Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON February 28, 2002
Full News Archive
- Headline: HBOS Profit Decline Sparks Stock Sale. Impact: HBOS's decline in profits might have led to an increase in motivational posters and inspirational quotes in corporate offices. If only they had invested in 'Hang in There' cat posters, perhaps their profits would have surged instead.. Fact: HBOS stands for Halifax Bank of Scotland. Ironically, their profits were falling faster than the average Scottish person's ability to say 'cheers' after a few whiskies..
- Headline: Contract Offers Look at How Global Played Influence Game. Impact: By relaxing security requirements, the US Defense Department inadvertently encouraged companies to become more 'creative' with their financial practices, leading to a world where military contracts were less about defense and more about defense against audits.. Fact: Global Crossing was known for its ambitious telecommunications projects, but they were also a champion of creative accounting. They could have taught a masterclass on how to turn profits into losses without breaking a sweat!.
Wall Street Time Machine
NFLX
Netflix
Netflix - If you invested $1,000 in 2002, it would be worth $785,671 today (785.7x return)
AAPL
Apple
Apple - If you invested $1,000 in 2002, it would be worth $779,032 today (779.0x return)