Word: quarterly
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...insurance companies, mortgage holders, credit-card issuers and now carmakers. GM has no doubts about it. "Immediate federal funding is essential in order for the U.S. automotive industry to weather this downturn," GM president Fritz Henderson admitted to investors during a conference call in which GM announced a third-quarter loss of $2.5 billion...
...agreement to fund the United Auto Workers' voluntary employee beneficiary association (VEBA) - thus getting a $50 billion unfunded liability off its books - might then be in jeopardy, as would the union's health benefits. The VEBA has already saved GM nearly $5 billion in the past quarter, and still greater benefits lie ahead...
...applied for funds but has not yet been approved, has also been hard hit by the real estate downturn. The bank, based in Columbus, Ga., with 34 branches and 440 ATMs in Georgia, Alabama, South Carolina, Florida and Tennessee, had a loss of $40 million in the third quarter. Synovus made $135 million in the same quarter a year ago. Its shares have fallen 40% in the past year, to a recent...
...size since 2002, to around 8,000 total funds last year, the industry is on the brink of a brutal contraction as customers - rich investors, university endowments and pensions funds that make up the bulk of hedge funds' clientele - rush to withdraw their investments. Some analysts predict that a quarter of all hedge funds could fold by the end of the year. Stephen Brown, an economist at New York University's Stern School of Business, says the final toll could be much higher. "I'd say 50% of funds will close," he says. Factor in likely new government regulation...
...real life, hundreds of people would have died, waiting in triage, while House made cranky jokes about a man whose skin had miraculously turned all the colors of the rainbow. You can also bet that the man’s insurance company wouldn’t cover even a quarter of the litany of tests for which House calls. The creators have tried to hide behind the guise of a “teaching hospital” in order to create the sense that doctors would have infinite time with patients, but this too strikes me as a relatively weak...