Word: mcdonald
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Bank analyst John McDonald of Wall Street firm Bernstein Research says most people are focused on how the lack of loans will hurt bank earnings. Lending is, after all, how banks make money. But in the past year or so, banks have had to sock away more and more cash into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom...
...would assist on Cahow’s second tally in the second period, but the middle frame also showcased Harvard’s three current all-stars—co-captain Cori Bassett, senior Anna McDonald, and junior Kate Buesser...
Bassett, a defenseman, assisted on Yale forward Bray Ketchum’s goal just past the midpoint of the game. And three minutes later, Buesser dished the puck to McDonald, who beat her former Boston College teammate, Molly Schaus, to cut the deficit...
...squad now heads back to the Midwest for its final string of tune-up games before the Winter Olympics open in Vancouver on Feb. 12. Bassett, McDonald and Buesser will return to the Crimson as the team prepares for a weekend set with Princeton and Quinnipiac...
...third quarter, and sales in company owned stores rose almost 7% during the first 27 days of the third quarter (sales in franchise stores rose 6.3%). "For us, the recession has been the best of times," says Panera founder, chairman and CEO Ron Shaich. In an environment where even McDonald's, once a recession superstar, is reporting negative same-store sales (down 0.6% in November), Panera's continued growth stands out. "I've never seem restaurants this competitive," says Bob Derrington, an analyst at Morgan Keegan and a 30-year veteran of the industry. "It's a flea market...