Word: cashed
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...millions of dollars in advances. The sheik said that in addition to covering Jacko's living and travel expenses during his year-long stay in Bahrain, he built the singer a recording studio, spent more than $300,000 securing him a "motivational guru" and gave him $250,000 in cash so Jackson "could entertain his friends at Christmas." Jackson has maintained that these were gifts from the Arab prince, an interpretation Al Khalifa denies. "Many times he confirmed that he would pay me back," the sheik said. (Read "Celebrity Worship: Good for Your Health...
...Bank analyst Mike Mayo, who has been a long-time bear on Citi, says the company has adequate capital to survive. When you factor in the $25 billion Citi got from the Treasury's Troubled Asset Relief Program, Mayo estimates the bank has as much as $100 billion in cash cushion...
...press conference last week the leaders of the solar, wind, geothermal and hydropower industries called on Obama and the incoming Congress to look ahead. First, energy leaders asked Obama to immediately adjust the alternative-energy production credit to provide green investors with a cash rebate, rather than a tax reduction. With the economy tanking, simple tax credits - which Congress renewed in October and without which the renewable-energy industry would not survive - aren't the lure they once were for companies looking to invest in new energy projects...
...success for most retailers will be managing inventory and staff levels smartly--these are the few areas where stores can make significant adjustments. Because of the steady sales decline over the year, most shops had trimmed inventory levels at least 10%, conserving cash. Many stores have gone further, lowering inventory levels as much as 18%, says Cohen. That's nearing the danger zone. "If they cut any more, they won't have enough to even come close to making their number," he says. "They have to sell enough to pay the electric bill." Likewise, retailers are ratcheting down staffing. College...
...Beijing, the dividends from recycling are instant: hard cash for discarded cardboard, paper and plastic bottles, paid by the junk men who trawl the streets on tricycles each morning, yelling "Collecting scrap! Collecting scrap!" So fierce is the demand that a bag of trash rarely makes it to the curb before someone is poking through it in search of recyclables...