Word: buyouts
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...films that were aired on TV. In 1974, the Guild negotiated a more lucrative contract for its members that paid for "every rerun in prime time, rather than previous practice of paying for only two reruns, and residuals in perpetuity for TV reruns in syndication replacing 'the old buyout at the tenth...
While Summers has worked for almost every Democratic President or nominee for the past 20 years, Geithner's politics are more moderate. Once a registered Republican, he is now an independent, and his instincts are also more opaque. He tried and failed to arrange a private buyout for Lehman Brothers in September and led the $152.5 billion AIG bailout, which proved to be far more expensive than the current Treasury Secretary, Henry Paulson, had anticipated. But Geithner has withheld judgment in public on key issues, like an ambitious program to modify bad home loans that has run into opposition from...
...Regional department-store chains in smaller to midsize cities are already under pressure, but some have an extra heap of woe. Women's retailer Bon-Ton faces a double challenge: softening sales and a mountain of debt resulting from its $1 billion buyout of 142 stores from Saks two years ago. Even powerhouse Dillard's, with stores spread across 29 states, is raising anxiety owing to weakening sales, down 10% for the quarter. In early November, Standard & Poor's lowered its corporate credit rating of Dillard's to B+ from BB-, citing the "deepening spending pull-back by consumers." Adding...
Under the current NSP guidelines, cities are required to steer their buyout money into designated areas, usually zones with a high concentration of foreclosures and subprime home loans. The cities are also supposed to acquire the properties at a discount of at least 5% from current market value. But one of the risks of that stipulation, say housing experts, is that if the houses are bought up at too deep a price cut, especially with housing prices so depressed right now, it could force surrounding property values further down and instead exacerbate neighborhood destabilization. That's another reason many cities...
RESIGNED Jerry Yang, 40, the Yahoo! co-founder who took over as CEO a year ago, said he would step down Nov. 17. Beset by criticism after Yang rejected a buyout bid from Microsoft, the ailing search company saw its shares jump 8% the day after his announcement...