Word: loss
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While the battle between Bank of America CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition...
...walked into Lavietes Pavillion on Saturday night to watch what would be a painful 77-71 Harvard loss, I was immediately thrown off balance by the rancid, unmistakable stench of douchebaggery. Nauseous, yet unable to stop sniffing the air for the source of this foul odor, my attention turned to the court. It was then that I identified the culprits as none other than the Tigers hoopsters...
...domestic economy in recession, a yen that is gaining strength, and evaporating sales, manufacturers that have long been considered best-in-class by consumers are reeling. Toyota, the world's No. 1 carmaker by sales and profitability, recently announced that it expects to post its first operating loss in seven decades for the fiscal year ending March...
...Indeed, quarterly results emanating from Japan Inc. last week sounded like a dirge: Honda lowered its profit forecast for the fourth time this year; Panasonic, the world's largest maker of consumer electronics, is slated to post a loss of at least $1 billion in its current fiscal year, its largest ever; and Toshiba, one of the world's largest producers of memory chips, and computer maker NEC Electronics also forecast big losses...
...years," he says, "it would have been because of a navigation error because the Casquets were far south of where the ship should have been. Since it obviously foundered in deep water, with a very experienced crew - it was almost certainly the construction of the ship that caused the loss...