As spreads on corporate bonds have widened, share prices have fallen; and as spreads have narrowed, shares have risen.
While the US has, at least so far, resisted a complete dependency on Albertan sand oil, this environmentally disastrous from of petrol is widening its share of the global market.
Schimberg: "They are concerned about the widening market share gap in North America because globally Pepsi's becoming a virtual company".
The loss, reported as an after-tax operating loss and driven by accounting charges, amounted to $16.20 a share, widening from $9.98 a share in the quarter a year ago.
David Cameron and the Pakistani prime minister, Yusuf Rasa Gilani, have agreed to deepen co-operation on fighting terrorism by widening intelligence sharing, increasing UK aid to put 4 million children into school and setting up a joint centre of excellence to fight roadside bombs.
The company, based in Schaumburg, Ill., is trying to improve its manufacturing efficiency as rivals like Nokia widen their share of the global mobile phone market.
But this strategy is coming unglued as credit spreads widen and share prices fail to fall.Last week's turmoil in structured-finance products and credit derivatives has focused minds wonderfully on how some of the more obscure financial products and operators actually work.
Its recent fall aside, Shutterflys share-price has been bleeding value since it reported a third quarter loss of $3.3 million, or 14 cents per share, widening its loss of $2.7 million, or 70 cents per share, reported in late-October.
Credit markets screamed trouble, with spreads widening dramatically, while share prices barely flinched.
The firm posted a net loss of $223 million, or 27 cents per share, widening from a year-ago loss of $142 million, or 17 cents.
