Word: marteli
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Unlike Allston Landing, convenient to the Yard and HBS, there is a second large, contiguous patch of property—a busy shopping center with a Star Market, a K-Mart, and a Petco—deeper in Allston...
Louie’s Superette is technically a mini-mart/convenience store, yes, but it was excluded from this survey because it’s really only good for buying things that come in packs of six or cases...
Most states require large companies like K Mart to buy commercial surety bonds, which guarantee, among other things, worker's compensation payments to employees hurt on the job. During the roaring '90s, when risk wasn't a four-letter word, sureties were relatively inexpensive and were used for many purposes. But as the economy slowed, especially after Sept. 11, more and more companies defaulted, leaving insurers the bill...
Many insurers in December decided to reduce their exposure to the surety-bond market. That helped create a supply shortfall, and insurers asked credit-starved companies like K Mart and United Airlines to pony up cash collateral for their sureties--cash that K Mart did not have...
...Mart and Target have good credit--and no surety problems. While there is no indication that surety will tip another company into bankruptcy--as K Mart claims--their cost is rising and scarcity increasing...