Word: profiteering
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...answer is that it didn't die. It was killed by its owners in a high-stakes gamble to try to create a new and more profitable enterprise. (In the past nine years, the paper lost more than half its classified-ad pages.) The Ann Arbor News ceased to exist on July 23. On July 24, AnnArbor.com was launched. The new website has a paper version - also called, oddly, AnnArbor.com - that comes out on Thursdays and Sundays. The News's owner, Advance Publications, is betting it can rebrand the 175-year-old News as a Web publication, turn a profit...
...until the bank becomes so fed up that it's willing to let the owner sell the house at a huge loss rather than dragging everyone through foreclosure. Since that takes about nine months, many of the owners even rent out their old house in the interim, pocketing a profit. (See pictures of modernist houses available for rent...
...need to do something quick. He made the announcement while discussing News Corp.'s dire year-end results: his empire took a stinging $203 million loss in the fourth quarter, and operating income was down 30% for the year. All in all, the company swung from a $5.34 billion profit the year before to a $3.38 billion loss in the fiscal year that just ended. Murdoch cares little for Wall Street, but he knows his investors need to have confidence that he's on his game. The switch to a pay model smacks of virility and aggression, the Murdoch...
...these traders who cryptically buy and sell oil contracts for pure profit, without supplying it or using it? Most people immediately think they're hedge funds but forget about the investment banks. Then again, you don't have to be a hedge fund or an investment bank to be an oil speculator. Be forewarned, though: trading oil futures is not like trading stocks and bonds. It's not for the ordinary investor. It's a wild ride. If you're willing to take the risk, here's how you might go about...
Finally, are you ready to monitor the oil market 24/7 - to be peeking at your monitor even while kissing your spouse - and are you well stocked with ulcer medications? Yes, it is that easy. Now for the hard part: profit...