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What's more, many of the banks getting money now appear to be in fine financial shape. U.S. Century Bank, for example, boosted its net interest earnings, a key measure of profitability for banks, nearly 20%, to $12.6 million, in the second quarter of this year. Yet in early August the government decided to send the bank $50.2 million in TARP funds. U.S. Century executives say they plan to use the money to increase lending and boost profits. "The banks that are getting the TARP money now really don't need it," says Steve Verdier, who heads government affairs...
...past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented during the recession, he says, will help the casinos turn bigger profits amid the recovery. "Once you see revenue recover, you'll see earnings rebound even...
...Read "British Net Firms in Music Piracy Deal...
...into good offense. So far we’ve seen really good results,” he said.In fact, Harvard’s defense has given up only two goals in five games, while the offense has scored an impressive 15 goals on its opponents. This eye for the net ranks the Crimson third in the nation in goals scored.Today’s matchup against the Wildcats will be a great opportunity for Harvard to continue its momentum going into Saturday’s highly-anticipated game. In two of the past three meetings between the teams...
Finding herself with the ball and no one to beat but the netminder, the all-Ivy junior forward knew exactly what to do. She blasted a shot high into the net over Mastroianni, getting the Crimson back into the match...