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...with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines Corp., Japan Airlines International and JAL Capital made history today as what is perhaps Japan's largest nonfinancial corporate failure. With a long record of unprofitable earnings, the airline has taken a hit from weak travel demand after SARS and H1N1, fuel surcharges and the global recession...
...more than $3.5 billion. Key measures of the restructuring plan include cutting more than 15,000 jobs, or about 30% of its workforce, by the end of 2013, paring down to about half of its 110 group firms, and slashing unprofitable international and domestic routes. JAL's shares - which hit an all-time low of 3 yen Tuesday afternoon from a high of 213 last March - will also be delisted from the Tokyo Stock Exchange. Kazuo Inamori, founder of technology company Kyocera, is expected to take over from JAL's president Haruka Nishimatsu, who resigned on Tuesday...
...what worries Democrats even more are the indications that what has hit Coakley is the leading edge of a national tide. Her difficulties stem from the fact that independents and more-conservative Democrats are moving to Brown in droves. "I know that people are frustrated," she said at a Martin Luther King Jr. birthday breakfast on Monday. "They're angry." (See pictures from the health care debate...
Many South Floridians, meanwhile, are hoping the Rothstein tragedy will wake the state up before it becomes a tropical Illinois. Sensing the growing outrage, Crist last month won approval to empower a special statewide grand jury focused on public corruption. Fort Lauderdale has been especially hard-hit recently by major scandals involving figures from sheriffs to school-board members. "I love Fort Lauderdale," Scherer says. "It's the biggest small town in America. But it's still got to learn that all that glitters is not gold." And that wannabes who glitter are often big trouble...
...cream jars, including a quantity of sodium cyanide. Prosecutors say that the following day, as a contingent of U.S. soldiers and FBI agents prepared to question her at a nearby police station, Siddiqui grabbed an unsecured M-4 automatic rifle from one of the soldiers and opened fire. She hit no one but was herself shot twice in the abdomen by a U.S. warrant officer...