Word: corpe
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...carefully planned, prepackaged bankruptcy would still be troublesome, she says. Throwing 479,000 GM retirees onto the rolls of the Pension Benefit Guaranty Corp., for instance, could overwhelm it. And GM's agreement to fund the United Auto Workers' voluntary employee beneficiary association (VEBA) - thus getting a $50 billion unfunded liability off its books - might then be in jeopardy, as would the union's health benefits. The VEBA has already saved GM nearly $5 billion in the past quarter, and still greater benefits lie ahead...
...question that has been debated by parents, psychologists and media critics for years is whether such racy content has an adverse effect on young viewers. Now researchers at the Rand Corp. say they have documented for the first time how such exposure can influence teen pregnancy rates. They found that teens exposed to the most sexual content on TV are twice as likely as teens watching less of this material to become pregnant before they reach...
...deal worth $5 billion on the day it was announced; Timothy Gill of Denver, another tech multimillionaire; James Hormel of San Francisco, grandson of George, who founded the famous meat company; Jon Stryker of Kalamazoo, Mich., the billionaire grandson of the founder of medical-technology giant Stryker Corp.; and Henry van Ameringen, whose father Arnold Louis van Ameringen started a Manhattan-based import company that later became the mammoth International Flavors & Fragrances...
With less than a week of campaigning left, Democrat Barack Obama is holding stable or growing leads over Republican John McCain in Nevada, North Carolina and Ohio, according to a new set of TIME/CNN battleground-state polls conducted by Opinion Research Corp...
...keep a wave of business failures in the property sector from engulfing the larger domestic economy. Commercial and residential real estate markets in Japan are slumping, and with banks reluctant to lend, developers, contractors and other property companies are increasingly in peril. On Oct. 9, New City Residence Corp., a real estate investment trust, went bust, becoming the first REIT to fail since the trusts were allowed to sell stock to the public. "Property developers could face more bankruptcies if banks continue their severe attitude," says Masahiro Mochizuki, a REIT analyst at Credit Suisse in Tokyo. "And companies in other...