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...flimsy plaster for a company that hemorrhaged ?8.3 billion last year and ?12.2 billion in this year's first half. Already, in the meeting that saw Bon's departure, FT voted to abandon MobilCom, which will likely throw the German cellular company into bankruptcy. But that was probably the easiest step in a restructuring that may need to reverse FT's entire strategy and hive off even the most prized possessions to cut debt. "I think they only have one material asset to sell outside the domestic business, and that's Orange," says Nomura analyst Mark James. The very idea...
...some respects this case is one of the easiest I've ever done," says Feinberg, 56. "There's a relatively finite number of claimants: 3,000, maybe 3,200. There's no causation problem here, not really. These people were injured or killed by traumatic injury--instantaneous. It's the emotion. The emotional proximity between this program and the event makes this an unprecedented, difficult assignment because people, understandably, see no reason to be reasonable. Why should they be? What happened to them was not reasonable...
Despite the Tour's unusual layout this year, which stacked the five mountain stages at the end, it was perhaps Armstrong's easiest Tour win, if easy can be applied to a grueling three-week event that took riders over 3,270 km of rolling valleys and vertiginous mountain peaks. With one-time winner and three-time runner-up Jan Ullrich of Germany sidelined with a knee injury and legendary Italian climber Marco Pantani under drug suspension, Armstrong had only one real challenger - Spanish climber Joseba Beloki of once, who finished 7:17 behind...
SPRIGGS: Businesses are biased toward cost cutting as a way of making profit margins, and that puts in a bias against adding new workers. We overestimate the ability to generate jobs in an environment where you make profit by cutting cost. The easiest cost to cut is labor cost: shutting down a plant with a couple of thousand workers...
...might as well get into the habit now. Smart Diversification still works It seems as if there's been nowhere to hide. In the U.S. and all the major European markets, stocks from blue chips to small caps are down. But it still goes without saying that the easiest way to avoid losing 80% or 90% on a single stock is to keep out of stock picking altogether. For most investors, mutual funds are safer and can still provide strong returns when the market comes back. You can also use funds to diversify farther afield, such as into South Korean...