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...post another huge loss. "Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate." The financial channel also reports that the need for capital may be so great that AIG might have to enter Chapter 11, something the government has spent over $130 billion trying to prevent. (See pictures of the Top 10 scared traders...
...relationship between Harvard University Dining Services and Harvard students is rarely free of problems. Think dining hours, the nutritional information cards, and the endless varieties of squash. But Ted A. Meyer, the executive director of HUDS, wants you to know something: they’re listening. Enter the HUDS Web site. The Web site’s feedback page is the newest way for HUDS to stay in touch with students, joining established means like comment cards and surveys. “There’s no one method of preferred communication,” Meyer says...
...Bear Stearns to Morgan Stanley, he said. “Half these firms don’t exist anymore—the offer letters I have now are historical documents.” Delle’s plight is hardly unique. This year, hundreds of Harvard students hoping to enter the finance industry are facing the most difficult career and internship marketplace in decades, as the firms remaining on Wall St. are shrinking their workforce and turning away even the most qualified applicants. Signs of the new crunch are not hard to come by, especially for young job-hunters immersed...
...Miles for Tips. American Airlines' "Share a Trip, Win a Trip" contest gives you a chance at 275,000 AAdvantage miles, which the airline says is enough for two first-class tickets almost anywhere it flies. Enter online by writing about your favorite thing to do or see anywhere around the globe - the deadline is March 15 - then wait to hear whether you've won. (Ten second-place winners will get 1,000 frequent flyer miles each.) Prizes will be announced April...
Double Down. Best Western is offering its Rewards members double points if they stay at least two nights at any of the chain's locations between now and April 5 and register for the promotion online. Registering will also automatically enter you into a sweepstakes for a million-point grand prize, redeemable for gas cards, meals, airline tickets, or natch, nights at the chain. Booking your rooms online earns you another 250 bonus points, so you'll get something, even if you don't win the big prize...