Word: corpe
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...financial scandal. Enrollment plummeted from 3,000 to as low as 56, with just 161 students registered this semester. The school faces foreclosure on a building that is home to classrooms and an art gallery. And in a brand-new lawsuit, filed last week, General Electric Capital Corp. is seeking $382,000 plus legal fees for alleged missed payments on office equipment...
...part, the UAW has obliged in an effort to blunt demands for even greater concessions from General Motors Corp. and Chrysler LLC, which have accepted government loans. Traditionally, the UAW has had better relations with Ford than with GM or Chrysler...
Only the moratorium stands in the way. The history of the ban begins in 1977, when the Marline Uranium Corp., a subsidiary of the Marline Oil Co., began looking for the ore around the state. (The U.S. Geological Survey has concluded that vast swaths of the Piedmont, between the low-lying Tidewater to the east and the Blue Ridge to the west, potentially hold uranium.) In two years Marline had found the monster deposits in Pittsylvania. The discovery touched off a hunt for uranium statewide, alarming communities along the eastern slopes of the Blue Ridge that didn't want...
...bankruptcies are now all commonplace. But Europe's newspapers are struggling just the same. Investment guru (and owner of a big chunk of the Washington Post Co.) Warren Buffett saw this coming. In 2006, he explained the depressing law of newspaper gravity at a meeting of his Berkshire Hathaway Corp.: "Newspaper readers are heading into the cemetery, while nonnewspaper readers are just getting out of college. It's hard to make money buying a business that's in permanent decline." Here's how three of Europe's newspaper firms are trying to prove the sage of Omaha wrong...
...There are a number of clever ways that will mandate how the principal will be handled. According to Bloomberg, "Like earlier efforts from the Federal Deposit Insurance Corp. and housing industry groups, the new plan will make use of interest-rate reductions, loan extensions and so-called principal forbearance, in which part of a mortgage's principal is deferred to the end of the loan's term...