Word: convertibles
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...have been put on hold. In the past year, plaintiff and MIT President Emeritus Paul E. Gray said that the developers had altered their plans and that communication between the developers and URC has broken down. In a meeting with URC last November, the developers voiced their desire to convert the remaining condominiums into rentals, but has not met with the plaintiffs since, according to Gray. “Instead of coming out and saying, ‘look we’ve changed our mind,’they’ve ignored us since November...
...pointed out, private equity has no interest in stakes in troubled banks even at a steep discount to their current market values. To help improve banks' capital bases, the Administration will almost certainly have to take the money it has given and is about to give to banks, and convert it into common stock. That will crush current shareholders and it will create the problem of how taxpayers ever get paid back. (See 10 things to do with your money...
...restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock. As a result of this swap, the U.S government would become the majority shareholder of GM. The automaker also said that it is seeking an additional $11.6 billion in government loans...
...College administration is asking Eck and other Masters to convert the staff assistant position into a half-time job. As a result, one administrator may have to handle files from two Houses—which would require overseeing more than 700 student files in some cases, Eck said...
...Abdul-Basser wrote in a later e-mailed statement that he “never expressed the position that individuals who leave Islam or convert from Islam to another religion must be killed. I do not hold this opinion personally.” He explained that he was not advocating for the positions mentioned in his e-mail, but rather “addressing them in the context of the evolution of an Islamic legal doctrine...