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...fiscal year, aided by sales of 13 million rereleased Beatles albums, EMI's record division is expected to make $312 million, with the publishing sector bringing in an additional $218 million. That will cover Terra Firma's interest bill of about $350 million. But it's not enough to keep Citigroup happy - the bank had agreed to lend the venture-capital firm $4.2 billion only if EMI could hit certain performance targets. As EMI's accounts dolefully note, there is a "significant shortfall" between the profit likely to be generated in 2010 and the target previously agreed upon...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...living as a tax exile on the island of Guernsey in the English Channel, needs to inject about $200 million into the business by the summer; otherwise, Citigroup gets the keys. His allies say he can raise the money from third-party investors, but that is only enough to keep EMI out of the bank's hands for 12 more months. What Hands really needs is a deal with Citigroup to slash EMI's debts. But like any good band in crisis, Hands and his onetime partners at Citigroup have fallen out. (See the top 10 albums...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...they emigrated to the lower reaches of the Mississippi River in the 1970s. Now they're knocking on the door of the Great Lakes, threatening to destroy one of the most valuable aquatic regions in the U.S., unless the often fractious Great Lakes states manage to pull together and keep them out. The situation is so serious that the White House convened an "Asian carp summit" on Monday to work out a defense plan. "If the carp invade the Great Lakes, it will change them forever," says Jennifer Nalbone, director of invasive species and navigation for the NGO Great Lakes...

Author: /time Magazine | Title: Asian Carp in the Great Lakes? This Means War! | 2/9/2010 | See Source »

...game tied at nine, Guruge kept her cool and smashed home a hit to end the first game, 11-9. The second game was also close, but Guruge still emerged victorious, 11-8. In the end, Ariffin just didn’t have enough in the tank to keep up with a resilient Guruge, as the Penn No. 2 player fell in the final game...

Author: By Brian A. Campos, CRIMSON STAFF WRITER | Title: Squash Clinches Share of Title With Sweep | 2/8/2010 | See Source »

...She’s a ball of energy,” Green said. “We’re fortunate to have two elite players on our team, Hideko and Holly [Cao]. Their energy rubs off on everyone else, and as long as we can keep them healthy, I think we’ll be a force to be reckoned with...

Author: By Eric L. Michel, CRIMSON STAFF WRITER | Title: Young Harvard Trounces Eagles | 2/8/2010 | See Source »

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