Word: firmnesses
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...July 15, one of the nation's largest lenders to small businesses, CIT, said the government was unlikely to save it from bankruptcy. The company could still find a private investor to swoop in and rescue the firm. By some estimates, CIT has to find as much as $6 billion in new capital - and fast - to keep the lights on, and in this economy, most investors are betting that's not likely. CIT shares have fallen 90% this year, and traded around 40 cents on Thursday. A bankruptcy, some say, could come before the weekend. And that has many people...
...watch. The biggest areas of concern were for the insurers that hold a large amount of CIT debt and retailers, which rely heavily on the type of short-term lending that CIT provides. The consensus was that CIT's failure alone was not likely to bring down any other firm...
...said it was told there was evidence Murray may have administered Diprivan to Jackson. It was Murray who found Jackson in cardiac distress and administered CPR before calling 911 for assistance on June 25, the day the entertainer died. When contacted by TIME, Miranda Sevcik, spokeswoman for the law firm representing Murray, said that they would not be commenting on the numerous rumors, innuendo or unnamed sources at the request of LAPD investigators. (See pictures of Jackson's final days...
According to various accounts of the White House meeting, Obama was gentle but firm in rejecting requests to refrain from publicly expressing his differences with Israel's leaders. When it was suggested by one participant in the meeting that the past eight years had demonstrated that the best chance for peace came when there was no daylight between the U.S. and Israeli positions, Obama pushed back, noting that the close ties between the Bush Administration and the governments of Ariel Sharon and Ehud Olmert had in fact produced no significant progress toward peace. (See pictures of 60 years of Israel...
...Worthless is precisely what the entire New Fabris plant will be become, warn the firm's 336 former employees, if their demands aren't met by July 31. Dozens of gas canisters have been strung around the factory in the central town of Châtellerault, and fears are rising that, with nothing to lose, the thwarted workers might actually explode them. "If we don't get what we're asking for, there will be nothing left of the factory for them to recover," say Guy Eyermann, a New Fabris staffer and delegate of the General Confederation of Labor union...