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...toward achieving its stated objectives. To be fair, about C$40 billion has been spent to date, but Canadian banks are just sitting on the new cash like the proverbial goose. "There is no evidence of more credit becoming available," says analyst Michael Goldberg with Toronto-based Desjardins Securities Inc. "In fact loan growth in the economy is slowing...
...Nakagawa's resignation leaves can't help an already dismal outlook for the Japanese economy. This week's figures show that Japan's economy contracted last quarter at an annualized rate of nearly 13%, exports were down nearly 14%, and that more layoffs are on the books for Japan Inc. But economists and experts predict the ramifications of Nakagawa's resignation won't be economic, but political. In a recent poll, Aso's support rate was 9.7% and many say he is teetering on losing control of the Liberal Democratic Party. "[The economy isn't] going to be better...
...after losing $1.2 billion in the first three quarters of 2008 - the financial foundation of the sport is at risk. In fact, four weaker-performing teams in the Sprint Cup Series merged to try to cut costs and stay competitive: Gillett Evernham Motorsports absorbed Petty Enterprises, and Dale Earnhardt Inc. joined up with Chip Ganassi Racing with Felix Sabates. "The problem you have with NASCAR is kind of like you have in professional baseball," says Sabates. "You have three or four teams that have all the money and can buy all the talent and have all the sponsors." As sponsor...
...television deal with Fox, ESPN/ABC and TNT. The steady TV revenue can help cushion sponsorship losses. NASCAR is still the second highest rated regular-season sport on television. Plus, the sport has even signed up some new partners, like Ask.com and O'Reilly Auto Parts. Companies such as Mars Inc. and DuPont renewed their deals. And still others want to get into the game. During the recent NASCAR media tour, France noted that 15 new teams had submitted chassis for approval...
...very small percentage of [Facebook’s] valuation and therefore could be argued by Facebook to be a payment based on considerations other than the merits of the claims.” According to recent estimates by the Web site Silicon Alley Insider, Facebook, Inc. was valued at $4 billion. Harvard Law School Professor Phillip R. Malone ’81, the director of HLS’s Cyberlaw Clinic at the Berkman Center, said that the settlement was smaller than ConnectU may be entitled to should their claims be true. He said parties often consider more than...