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...converting homes into rentals. "We're in the lending business," says Chase spokesman Tom Kelly. "We're not really equipped to be landlords." Lenders are sitting on nearly half a million repossessed houses nationwide, but getting rid of them quickly, even if that means taking a hit on price, seems to be the preferred response. A recent presentation by the head of Chase's retail-financial-services division showed that the company's servicing portfolio went from having about 52,000 repossessed homes in September 2008 to some 30,000 in September 2009. Over that period, the average price...
...Britain-based Center for Retail Research, which documented the findings in its annual Global Retail Theft Barometer. "In addition to the usual criminals, you have lots of newcomers to stealing who figure they don't run much risk at getting caught, won't pay much of a price if they are and justify their action on the hard times we're all facing...
...Cadbury is less so. The British firm's shareholders are thought to want at least $13.4 a share; many analysts think they should hold out for more. But in the absence of a rival bidder, Kraft's proposal - which still offers a premium of 26% over Cadbury's share price prior to the company's initial approach in September - may start to look more appetizing. After all, short-term investors have poured into Cadbury shares in recent weeks. Rather than see Kraft walk away, many will be hoping to cut a deal. (See the top 10 food trends...
...trespassing...and could go to jail,” said Craig S. Altemose, who coordinated the student-led campaign and is also a joint law and policy degree student at the Harvard Law School and the Harvard Kennedy School. “But it is a small price to pay for a stable climate that will last 50 to 70 generations if we do this right...
...obvious justification for the United States’s presence. No matter what Colombia says, or does, to placate his displeasure—short of submitting to his ludicrous demands—Colombia will be in danger as a country. And Colombian and Venezuelan lives will potentially pay the price...