Word: prospect
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Capellas spent much of his first few weeks at the helm doing his best to convince WorldCom's anxious customers and employees that the company, whose revenue has fallen an estimated 15% to 20% in the past year, won't be disconnected anytime soon. Now, with the prospect of a possible fine of up to $9 billion on the horizon, he has to craft a viable reorganization plan for the largest corporate bankruptcy in U.S. history, involving $107 billion in assets. To generate real profit, he'll have to consider unloading its shrinking paging business and handing out even more...
...second spots are the project of Laurie David, wife of comedian Larry David, along with political pundit Arianna Huffington and others. The campaign, written and directed by the man behind the "Got Milk?" ads, is the latest of several attempts--many spurred by 9/11 and the prospect of a war in Iraq--to convince Americans that buying a car is a moral exercise. --By Rebecca Winters
Driving the oil rush are the prospect of higher prices and Washington's search for reliable oil suppliers outside the Middle East. European companies such as TotalFinaElf and Royal Dutch/Shell have long been players in the region but leading the new charge are U.S. giants ExxonMobil and ChevronTexaco and independents such as Amerada Hess, based in New York...
...change as early as next year. Lawmakers appear eager to reduce or eliminate the tax on dividends from common stock, and they may do the same for dividends from convertible and traditional preferred stock as well--though not for dividends from the new breed of fully taxable preferred. That prospect is driving up the prices of dividend-paying stocks...
...emphatically as we may bid “good riddance” to Harvard when we hit the pavement this week, it won’t be long before many of us are counting the days until we return. Idleness is a frightening prospect after months of over-stimulation, and our patience—not to mention our attention span—is even shorter than our break...