Word: recessional
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The sector has taken a huge hit over the past two years, as the crippling recession, the pullback in business travel, frozen credit markets, the decline in consumer spending and even President Obama's "anti-Las Vegas" comments took a hefty toll on casino companies. Gaming revenue plummeted and a...
As for Icahn, this isn't his first foray into the casino sector. Between 2000 and 2006, he purchased four casinos - the Stratosphere, Arizona's Charlie's Boulder, Arizona Charlie's Decatur and Aquarius Casinos - for $300 million, and sold them for $1.2 billion in 2008 before the recession unleashed...
If you fault its product, you're missing the point, says co-founder Shawn Colo. "It doesn't pay to do journalism," he says. He's right. Sending writers to Haiti, for example, would defy the company's No. 1 rule: Every piece has to be profitable. That's why...
Likewise, Russia and Eastern Europe offer potential. Russia has arable land and an aging Soviet fleet of farm equipment, and the government has put a priority on being self-sufficient in food and agriculture. The recession has made financing hard to come by in the region, but "Deere is planting...
Administrators will take into account the impact of last year’s recession on donors when determining fundraising goals, Faust said. But given the time elapsed since the last capital campaign, the University needs to move forward on a capital campaign despite recent economic turbulence, she added.