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The company, which includes Proffitt's and Carson Pirie Scott as well as the empress dowager of department stores, Saks Fifth Avenue, was wobbling before the economic slump stemming from the Sept. 11 attacks.
Over at the Times, they're reporting that, in a rare admission of defeat, Motorola is acknowledging a deep slump stemming from their oft-reported inability to follow-up on the ridiculous success of a certain ubiquitous handset.
Crude oil is at a five-year low after the latest crisis in the Persian Gulf was defused, relapsing to a slump stemming from slack demand and excessive inventories.
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Some of the slump stems from the collapse of commodity prices.
Beside a lack of competition, the investment slump stems from what Summers calls the de-massification of the economy.
Dell's slump stems from weakening demand for PCs as more technology spending shifts toward smartphones and tablet computers.
For months, city and state officials had been urging the Bush administration to loosen the rules governing the use of disaster aid, arguing that New York's economic slump stemmed in large part from the attack on Lower Manhattan.
Early yesterday, the Dow felt the pull of AT&T after it posted a 51percentt slump in profits stemming from strong competition and falling long-distance prices.
First Priority Bank of Bradenton, Fla., was closed by state regulators on Friday, the eighth bank to collapse this year as lenders grapple with failed loans stemming from a slump in home prices.
German unemployment rose at the fastest pace in five years in May, as companies including Deutsche Telekom and Siemens continued to cut jobs to counter losses stemming from last year's economic slump.
However, Warner Music has struggled to make headway with Wall Street since, as falling music sales stemming from ongoing piracy have seen the industry slump.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com