Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.30 | -0.30 | -0.25 | -0.25 | -0.30 | -0.33 | -0.35 | -0.30 | -0.40 | -0.35 | -0.30 | -0.28 |
Dow four-year low; overcapacity and weak demand
How this mood is scored ▾
Tyco CEO Dennis Kozlowski resigned following news of an impending indictment on tax evasion, triggering a 27% stock drop to $16.05. The scandal highlights parallels between Kozlowski's personal financial conduct and Tyco's corporate practices, including offshore incorporation and unreported acquisitions. Market uncertainty looms as investors anticipate further revelations that could impact leadership and shareholder confidence.
The carrier succumbed to collapsed business travel and heavy debt despite federal loan guarantees. Its filing opened the era of rolling legacy-airline bankruptcies and labor-cost restructurings.
The world's second-biggest carrier entered Chapter 11 after losing a federal loan guarantee. Its restructuring, including pension terminations, reset labor economics across the US airline industry.