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...turned to Lewis for help. Thain called Lewis to offer him 10% of his firm. Lewis said he wanted it all. By the end of the weekend, the deal was done. Lewis was hailed as a hero for saving Merrill on the same morning that Lehman was forced to file for bankruptcy. (See the top 10 bankruptcies...
...legacy of these Roman rites lingered for centuries in Europe. Every Easter in medieval Venice - the seat of what was then a powerful Mediterranean empire - regiments of soldiers, dignitaries and the clergy would file past the city's famous Basilica de San Marco toward the docks to watch Venice's ruler, the Doge, board a vessel, sail into the harbor and drop a gold ring into the waters. This very public act symbolized Venice's divine marriage to the Adriatic Sea, the key to its Doge's wealth and power...
MARY MCCURNIN, a Rancho Cordova, Calif., woman, on her decision to file for a divorce in order to reap financial benefits. By getting the divorce, McCurnin, who is happily married to husband Ron Bednar, becomes eligible to receive the Social Security payments owed to her deceased first husband...
...Prime Minister, Yukio Hatoyama, said "public support may become necessary" for JAL and that he wants to finalize restructuring plans for the company "as soon as possible," on the sidelines of the G-20 meeting in Pittsburgh. Government officials "definitely don't want Japan's flagship carrier to file for Japan's equivalent of Chapter 11," says Janet Lewis, senior analyst at Macquarie Capital Securities. "Recently, no major [company] in Japan has been allowed to fail...
Increased bandwidth use is good for the public, but it’s a headache for Internet providers. Because most broadband services offer their customers unlimited bandwidth, there is no incentive for users to shy away from file-sharing, Skyping, and other bandwidth-hogging behavior. To continue offering unlimited access at the same speed, ISPs must find ways to either expand their capacity or discourage high bandwidth use. One of the solutions has been to decrease the download speeds of customers trying to use high-bandwith websites. Last year, the FCC chastised Comcast for deliberately slowing down BitTorrent, a file...