Business Services Industry
Pennsylvania-Based Music Retailer Wants Regulators to Check Web Rumors.
Knight Ridder/Tribune Business News, March, 1999 by Lindeman, Teresa F.
Knight Ridder/Tribune Business News
Mar. 5 -- National Record Mart Inc. has asked the Securities and Exchange Commission to investigate a possible correlation between messages posted on Internet sites and attempts to manipulate the company's stock price.
President and CEO William A. Teitelbaum declined to say whether the music retailer's stock was materially affected by comments made online.
The Green Tree company's stock was trading at around $13 last November. It has since fallen to the $4 range.
The most obvious reason for the drop is a tough third quarter that saw net income fall as National Record Mart worked to launch a new Web site, absorbed the cost of acquiring new stores, and paid a penalty on debt. Without strong profits...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
