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In the absence of an announcement on strategic options by the board, management can only try to manage the pace of declines".
The Federal Reserve also reported that anecdotal evidence from across the country suggested that widespread economic trouble continued through March and early April, but also suggested that the pace of declines might have eased a bit.
The Fed's beige book said that economies in New York, Dallas, San Francisco and other Fed districts continued to lag or deteriorate this spring, but that the pace of declines was slowing in some areas.
Home price data are expected to show a drop of around 12% from last year, although the pace of declines is slowing.
Also out in the morning, home price data are expected to show a drop of around 12% from last year, although the pace of declines is slowing.
Consumer credit fell by nearly $15 billion in September, the eighth months of declines and well over the $10 billion cut Wall Street had predicted and an increase in the pace of declines.
Similar(52)
THE PACE of decline on Wall Street continues to astonish.
Investors would welcome even a slowing pace of decline.
Though almost all grandmasters pass their peak after age 45, the pace of decline varies greatly.
The pace of decline in Spain, a fellow euro-zone sufferer, quickened in the second quarter.
The pace of decline has slowed in recent months, but it is continuing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com