Word: auge
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...home to save some dough, or flocking to Dollar Tree from other stores for cheap supplies, Dollar Tree, based in Chesapeake, Va., loves the fiesta. The chain, which operates about 3,700 stores in 48 states, saw its profits rise 51%, to $56.9 million, for the quarter that ended Aug. 1. In a depressed retail environment, same-store sales jumped 6.8% for the quarter; the retailer's shares have risen over 40% since mid-February. "For us, the world is our oyster," Gary Philbin, Dollar Tree's COO, said at a recent analyst presentation. "With other folks canceling deals...
...Considering Birkenfeld's help, many observers wonder why the Justice Department decided to arrest and prosecute him. In the end, he pleaded guilty to a single fraud conspiracy count; he was sentenced on Aug. 21 in a federal courtroom in Fort Lauderdale, Fla., to 40 months in a federal penitentiary (to start Jan. 8). Many critics believe the decision to prosecute Birkenfeld, whom some consider the most important whistle-blower in years, sends the worst possible message to other financial-industry insiders who might be considering coming forward. The Government Accountability Project (GAP), a Washington watchdog organization that has extensive...
...Courtney Stewart - Wilhite walks, talks, lifts weights, jogs - and smiles. A catcher on the Cal State Fullerton teams that won the Division 1A College World Series in 2004 and reached the finals in 2006 and '07, Wilhite would like to play in the alumni game next year. Indeed, on Aug. 29, he threw out the first pitch at the Angels-Athletics game. Once 5 ft. 11 in. and 190 lb., Wilhite has regained 30 of the 40 pounds he lost, and his father Tony jokes that Jon has gained a half-inch in height thanks to the work...
...Pakistani Taliban was thought to have been weakened when the group's former commander, Baitullah Mehsud, was killed in a U.S. drone attack on Aug. 5. Pakistani military officials have told TIME that "conditions in South Waziristan" are now ripe for a ground offensive to eliminate what remains of the Mehsud network and their allies there. But they warn that it will be "very bloody," possibly leading to further revenge attacks in Pakistan. There are an estimated 10,000 well-trained fighters still in South Waziristan, and their new leader, Hakimullah Mehsud, has warned of fresh violence. He appeared...
...extraordinary that Lewis has remained this long under these circumstances." - Stephen Lerner, an official at the Service Employees International Union, on Lewis maintaining his CEO position after being stripped of his chairman's role. (TIME.com, Aug...