Word: profit
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
People now know that this crisis was years in the making. Stocks kept climbing because executives kept finding creative new ways to hide the truth and fake a profit, to pretend they were investing money rather than just spending it. The revelations make for some dark magic now. When $2 billion disappears from Xerox's revenues, $4 billion from WorldCom's, it makes people feel poorer even if they personally lost nothing. The markets now look as if they could manage their third straight year of losses, for the first time since World War II, even though the economy grew...
Bush always came out of his business deals whole. He parlayed his Harken money into a piece of the Texas Rangers, which he later sold for a $15 million profit. But his political account has taken a loss. "His whole persona has been, 'I'm a straight shooter,'" says Steve Elmendorf, chief of staff to House minority leader Dick Gephardt. "He's not looking like such a straight shooter...
...BUSH AND CHENEY DID While BUSH was on Harken Energy's board of directors and a member of its audit committee, the company hid losses by selling a subsidiary to itself. Harken officers bought Aloha Petroleum with a loan from the company. Harken labeled the sale a $7.9 million profit, shrinking its losses to just $3.3 million for the year. The SEC forced the company to restate its losses to $12.6 million...
...recently gripped Belfast. A year ago, three suspected I.R.A. activists were arrested in Colombia after reportedly sharing their talents for urban terrorism with left-wing guerrillas there. All this makes Ulster's pro-British unionists fear that republicans could return to full-scale violence if they thought it would profit their cause. Growing unionist disquiet about the I.R.A.'s true aims has led British Prime Minister Tony Blair to prepare a warning for the I.R.A. and other armed groups this week. O'Neill's apology was a clever way of heading off some of that pressure, and some...
Five Harvard professors have accepted inaugural fellowships from the European Corporate Governance Insitute (ECGI), a Brussels-based non-profit international association, the institute announced Tuesday...