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...mend. Later this week, Citi plans to complete the first stage of a deal to swap a large chunk of its preferred shares for common stock, which will greatly improve the financial standing of the bank - though it will also more than quadruple the company's shares outstanding and result in the government's owning 34% of Citi...
...Moreover, a look beneath its recent earnings report reveals that Citi is still struggling to extricate itself from the credit crisis. All of Citi's profits and then some in the second quarter were the result of a onetime gain on the sale of 50% of the company's Smith Barney brokerage division to Morgan Stanley. Take that out as well as some other onetime events, and CreditSights' Hendler says the company actually lost 70 cents a share, or about 30% more than it did in the same three-month period a year ago. (See the top 10 bankruptcies...
...good news, Perera says, is that we know how to reduce these dangerous emissions. "Efforts to reduce diesel truck idling and require cleaner fuels have been effective in reducing pollution," she says. Her own group has seen a modest decline in PAH levels as a result of such policies. "This study shows more needs to be done. We want healthy children, children who can reach their potential...
Carr says some of the talk about Grace came about as a result of her loyal silence about Jackson. In a world where former friends and employees often sold their version of life with Jackson to the highest tabloid bidder, Rwaramba maintained her secrets. (Read "Rowe Undecided on Jackson Kids Custody Battle...
When it comes to keeping trade secrets, Switzerland's chocolate makers can be as tight-lipped as its bankers. But while chocolatier Barry Callebaut refuses to reveal what goes into its latest invention, it's happy to share the result: a chocolate bar that won't melt in your hands or pack on the pounds...