Word: bankrupting
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Dates: during 2000-2009
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...Nesson, known for advancing unusual legal arguments, said that the damages awarded would bankrupt Tenenbaum, and that his client would ask Judge Nancy Gertner to reduce the sum to a more "reasonable" level. In the only previous such case to go to trial, Capitol v. Thomas, the plaintiffs were awarded $9,250 per song, an amount raised to $80,000 per song in the re-trial for a total of $1.92 million...
They've got good reason to be nervous. With sales running at less than 10 million units annually - the lowest level in more than three decades - there is still a mountain of inventory sitting with dealers around the U.S. despite deep cuts in production, not only by the bankrupt General Motors Corp. and Chrysler Group LLC, but also by companies such as Toyota, Ford and Nissan. (See the 50 worst cars of all time...
...past few months, many established arts groups have folded, with many more on the skids. The Master Chorale of Washington performed its final concert on May 17 after 43 years. The Baltimore Opera went bankrupt after a six-decade run. The Las Vegas Art Museum shuttered in late February after 59 years. And the Milwaukee Shakespeare Theatre Company disbanded last October after nine years. "Shocking" is how former marketing director Kristin Godfrey described her reaction when she learned the troupe had to be shut down. As a result of plummeting investments at the Argosy Foundation - which sponsored two-thirds...
...face of such serious challenges, would Six Flags respond by rolling out an ad campaign featuring a widely mocked character that the company's own chairman once said is "misguided" and "weakens the brand"? Why, just when the stakes are at an all-time high, is a bankrupt company putting that creepy dancing old guy back on our TVs? (See the best and worst Super Bowl commercials...
...Canada's economy suddenly cratering? Many in Canada blame the U.S., the country's biggest trading partner, whose bankrupt car companies have thrown a wrench into the domestic automotive industry. At the same time, continued contraction of the U.S. economy means energy exports are suffering. (Canada is the biggest supplier of foreign oil to the U.S. economy, ahead of Saudi Arabia and Venezuela.) Year-over-year energy exports tanked 54%, to $4.8 billion, for the month of May, and automotive exports fell 38%, to $2.67 billion. Total year-over-year exports declined 33%, to $25.3 billion...