Word: billioned
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...assumed the post of chairman. Two years later, the company accepted a $70-a-share bid from Eli Lilly & Co. "I felt vindicated," boasted Icahn at the time. Then there was National Energy Group, where he turned a $300 million investment in the company in 2003 into a $1.5 billion payoff when it was sold in 2006, according to Icahn. (See the top 10 bankruptcies...
...Resorts (WYNN) and Las Vegas Sands have seen the biggest gains, with their stocks rising 296% and 842% respectively in the past 52 weeks. But their gains were driven largely by their exposure to the lucrative Macau market, where gaming has been on fire. Indeed, gaming revenue totaled $15 billion in Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied on Macau for more than 60% of their earnings in 2009. "The expansion in Asia has been unbelievable," says Brashear. "There's 2.5 billion people within a five-hour...
...come by, but they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal to repurpose $30 billion of bank-bailout money to spur more business lending at community banks...
Harvard’s last capital campaign, which raised $2.6 billion ($3.2 billion in today’s dollars), ended nearly 10 years ago in 2001, but the University has repeatedly decided to postpone a new campaign in recent years...
...awakened Monday to skies the eerie yellow color of a street lamp. It was the second time in three days that the Chinese capital had been scoured by sandstorms that have hit 16 provinces across west, central and north China, affecting nearly one-fifth of the country's 1.3 billion people, according to the state-run Xinhua News Service...