Word: junks
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...siren call, whole hours can go missing. I have a friend who recently found herself stuck on a cruise ship near Panama that didn't offer e-mail, so she chartered a helicopter to take her to the nearest Internet cafe. There was nothing in her queue but junk mail and other spam, but she thought the trip was worth...
...STEP 1: ADMIT YOU HAVE A PROBLEM. Mark Ellwood, author of Cut the Glut of E-Mail, calculates that white-collar workers waste an average of three hours a week just on sorting through junk mail. If you spend any more than that, you had better read...
...this beer It's Miller time for South African Breweries, which will buy the U.S. beer giant for $5.6 billion. The deal creates the world's second-largest brewer. On the road again Italian banks agreed to help refinance Fiat's chronic 16.6 billion debt to keep it from junk status. But Fiat's problems continue, and the controlling Agnelli family admitted it may need to sell the auto division. The Norse force Norway's largest bank, Den Norske Banke, agreed to buy the country's top insurer, Storebrand, for $1.96 billion in cash and stock. The deal should help...
Further up the risk spectrum, junk bonds can be an attractive option for picking up some income. The worst news on bankruptcies and defaults is already factored into junk-bond yields of 11% or more on many funds, which are the best way to invest here. But stay away from those laden with still troubled telecom bonds. Two quality junk-bond funds are Northeast Investors Trust and Pimco High Yield...
...recent weeks as New York attorney general Eliot Spitzer went public with private e-mails he had subpoenaed from Merrill Lynch. Those messages told a story very different from the one Merrill was telling its chumps, er, brokerage clients. Several analysts privately described as "horrible," "a piece of junk" and a "powder keg" stocks that they had publicly urged investors to buy--under pressure to help Merrill win investment-banking business from the firms behind those stocks...