Word: foundering
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...like to say that we're getting beachfront property at trailer-park prices," says A.J. Khubani, founder and CEO of TeleBrands, another popular purveyor of infomercialesque merchandise. He says his company is buying better time slots for nearly 25% less than it paid in 2007. Commercials for TeleBrands products, which include nail clippers for pets (PediPaws), now appear during The O'Reilly Factor, the most popular show on Fox News...
...study emphasizes Harvard’s role as a benefactor to its local community in times of financial crisis. The University commissioned the 18-page report as an update to a similar 2004 study, said the report’s author Hugh O’Neill, founder and president of Appleseed, a New York consulting firm...
...extent of the fraud is still unfolding. Investigators currently suspect that Satyam's founder and chairman, B. Ramalinga Raju, skimmed as much as $1 billion from the company. Raju, who has been arrested, admitted that he falsified Satyam's books and that profits were fictitious for several years. The company's true financial condition will not be known until new auditors KPMG and Deloitte are able to review accounts, which is expected to take four to six months. Even the exact number of Satyam employees is said to be inflated. Although Satyam claims to have 53,000 people...
...that the geese were sucked into the plane's two jet engines, causing immediate engine failure shortly after takeoff from New York City's La Guardia Airport. The aircraft, an Airbus A320, has engines designed to handle damage from birds weighing up to 4 lb., according to Todd Curtis, founder of AirSafe.com and an aviation-safety expert. Canada geese - the suspected culprits - weigh an average of 10 lb. More than 219 people have been killed worldwide as a result of wildlife collisions since 1988, according to the volunteer organization Bird Strike Committee...
What are called "bird and wildlife strikes" have caused hundreds of millions of dollars in damage to U.S. civil and military aviation over the years, as well as loss of life. Says Todd Curtis, founder of Airsafe.com and an expert in aviation service: "The risk is real. Birds are a threat every day, but only on rare occasion do you have them causing a crash." He explains that an Airbus A320, the type of plane involved in the crash, has an engine designed to sustain damage from up to a 4-lb. bird. "The real hazard is if you have...