Word: peakes
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...question now is whether Circuit City will go out of 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...
Professional alpine climber Micah Dash scaled a different kind of peak last night—Harvard’s ivory tower—to speak to students about his worldwide climbing adventures. Sponsored by the Harvard Mountaineering Club, Dash’s multimedia presentation in the Fong Auditorium featured a set of videos and a photo slideshow from his experiences, as well as a raffle of Mountain Hardware climbing gear. Mountaineering Club President Kevin F. Jones ’10 said the goal of the event was to “inspire members to think bigger and broader?...
...drawdown of troops is accelerating. The Pentagon announced Wednesday that a brigade of the 101st Airborne division will rotate out of Iraq before Christmas, as much as two months ahead of schedule, bringing the total number of combat brigades in Iraq down to 14 from its late 2007 peak of 20. But there is a limit to how quickly U.S. soldiers can depart the country while maintaining the current level of security. Although security has improved dramatically in many neighborhoods in Baghdad over the past year, the ability of the Iraqi security forces to act independently and effectively, while improved...
...this big a decline coming for October," he adds. "The financial crisis is now being fully felt on Main Street," he says. "Clearly we're in a very dire situation," notes DiGiovanni, who adds that the company's sales have fallen a third from their peak...
...Peak months for Army stop-loss extensions...