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...part of its effort to reorganize under Chapter 11 of the bankruptcy code, GM has named Al Koch, a partner in J. Alix & Associates, a Detroit-based turnaround firm, to serve as chief restructuring officer. Koch, who has served as the undertaker for dozens of other firms over the years, including Kmart, will be responsible for laying to rest what is already being quaintly referred to as the old GM and what will no doubt be a mountain of liabilities. (See pictures of GM factory-scapes...
Economist David Rosenberg earned his way onto Institutional Investor's All-America Research Team for the past four years by making smart market calls for clients at Merrill Lynch. Now the chief economist and strategist at Gluskin Sheff, a Toronto-based wealth-management firm, Rosenberg tells TIME contributing editor John Curran why he thinks this market rally is headed for trouble...
...recently revealed nuclear deterrent, constitutes a definite threat to the stability of East Asia and much of the Pacific Rim. And in May, Pyongyang followed up by detonating yet another nuclear bomb. We praised the Obama administration’s reaction to the missile test, and hoped that its firm but measured stance would help the denuclearization process to move forward on the Korean Peninsula.As we turned in our term papers and began to prepare for our final exams, we learned of a massive outbreak of influenza in Mexico, dubbed “swine flu” by the American...
...That same year, Falcone joined the securities firm Kidder, Peabody & Co. in the risky business of handling high-interest junk bonds...
...referendum was met with criticism from groups that it would have affected most, including the management consulting firm Arthur D. Little, American Scientific and Engineering, and Cambridge’s largest defense contracting firm, Charles Stark Draper Labs, which was conducting design work on nuclear weapons at the time. The vice president of Draper Labs...