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...firm that owns EMI, announced that the record giant had lost nearly $2.5 billion last year. Not only that, a brick wall looms: EMI has to raise more than $200 million in the next six months to ensure that it does not fall into the hands of Citigroup - the bank that lent Terra Firma, controlled by British financier Guy Hands, the cash to buy it 2½ years ago. (See the top 10 albums...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...sales of 13 million rereleased Beatles albums, EMI's record division is expected to make $312 million, with the publishing sector bringing in an additional $218 million. That will cover Terra Firma's interest bill of about $350 million. But it's not enough to keep Citigroup happy - the bank had agreed to lend the venture-capital firm $4.2 billion only if EMI could hit certain performance targets. As EMI's accounts dolefully note, there is a "significant shortfall" between the profit likely to be generated in 2010 and the target previously agreed upon...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...island of Guernsey in the English Channel, needs to inject about $200 million into the business by the summer; otherwise, Citigroup gets the keys. His allies say he can raise the money from third-party investors, but that is only enough to keep EMI out of the bank's hands for 12 more months. What Hands really needs is a deal with Citigroup to slash EMI's debts. But like any good band in crisis, Hands and his onetime partners at Citigroup have fallen out. (See the top 10 albums...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...Gaza with my eyes open and a deep understanding of the political and military situation there. I have studied the Israeli-Palestinian conflict for nearly ten years, I have edited a peer-reviewed book on the subject, and I have lived and worked in both Israel and the West Bank for extended periods of time...

Author: By Feroze Y. Sidhwa | Title: Stifling Studies | 2/8/2010 | See Source »

Another voice of reason: "How about we all join Harvard's already established, maybe not in use now, Idea Bank, to have our concerns voiced and fleshed out and demand that the UC take...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Vacuuming in Cabot—the Inhumanity! | 2/8/2010 | See Source »

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