Word: bankrupts
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...electric utilities--traditionally viewed as boring, safe investments more akin to bonds--have heated up this year, gaining around 5% in a choppy market. Warren Buffett and Bill Gates have made bets on the sector, investing in MidAmerican Energy and Avista, respectively. Stodgy, flat-footed utilities aren't going bankrupt, as predicted, but restructuring to tap the competitive markets. Given their background, though, it's not an easy switch. "These companies didn't consider themselves to have customers--they were called ratepayers," says Michael Egan, CFO of Peco Energy, the $5 billion Philadelphia-based giant that just merged with Unicom...
...Florida law that outlaws any award that would bankrupt its target was nice planning by industry lobbyists, and one this size surely falls into that category. The judge is expected to do his part in whittling down the amount. And the appeals process - whether it's the two-year trip to the Florida Supreme Court envisioned by most experts, or the 75-year flood of individual trials that Webb was crowing about - ought to do the rest. The tobacco lawyers' shrill and relentless hubris might just have resulted in an award that's more like a balloon than a bill...
...effects of the verdict for anxious stockholders, the tobacco companies are dreaming if they think they're going to weasel out of the damages altogether. Granted, they will never have to pay the full bill; thanks to the tobacco interests in the Florida legislature, it's now illegal to bankrupt a company via punitive damages. And at this rate, that's exactly what this kind of settlement would do; big tobacco is mortgaged to the hilt, and the companies are already chained to a payment plan for the historic (and bank-breaking) agreement with various states' attorneys general...
...then acting manager, agreed in desperation to try a feng shui (pronounced fung shway) practitioner. It could be coincidence, but within three weeks of her visit, Lansdell was promoted to full-time manager of Gardena, whose economy then got a boost when Hustler magazine publisher Larry Flynt bought a bankrupt casino there. This month Lansdell expects Gardena's deficit to decrease to $2.9 million...
...found out that Grandma was trading options on individual stocks, you would probably want to fire her broker. After all, the confusing world of "puts" and "calls," with its esoteric language and strategies, not to mention extreme levels of leverage, can bankrupt even accomplished speculators in a matter of days. So what on earth is Grandma doing putting on a "bull call spread...