Word: cashes
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...News. Such efforts may help it weather the economic storm without resorting to layoffs, even if it doesn't bring its stock price any closer to the November 2007 high of $732 per share. (It closed on Wednesday at $279.) And it's still got some $14 billion in cash reserves. So for now, at least, the free lunches are still...
...Detroit Three, in fact, may have to shrink to two. Chrysler, which burned through $3 billion in cash in its last quarter and has $6.1 billion left, is looking for more partners like Nissan, which is already contracted to build a small car for the company. Chrysler's owner - Cerberus Capital Management, a New York City private-equity firm - got a lemon when it bought 80% of the company from Daimler for $7.2 billion last year. A merger could...
Will the ECB begin to act more like the U.S. Federal Reserve and cut fast and deep? While it has flooded European markets with cash in recent months in an effort to revive the interbank lending market, it has not engaged in the purchase of assets from banks like the Fed. Trichet said the ECB has the power to do so, but is not showing his hand...
...government is currently bailing out to loan the money to the Big Three. As an alternative, Utah Senator Bob Bennett suggested Thursday that those banks getting money from the Treasury be required to convert any carmaker debt that they hold into equity, thereby easing the Big Three's cash crunch...
...running drugs.We followed Chiappini’s pre-track rituals: getting liquored up, praying to Anubis, the Egyptian dog-headed god, and burning several dollar bills to get used to the feeling of losing. There was no trouble getting new bills at the track because they have stacks of cash (that used to be other people’s).The first decision at the track was whether to go to the grandstand with its collection of broken souls or the clubhouse with its hoity-toity carpeting and exorbitant $1.50 admission fee. For a neophyte, a trip to the grandstand...