Word: bankrupting
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Dates: during 2000-2009
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...With GM and Chrysler nearly bankrupt, Harley Shaiken, a professor of labor relations at the University of California, Berkeley, says UAW President Ron Gettelfinger wants to do all he can to help the automakers, including changing the contract if necessary. But UAW leadership is also angling for a seat on GM's board of directors, according to a posting on the website of UAW Local 2404. (See pictures of the remains of Detroit...
...Brunot and Butts sold the game's rights to a company called Selchow & Righter. Butts received a total of $265,000 in royalties; Brunot got nearly $1.5 million. Coleco Industries Inc. took over after Selchow collapsed in the 1980s and when Coleco went bankrupt, Hasbro Inc. swooped in. In 1994, scandal rocked the Scrabblesphere when Hasbro announced plans to remove nearly 200 words deemed too offensive for the official Scrabble dictionary. The list of words ranged from ethnic slurs to playground phrases like "turd," "fart" and "fatso." Hasbro eventually compromised and published two officially sanctioned dictionaries - one for "recreational...
...Dodge Aries K cars, Mercury Montereys and Chevy Chev-ettes they produced. So the citizens and the pols are irked to have to throw these companies a lifeline, even though they probably should do it for the good of the economy. An out-of-business GM (or even a bankrupt, reorganized one) is more than just a dead factory here and there. "There are real risks of cascading bankruptcy and then supply-side seizures," Columbia economist Jeffrey Sachs warned Congress, meaning that the ability of all car companies simply to make cars would be in jeopardy. The negative feedback...
...number of brands it makes and the number of dealers who sell them. It proposed cutting its hourly manufacturing costs in half. CEO Rick Wagoner agreed to work for $1 a year. GM's business is going down fast because consumers are already shying away from a potentially bankrupt company - which is part of GM's argument for immediate funding...
...What's unclear is if the Big Three, particularly GM, can last that long. Ford said in the recovery plan it submitted Tuesday that it can survive through 2009 without a loan - provided neither one of its two competitors goes bankrupt and drags down the industry's entire supplier network. But Chrysler asked for $7 billion in loans, and GM said it would need $4 billion by the end of this month and upwards of an additional $14 billion next year to survive. All told, the companies have asked the Federal Government for $34 billion (including a $9 billion emergency...