Word: bingos
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...move seems to have worked. Fifth Third says the cash payments were enough to persuade holders of more than $550 million in preferred stock to convert their shares to common. Add that amount to the more than $600 million Fifth Third had left from its stock offering, and bingo: Stress test passed - over $1.1 billion in new common equity. The problem is the money Fifth Third paid to preferred shareholders to convert to common equity will also end up depleting Tier 1 capital - a measure of total bank resources, not just common equity - by $365 million...
...Does that suggest a trading-range market as an anemic recovery unfolds? Bingo. It will be a trading-range market characterized by volatility. It will be an environment that will benefit active investment managers as opposed to passive investors. If you are in the "buy and hold" mentality, this is not a market...
...were first-time KOAers, the highest percentage in 18 years. Its campgrounds, where cabins start at about $45 a night, offer amenities that might turn off purists hoping to commune with nature; on a recent Saturday at a KOA in Newburgh, N.Y., a hay wagon full of kids singing "Bingo Was His Name-O" cruised past two swimming pools, a video arcade, a mini-golf course and an on-site store that sells beer. Like most KOA campgrounds, Newburgh also provides free...
...violence - and the implied promise of more - to stop. "These past few days there's been a funny atmosphere in the air as if something was going to happen," says Arlene, 62, who lives in a republican neighborhood, as she takes a cigarette break outside a city center bingo hall. "In our day, we had to look over our shoulder 24/7. Nobody wants to go back to that...
...pitching the sale of MySpace to Murdoch: On its own, [parent company] Intermix was not much of a prize. It owned a bunch of websites offering games like bingo and animated fart jokes that users could e-mail to one another. It was barely profitable. It had been sued by New York attorney general Eliot Spitzer for distributing spyware inside screen savers, screen cursors and games...