Word: loss
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Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs...
What is more stunning than the $2.9 billion loss for the car company's fiscal year is that it represents the first operating loss Nissan has had in 14 years, according to Reuters. Read "Nissan's CEO on the Auto Industry's Woes...
Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs...
What is more stunning than the $2.9 billion loss for the car company's fiscal year is that it represents the first operating loss Nissan has had in 14 years, according to Reuters. (Read "January Auto Sales Go from Bad to Worse...
...Tuesday, Treasury Secretary Timothy Geithner is expected to announce the administration's plans for the second half of the $700 billion bank bailout approved by Congress last fall. The centerpiece is likely to be a government-backed aggregator bank (the much-discussed "bad bank"), which will provide financing and loss protection for investors willing to buy the troubled assets sitting on bank balance sheets. Those delinquent loans, or the bonds tied to them, are dragging down the financial firms' value, putting some dangerously close to insolvency...