Word: fruited
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...Fruit confirms that the bill is expected to deliver a quick $25 million to $50 million to the bottom line, adding to savings achieved after moving some 17,000 of its U.S.-based jobs, mostly to the low-wage Caribbean Basin, and reincorporating in the tax haven Cayman Islands. The job cuts were spread across the South, especially Kentucky, where earlier in this decade Fruit was one of the largest employers. "They are trying to win in Washington what they've been unable to achieve in the marketplace," says Charles Lewis, executive director of the Center for Public Integrity...
Dire is right. After a major inventory snafu, Fruit's financial elastic stretched again last month, when it had to make a $45 million interest payment on accumulated debt of $1.3 billion. Its stock, traded at $48 a few years ago, now sells for less than $4. The board, its confidence in Farley shaken, managed to shunt him into the role of nonexecutive chairman in August, and the company is searching for a new CEO. Farley retains a role in large measure because he still controls 28.5% of Fruit's voting shares. He has also arranged for the company...
...Fruit of the Loom's favorite trade bill has led to a rare split between Kentucky's two conservative Republican Senators. While McConnell is expected to support the tariff cut, his colleague Jim Bunning has no intention of backing the measure. Asks Bunning: "How many more jobs do we have to lose until we wake up and smell the Caribbean coffee...
...better that I'd be really shocked if there was a [health danger] that we didn't know about," she says. "It's more healthy than I would eat if I were left to my own choices. In that case, I probably wouldn't be eating a salad or fruit...
Hackers like an easy target, and computers hooked up to cable modems are potentially the lowest-hanging fruit of all. Especially if they're running Windows. For reasons known only to itself, Microsoft makes its operating system default to friendly mode, entirely open to network sharing. This means when you hook your brand-new PC up to your brand-new cable modem, you unwittingly become a node on a massive network whose members can come and look around your hard drive, perhaps download your financial records...