chinese artwork on Oct. 5, two-thirds of the 110 lots failed to sell, and many of the pieces that did find buyers went for below their estimated prices. By the close of the biannual sales of the world's largest publicly traded art auction house, Sotheby's took in about half what it had expected, at just over $140.7 million...