Word: nov
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There is no mystery as to why the No. 2 electronics retailer in the U.S., Circuit City, filed for bankruptcy on Nov. 10. You could blame it on the bad economy or decreased consumer spending - which played no small role - but the real culprit is good old-fashioned bad management...
...business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on Monday. That's down from a peak of $30 in May 2006, and nearly $8 as recently as December 2007. By late afternoon on Nov. 10, a U.S. bankruptcy judge had granted the company permission to borrow up to $1.1 billion, which it will use to buy new inventory and pay workers. That should tide it over through the holidays. But its long-term outlook remains bleak...
...fight over gay marriage is not over in California, or anywhere else in the U.S. Street protests dragged into the weekend in Los Angeles and other Golden State cities, and legal challenges are already asking the California Supreme Court to overturn the Nov. 4 statewide vote on Proposition 8 that made same-sex marriage in California not only illegal but unconstitutional. On Sunday, gay-marriage supporters got an unexpected boost from Republican governor Arnold Schwarzenegger. The term-limited governor had always opposed the amendment but had not campaigned against it or come out in support of gay marriage. "They should...
...legal challenge endorsed by the governor is a suit filed by the ACLU and other groups who allege that the referendum that won on Nov. 4 with nearly 53% of the vote is invalid. "It would constitute a constitutional revision, not a constitutional amendment and, as such, the California Constitution provides that it may not be enacted by initiative," reads the request for an immediate stay to stop Proposition 8 from becoming law. In plainer language, what the suit says is that because the gay-marriage ban so fundamentally alters the state constitution by taking away a fundamental right from...
...results on Nov. 4 were negative for advocates of gay marriage outside California as well: citizens in Florida and Arizona also voted to make gay marriage unconstitutional. The vote was overwhelming in Florida, where voters favored Barack Obama in the presidential race but still decided 63% to 37% to make marriage available to heterosexual couples only. And in John McCain's home state of Arizona, voters reversed course just two years after defeating a similar, if more sweeping, ban on gay marriage...