Word: late
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...Temasek, a sovereign wealth fund in Singapore, when it invested in Merrill Lynch. It dumped $4.4 billion into Merrill last December at $48 per share, but a downside protection clause meant the firm would make money even if the stock plunged to $24. It did - and then some. By late last week, Merrill traded at just over $17 a share, increasing the pressure on CEO John Thain to do a deal. Over the weekend, he sold the firm to Bank of America in an all-stock transaction worth about $29 per share for Merrill shareholders - which means Temasek could walk...
...uneasy silence that had lasted to the present.What might the quarrel be? Neither appeared to be angry. They seemed to regard each other with a kind of helpless terror, which Roxanna optimistically interpreted as worry.She looked down at the paper in her hand:The StableFelicitous, my fate, of late, is not.I feel as though I’ve been most cruelly shot,By heartache’s arrow, so strong, and long, and hard.And now against whole ruin must I guard.I dream of stables wherein my heart will die,I cry, I cry, I cry, I cry.Roxanna required a moment...
...tough MIT squad at Zesiger Sports and Fitness Center last night, the Harvard men’s water polo team rallied for a 10-9 victory, pushing their record to 2-1. Despite trailing by a goal heading into the final quarter, the Crimson dug deep and capitalized on late scoring opportunities to hold off the Engineers (3-6). Sophomore Jeff Lee and senior captain David Tune notched critical goals in the final two minutes to give Harvard a 10-8 cushion, but MIT closed the gap to one with a few seconds left on the clock...
...contract when it expires because of what he says is unfair treatment from HUD. "We sign a contract to provide housing for people who otherwise wouldn't be housed by the private sector," he says. "HUD's job is to pay us for doing it, but they are consistently late on their payments." Costs and maintenance increases, furthermore, are not being met by HUD's formula, which Chaussee says is way behind market rate. He is now involved in a lawsuit against the agency. Chausee says he believes as more Section 8 contracts expire, more property owners will...
...Obama almost appears to be doing in his new 2-min. economy ad. In years past, candidates stayed on alert for an "October surprise" that could alter the race at the last minute. But in the brave new world of accelerated elections, any October surprise may come too late...