Word: returns
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...surprisingly, Thomsen's "dead man walking" status officially changed late Monday, when the SEC announced that its top cop had decided to call it quits and return to the private sector. Thomsen joined the agency in 1995 and became its enforcement chief...
...exec of HBOS, which was taken over last year by rival Lloyds to prevent a run on the bank, said he was "extremely sorry for the turn of events." Dennis Stevenson, Hornby's chairman at HBOS - which, along with Lloyds, got a $25 billion bailout from the government in return for 43% of the combined group - was "profoundly and unreservedly" apologetic. And really giving it his all, Fred Goodwin, ex-boss of the Royal Bank of Scotland (RBS), rescued by British taxpayers last fall with an even bigger bailout, said he "could not be more sorry." (See pictures of London...
Three decades after Ayatullah Ruhollah Khomeini's triumphant return to Iran to claim power on the ruins of the Shah's regime, Iran's Islamic revolution can still draw a crowd. That much was clear Tuesday as several hundred thousand people converged on Tehran's Freedom Square to celebrate its 30th anniversary at the very spot where Khomeini was first welcomed home from his exile in France. (See pictures of Khomeini's triumphant return to Iran...
...Many in the crowd were willing to echo the President's sentiments. A retired air-force member, 68-year-old Ali Amir-Hosseini, vividly remembered the Ayatullah's return. "We staged a strike and were one of the first brigades to stop collaborating with the Shah's regime," he said, adding, "Back then, we had little pride. We really felt like the stooges of the U.S. Today, we are a proud people. At last we determine our own fate and the bigger powers just don't know how to deal with us." Then he asked a bystander listening in where...
...decline by cutting capacity 10% - but if they don't raise fares now, they'll still lose an estimated $7 billion in revenue this year. Which could result in more add-on fees for travelers or fare hikes down the line. The Boyd group is not predicting a return to 2008 capacities until...