Word: walles
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...Investors who believe that Apple can still do well got a hand. Smart phone king Research In Motion (RIMM), maker of the Blackberry, posted strong earnings for the last quarter. The company did what Wall St. likes most of all. It did better than expected in the last reporting period and said it would do better than people anticipated in the future. Now Wall St. gets to re-evaluate Apple. RIMM, which is among the lesser branded competitors in the field, has done fine even in a downturn. Even if the recession has been deepening, businesses and consumers are willing...
...sectors that has helped the market move is, improbably, the retail sector. Shares in companies including Sears (SHLD), Nortstrom (JWN), and Target (TGT) have done remarkably well. The only explanation is that the funeral preparations for these companies were so far along at the beginning of the year that Wall St. is shocked that they are still around. If consumer spending bounces even an inch off the ground, the largest retailers may live to see the 2009 holiday season. (See pictures of TIME's Wall Street covers...
There is a saying on Wall Street that even dead cats bounce. Financial stocks appear to be purring again...
group, Flyby threw up a little wall-post asking members to tell...
...bitter, remote war to which its member nations are reluctant to commit blood and treasure. During the 1990s, the Alliance began expanding, inducting nine new members from Eastern Europe's former Soviet territories and satellites that sought protection from Russian power. But that program seemed to hit a wall last August, when Georgia fought a five-day war against Russia for control of South Ossetia. Georgia, whose bid to join the Alliance had been strongly backed by the U.S., was viewed by many Western officials as having provoked a senseless fight that would have obliged NATO to get involved...