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Falling home prices send more homeowners "underwater," leading to more foreclosures and distress sales, depressing prices further.
Eastman Kodak reported a larger-than-expected fourth-quarter loss and a 25 percent drop in revenue on poor digital and licensing sales, depressing shares as much as 19 percent.
Similar(58)
With home sales depressed, there is new urgency to that mission.
The toy maker Hasbro reported a 10percentt increase in its third-quarter earnings today but missed Wall Street expectations as slow back-to-school sales depressed revenue.
With retail sales depressed, consumer spending looks set to stay weak in the first three months of 2005.It is easy to see why consumers have become more cautious.
But with music sales depressed over all these days, "Away From the World" had the lowest opening-week sales number for any of the group's studio releases since 1996, when its second release, "Crash," opened at No. 2 with 254,000, as Billboard noted.
And while Cummins' engine and power-generation sales are depressed, third-quarter sales improved 12% in the filtration and international segments, which make up 27% of its $5.9 billion annual revenue.
Another possibility is to shop in neighborhoods where the large number of properties for sale is depressing prices.
Wall Street's latest scare, lockup expirations, has investors worrying that a tidal wave of insider stock sales could depress the market this year (see "Insider sales expected to swell 50% in 2000").
The company said Wednesday that second-quarter sales were depressed by the confusion in Washington.
First, by choking off the supply of credit and throttling sales, crises depress investment and thus productivity.
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