Word: debts
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...long-term consequences of such a merger will weigh heavily on the trust-board members since they must consider how it will affect their bottom line far into the future. Outbidding Kraft for Cadbury would force the company to take on a mountain of debt, analysts say, which could damage Hershey's strong credit rating. And raising that money could force the company to issue new stock, potentially diluting the control the trust enjoys...
...That they are even considering such a deal shows that the trust-board members are looking past the immediate debt implications to the distant future of Hershey, Howard said...
...Massive building projects funded by debt offerings was driving Dubai's economy, creating lot of opportunities for bankers. Many other banks followed Citi's lead. Citi reportedly built up a staff of 50 bankers in the area. But as things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun...
...growing group of Christians, the focus on the commercial aspect of Christmas is the greatest threat to one of Christianity's holiest days. "It's the shopping, the going into debt, the worrying that 'If I don't spend enough money, someone will think I don't love them,' " says Portland, Ore., pastor Rick McKinley. "Christians get all bent out of shape over the fact that someone didn't say 'Merry Christmas' when I walked into the store. But why are we expecting the store to tell our story? That's just ridiculous...
...California, where he lived in retirement. In the interim, the faith-healing evangelist saw his once enormous religious empire crumble and his son Richard resign as head of ORU in 2007 after allegations of financial malfeasance - a scandal that reportedly left the school with more than $50 million in debt. (Another son, Ronald, committed suicide amid drug rehabilitation in 1982.) (Read "Oral Roberts to the Rescue...