Word: bankrupts
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Dates: during 2000-2009
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...much less than the Malaysia Airlines price, he says. And then, he gripes, he had to buy his own food. When a passenger with whom Fernandes is chatting complains that the number of cheap seats should be expanded, the CEO responds jokingly: "If I did that, I'd go bankrupt. Or you'd have to fly in planes with propellers...
...Could See For Miles" [JUNE 14], essayist Charles Krauthammer repeated a notion we keep hearing from Reagan's sillier admirers: that he won the cold war by forcing the Soviet Union to go bankrupt in its efforts to keep up with the U.S.'s surge in military spending, culminating in the Strategic Defense Initiative, the Star Wars program. Many critics of Reagan's foreign policy have pointed out, however, that as the Soviet Union started to fray, there was a real chance it would end with a nuclear bang rather than a whimper. Had the U.S.S.R. not been lucky enough...
...does it help that LG Electronics is a member of one of South Korea's mammoth, family-controlled conglomerates, called chaebols, which are infamous for mysterious and convoluted business practices. In February the company broke a promise to investors by pledging $130 million to buy bonds of a nearly bankrupt affiliate, credit-card issuer LG Card. Kim says his company joined in because a failure at LG Card would have damaged LG's image. Michael Lee, an executive vice president at LG Corp., the conglomerate's holding company, says affiliates had a "moral obligation" to help out and calls...
...does it help that LG Electronics is a member of one of South Korea's mammoth, family-controlled conglomerates, called chaebols, which are infamous for mysterious and convoluted business practices. In February the company broke a promise to investors and pledged $130 million to buy bonds of a nearly bankrupt affiliate, credit-card issuer LG Card. Kim says his company joined in because a failure at LG Card would have damaged LG's image. Michael Lee, an executive vice president at LG Corp., the conglomerate's holding company, says affiliates had a "moral obligation" to help out and calls...
...were at a 30-month low and were dragging the rest of the Russian stock market down with them. The market feared that the Yukos affair was heading for the worst possible end - bankruptcy. But Thursday afternoon, Vladimir Putin told journalists he had no interest in seeing Yukos go bankrupt, and in less than two hours Yukos shares jumped by 35% and the market finished 10% up in record trading. Yukos' share price rose again Friday by almost 4%. Putin was careful to stress that he was expressing his own feelings and the courts were, of course, independent. The market...