Word: losses
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Dates: during 2000-2009
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...Even worse, in the eyes of Obama's task force, is that GM was immodest in its assumptions. For instance, GM had forecast a market-share loss of 0.3% per year until 2014. The task force noted that GM has been losing market share at a rate of 0.7% per year for the past 30 years - and GM was planning to drop brands and nameplates. The task force had no reason to think that GM could gain share, and its sales rate proved that point. Industry-wide, March auto sales were down 40% on a seasonally adjusted basis...
...month AIG said it had paid out about $50 billion to various financial firms to which it had sold credit-default swaps, which are insurance contracts sold to bond investors and others. When a bond defaults, a holder of a CDS has the right to be reimbursed for the loss by the seller of the contract. AIG was one of the largest sellers of such contracts. Much of the credit insurance AIG sold was on mortgage bonds, which are backed by home loans. As more and more homeowners defaulted, many of those bonds plummeted in value, causing the holders...
...tears in their eyes." Civil Aviation Minister Praful Patel said he told Goyal that "the ministry would certainly not be very happy with the approach of Jet Airways." Something similar happened in France last month when the French oil company Total announced the closure of two refineries, with the loss of 550 jobs. The move provoked a furious public outcry including denunciations from two government ministers, and the firm quickly backtracked, saying it had been a "communication error." For companies receiving government bailout money, the pressure is even more intense: French President Nicolas Sarkozy has told Renault and Peugeot that...
...have already missed out on two houses because they didn't bid fast enough. "Now it's every man for himself," Kurt says. "You have to play fair, put in a decent price." And then, just maybe, there will be rewards for the patient and prudent. "Someone else's loss," he says, "is another's blessing...
...issues as a halt to the construction of illegal Jewish settlements and the removal of more than 550 army checkpoints in the West Bank, which are paralyzing the movement of Palestinians. These sources told TIME that Abbas - who not only confronts a new, hawkish Israeli government but also the loss of the Gaza Strip to Islamic militants Hamas - confided to aides that he may resign over his frustrations with Israel. "The only hope which keeps Abbas breathing politically is that Obama may seriously pressure Israel to start negotiating for a two-state solution," a senior aide said...