Word: cashes
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...enough, out comes the scalpel. Having laid off tens of thousands of workers, corporations and small businesses are looking for new fat to trim. In September, 2,269 companies had mass layoffs, according to Sirota Survey Intelligence, each affecting 50 or more employees. But many companies are still bleeding cash and desperately searching for novel ways to eke out savings...
...months, General Motors had been telling everyone who would listen that bankruptcy was not an option. It had a $30 billion cash pile and plans to restructure the company as the economy rebounded and 2007 U.S. auto sales topped 16 million units...
Christabel Lee was 12 years old and had just saved up $90 for a new bicycle when her wallet disappeared with all her cash in it. She asked her parents if they would buy the bike for her, but they refused. It's not that they couldn't afford to help. Lee's father is vice chairman of a major Hong Kong conglomerate; her family is rich. Lee, now 36 and the managing director of a printing company, remembers crying about the injustice of it all. But today, she recognizes that she gleaned a valuable lesson from the incident: money...
...Managers are getting squeezed on all sides. As investors pull out, hedge funds are being forced to raise cash to meet redemptions by liquidating their holdings. In addition, highly leveraged funds are being forced by their bankers to come up with more collateral as the value of their holdings falls, forcing managers to sell more shares to raise more cash. It's a vicious circle: funds are rushing to sell the same illiquid securities, driving stock prices down and triggering new waves of selling. This mass deleveraging by the industry has been cited as one of the causes of recent...
...government is also keeping a close eye on the country's banks. Though heavily exposed to the domestic property market, they haven't yet needed the kind of cash injections seen elsewhere in Europe and the U.S. But with credit markets freezing over, the government has guaranteed deposits and debts for a handful of big lenders, amounting to well over $500 billion in liabilities, more than twice the country's GDP. The next step will be to ensure credit gets to Ireland's good-quality businesses over the next year or two, says Davy's White. On Grafton Street, Weir...