Word: loaning
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RECOVERING. LES PAUL, 80, musician and father of the electric guitar; after collapsing while preparing to travel to a Nashville birthday concert; in Mahwah, New Jersey. OUSTED. G. KIRK RAAB, 59, president and ceo of biotech giant Genentech; following the revelation that he had requested a personal $2 million loan guarantee from Roche Holding Ltd. while negotiating a merger with the firm; in San Francisco. During Raab's five years at Genentech, the company's revenues nearly doubled. But shareholders have been growing restive over earnings and the terms of the Roche deal. Thus the board may have been looking...
...economic output of $77 billion is about the same as Greece's. According to a study, the proposed sales-tax increase of a half-cent per dollar would have cost the average resident only $50 a year while reaping $140 million in tax revenue, enough to procure a new loan to cover the county's maturing obligations...
...point today, in hope that easing borrowing costs might prevent the U.S. from slipping into recession. "They did the bare minimum they could to tell the markets they were concerned," saysTIME's Suneel Ratan. It seems to be working: while at least two major banks reduced their consumer loan rates to 8.75 percent, the Dow Jones Industrial Average surged more than 48 points to close at another record 4,664. But Ratan notes that the markets were counting on the move: "Ordinarily, the impact of Fed cuts is not felt for 16 to 18 months.But longterm interest rates have dropped...
...cross was returned to Louisbourg on Permanent loan during a ceremony held Wednesday at the Charlestown Navy Yard...
Following through on a peripheral investigation, Whitewater independent counsel Kenneth Starr obtained a federal indictment against Arkansas Governor Jim Guy Tucker, accusing him of submitting a false loan application and of conspiring to defraud the irs in connection with a complex cable-TV deal. Tucker denied any wrongdoing. In a separate development, the counsel obtained a guilty plea from Stephen Smith, a former Clinton gubernatorial aide, for conspiring to misapply loan funds. Neither the Tucker charges nor the Smith plea implicate either the President or Hillary Rodham Clinton...