Word: forfeiting
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Young was also impressive in his first collegiate tournament. In the quarterfinal, he defeated Columbia’s Dustin Tillman by medical forfeit in the first period...
Junior Chris Chiou was forced to forfeit his singles match on Sunday due to a sprained ankle, but he is most probably going to be able to compete next weekend...
...employees and pensioners, who may win back some of the ill-gotten spoils. In court documents, Kopper detailed the schemes that he says he ran with former CFO Andrew Fastow, schemes that cost the energy giant more than $1 billion. (Fastow has yet to respond.) Kopper also agreed to forfeit $12 million in illegal profits he earned, to be distributed to Enron victims. But those who lost big on Enron shouldn't celebrate yet. Responsibility for collecting the funds lies with the Securities and Exchange Commission (SEC), which was scolded by congressional investigators in July for failing to do what...
...poor growth prospects. Crucially, the package has the support of the main political parties set to contest October's elections in Brazil. Under its terms, Brazil must maintain a budget surplus of 3.75% of gdp: if the winner of the election does not meet that target, Brazil would forfeit most of the funds, 80% of which have been deferred until next year. Although financial markets and the Brazilian real reacted positively to the IMF's actions - and to the apparent about-face of the Bush Administration, which has long argued against bailouts - some analysts said this latest package undermines efforts...
...confronted in WorldCom the worst case of fraud in U.S. corporate history; today the bluest of chips, from Merck to General Electric, are being challenged about their bookkeeping. The perception of deception is so widespread, the stakes so high and the costs so great that investors are choosing to forfeit a game they now think is rigged. The markets skidded last week straight past their 9/11 lows into the most bearish forests in a generation. The dollar sank ever lower, and the Dow dropped through 9,000 toward a 7.4% loss for one week alone. Financial planners say many people...