Word: leveler
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...Level 3 (LVLT), the broadband infrastructure company, has also been at the top of short selling lists for years. It has a float of close to one billion shares which makes taking a short position in the stock fairly easy. Average trading volume per day is 10 million shares. As of April 15, there were 122.9 million shares sold short, down 13% in two weeks. Level 3 has two factors that short sellers love. It has awful financial prospects and a volatile share price. At the end of the last quarter, Level 3 had $6.3 billion in debt and almost...
...troubled American automaker with a better shot at longevity. Though complete details on the UAW accord have not yet been released, the terms are likely to closely resemble Chrysler's new agreement with the Canadian Auto Workers, ratified over the weekend. The Canadian agreement cuts labor costs to the level paid by non-union plants run by Asian companies such as Toyota, or by $19 Canadian dollars per hour...
...Moving the world to pandemic phase 4 would be the signal for serious containment actions to be taken on the national and international level. Given that these actions would have major implications for the global economy, not to mention the effects of the public fear that would ensue, there is concern that the WHO may be considering politics along with science. "What the WHO did makes no sense," says Osterholm. "In a potential pandemic, you need to have the WHO be beyond question, and (April 25) was not a good day for them...
...impact in the life of families and our society is much lower than it was before decriminalization," says Joao Castel-Branco Goulao, Portugual's "drug czar" and president of the Institute on Drugs and Drug Addiction, adding that police are now able to re-focus on tracking much higher level dealers and larger quantities of drugs...
...three rounds. Having played the course in the championship last year, she had a few back-nine difficulties early but averaged only two bogeys for the next two rounds.“It was pretty familiar turf,” Balmert said. “Today, I was pretty level-headed and played consistent golf. I tried to make the course as easy as possible by staying out of trouble.”Cho, the newly-crowned Ivy League rookie of the year, took a more dramatic approach, accumulating 10 bogeys in her opening round.“For some...