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Half-point rate cut is worth 10% to the Nasdaq
- Source :
- Barron's. April 23, 2001, Vol. 81 Issue 17, pMW3, 3 p.
- Publication Year :
- 2001
-
Abstract
- A busy week on Wall Street saw Nasdaq Composite shares gain an average of 10% thanks to a Federal Reserve interest rate cut. However, longtime Warren Buffett-associated stocks Coca Cola and Gillette lowered growth and earnings forecasts. Holders of M&F Worldwide are protesting its board's decision to bail out audacious Ronald O. Perelman's troubled Panavision. The FASB will delay its June 30 ban on pooling accounting of mergers for 6 months.
- Subjects :
- Coca-Cola Co. (Atlanta, Georgia) -- Securities
Gillette Co. -- Securities
M&F Worldwide Corp. -- Mergers, acquisitions and divestments
Panavision Inc. -- Mergers, acquisitions and divestments
Dow Jones Industrial Average (Index) -- Analysis
Nasdaq Composite Index (Index) -- Analysis
Securities industry -- Analysis
Stocks -- Evaluation
High technology industry -- Securities
Soft drink industry -- Securities
Consumer goods industry -- Securities
Audio-visual equipment industry -- Mergers, acquisitions and divestments
Acquisitions and mergers -- Accounting and auditing
Cutlery industry -- Securities
Stock options -- Accounting and auditing
Banking, finance and accounting industries
Business
Financial Accounting Standards Board -- Laws, regulations and rules
Subjects
Details
- ISSN :
- 10778039
- Volume :
- 81
- Issue :
- 17
- Database :
- Gale General OneFile
- Journal :
- Barron's
- Publication Type :
- Periodical
- Accession number :
- edsgcl.73628737