Word: late
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...after that," says David Schick, an analyst at Stifel Nicolaus. If it had adapted, it might have ended up like its chief rival, Best Buy, which in August reported both increased sales and a quarterly profit of $200 million. Instead, Circuit City reported a loss of $239 million in late September...
...will go out of business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on Monday. That's down from a peak of $30 in May 2006, and nearly $8 as recently as December 2007. By late afternoon on Nov. 10, a U.S. bankruptcy judge had granted the company permission to borrow up to $1.1 billion, which it will use to buy new inventory and pay workers. That should tide it over through the holidays. But its long-term outlook remains bleak...
...silver lining - for consumers anyway - may be discounted goods at the 155 outlets that the chain announced late last week it would close. JPMorgan's Christopher Horvers reported flush inventory and 10% off everything from TVs to notebook computers. Good luck finding a salesperson...
...those who derive their livelihood from poking fun at power quail when they ponder the next four years. “You have to wait for all the dust to settle and look for patterns and things to joke about,” said the head writer of Late Night with Conan O’Brien, when asked about his plans for making fun of the President-Elect. Regardless of your political leanings, the prospect of spending four years trying to lampoon a President whose response to “Boxers or briefs...
...their proposal to increase the time awarded students for travel between classes—assuming, of course, that someone bothers to create more courses that actually count toward General Education. “Harvard time”—the colloquial name given our unofficial seven-minute lateness-amnesty window—is a venerable institution here. We question, then, why would anyone deign change it? Are students truly so sluggish that seven minutes is an insufficient ambulatory period? We are rarely late to our classes. Perhaps it’s because our bodies are in peak physical condition...