Stock Downgrades: Headaches Keep Coming for Skullcandy
On the anniversary of the Bonfire of the Vanities — the real one not Tom Wolfe’s one — Wall Street’s egos once again went up in smoke. (Cigarette maker Philip Morris (PM) exempted itself from the overall malaise its stock lighting up to the tune of 2.43%.) Markets ended down even as continuing unemployment claims fell to their lowest level since Bear Stearns went belly up in March 2008. The employee whose excuse for being late for work was that his car was attacked by a bear couldn’t be reached for comment but if such tardiness means he is now job-hunting it is clearly benefiting ...
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