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...long way off. Stocks, after trying mightily to find their footing in a week of decent economic numbers and unsurprisingly dismal earnings news, stumbled anew on Friday. And if you think the Fed?s 25 basis points wasn?t discounted about a month ago, well, go ahead and load up on equities before 2:15 p.m. Tuesday. See where it gets...
...Along with bailing out of airline partnerships, Swissair has been selling non-core assets in hopes of lightening its debt load. Swissair ended its 10% stake in Austrian Airlines and sold its hotel division Swiss?tel to the Raffles group for $247 million. Corti said he expects to raise a further $1 billion by selling aircraft and leasing them back. But he also noted that the debt had fallen just slightly, so it was still around $4.4 billion at the end of June (its equity in December was only about $720 million...
...sale of their factories to EMS companies is especially appealing. "We used to have to fight and plead for companies to divest assets to us," says Dave Fargnoli, a director of finance at Flextronics. "Now we're in the driver's seat because they are rushing to off-load them." Marks, a salesman to the bone, tells potential customers: "You can be a market-leading company and not make a single thing." Why not, he adds with a grin, let Flextronics make your products for you? "The venture-capital guys won't even give you money for a factory these...
...Just get a load of the cover: a trompe l'oeil reproduction of an old-fashioned radio with the title all but hidden as a manufacturing label. Not your usual comix cover. Flipping it open you expect to find a catalogue of radio parts, but instead get sucked in by the new-old-fashioned penwork of Matt Kindt. He relies on just a few, expressive strokes and flat blocks of black ink to create the art deco world of "Pistolwhip." Nearly abstract slashes and squiggles organize themselves into characters and place, often seen from wild points of view. One panel...
...meantime, she's considering improving her L.A. digs. "There's this whole fallacy that because you're in the movies, you make a load of money," Witherspoon says. "You really don't." Maybe not yet. But after Blonde opened big, she said to her husband, "Ryan, this might be it. We might finally get air-conditioning." And, one imagines, a whole lot more...