Word: resulting
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Dates: during 2000-2009
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...result is that many more banks than expected have the resources to repay the billions they got from the Troubled Asset Relief Program back in October. Morgan Stanley, for instance, came out of the stress test a month ago in need of $1.8 billion in additional capital. But in the past month the bank was able to raise nearly $7 billion by selling new shares of stock. The result: Morgan says those stock sales and other moves will allow the bank to repay all of its TARP funds by the end of June. And Morgan won't be alone...
...stores in New York City and Las Vegas. But at the heart of the Lacroix saga is an unsuccessful perfume launch that dates back to 1990, and his continuing inability to translate his unique high-end fashion flair into more accessible products, like fragrance, lipstick and accessories. As a result, Arnault sold the brand in 2005 to the Falic Group, a Florida-based business known for its Duty Free Americas chain. (See pictures of very large diamonds at LIFE.com...
...typical luxury consumer has traded in high-priced fashion for quality, durable goods at a lower price, according to a recent report by Bain & Company. As a result, the luxury market is expected to shrink by 10% in 2009, with apparel being hit the hardest. So, when French couturier Christian Lacroix filed for court protection from creditors (similar to Chapter 11 bankruptcy protection in the United States) on May 28, it came as no surprise - especially since the filing was timed to same-store sales comps for May, which for department stores like Neiman Marcus and Saks Fifth Avenue were...
...assess will be possible flight computer malfunctions. Air France CEO Pierre-Henry Gourgeon noted on Monday that immediately preceding AF447's disappearance, automatic messages sent by the plane indicated "multiple technical failures." As details emerge regarding these messages, experts will struggle to understand whether they were the inevitable result of the plane's breaking up or indicators of the failures that led to the accident. (Read "What Brought Down Air France Flight...
...Airbus 330 is not the only model to suffer ADIRU failures. An Airworthiness Directive issued by the U.S. Federal Aviation Administration last year warned airlines of instances of failure in ADIRUs aboard Airbus 319, 320 and 321 models that "could result in loss of one source of critical altitude and airspeed data and reduce the ability of the flight crew to control the airplane." Dubon says these issues are "totally unrelated ... Our safety people have informed me that is not relevant to either the Qantas case or the Air France case...