Word: profitability
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...modification, there is a concern that homeowners will be incentivized to do so. "They're saying to everyone out there, don't make your mortgage payment, be 90 days late, and then we'll help you," says Bruce Marks, CEO of the Neighborhood Assistance Corporate of America, a non-profit that works with servicers to modify mortgages...
...Circuit City was incredibly successful in the 1980s and 1990s, but they never changed after that," says David Schick, an analyst at Stifel Nicolaus. If it had adapted, it might have ended up like its chief rival, Best Buy, which in August reported both increased sales and a quarterly profit of $200 million. Instead, Circuit City reported a loss of $239 million in late September...
...risen from $3.25 per pound to over $4 in the course of three months. “Even though it only seems like 80 cents, that stuff adds up really, really quickly—a burger isn’t just the beef. We work on low margin of profit and economies of scale; we rely on selling a lot of sandwiches, so it has a huge impact on us.” Felipe’s owner Tom Brush also noted the extraordinary price spikes of everything from dairy to flour products in the past six months, but said...
...left her post as Chicago's city-planning commissioner to work for The Habitat Co., a for-profit real-estate firm, of which she is now President and CEO. In June, the Boston Globe ran a story on the firm's struggles, noting that city authorities had reassigned control of one of its housing complexes due to mismanagement...
...Just-A-Start Corporation, a Cambridge non-profit dedicated to developing and maintaining affordable housing while also arranging education and job training services for low-income residents, is facing substantial cuts to three of its programs—Youthbuild, Mediation for Results, and Biomedical Careers Training...