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Santander would rather be profitable than interesting. Santander's U.K. profits for the first half of 2009 were up 33% from the year before, if you don't count acquisitions, and almost 63% if you do. It remains to be seen if Santander can work similar magic at Sovereign. Inciarte says cost-to-income at the U.S. bank has already fallen from 65% to 57%, but that getting down to 40% "will take us quite a while." (See pictures of the Federal Reserve...
...showed me a small industrial park built not long ago by a local businessman. It's got tenants, and the owner has been making his mortgage payments. But when his loan comes due - commercial mortgages generally run three to 10 years, not the 30 that homeowners get - he almost certainly won't be able to refinance because building prices have dropped and lending standards have tightened. Which means he will either have to cough up a lot more up-front cash or lose the property...
Residents were urged to find alternative sources of drinking water as authorities tried to stop 40,000 gal. (almost 151,500 L) of leaked diesel fuel from contaminating a stretch of the Yellow River--China's second longest and a source of fresh water for millions. Some 700 workers were reportedly mobilized to control the spill, which was not made public for several days...
University of Vermont also had a strong showing at the competition, finishing second overall and taking the top two spots in the Men’s Giant Slalom. Harvard senior Christopher Kinner came in 32nd place with a total time of 2:07:49, almost eight seconds behind first place. The Catamounts also took the top spot in the women’s version of the event, while the Crimson’s top finisher was junior Margie Thorp in 37th place with a time...
Wherever face veils go, controversy often follows. In January, almost as soon as a new rule kicked in that bans students from wearing veils and other clothing on campus that obscures their faces, the Massachusetts College of Pharmacy and Health Sciences (MCPHS) added a religious exemption, following accusations of discrimination. Despite speculation that the policy was connected to the October arrest of a Muslim former student suspected of planning terror attacks, a spokesman for the college said that the rule had been implemented for safety reasons and was not directed toward any particular student group...