Word: returns
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...trouble in paradise. Industry stalwarts Bear Stearns and Lehman Brothers have vanished into the ether, while fellow bulge-bracket Merrill Lynch was engulfed by Bank of America. Even the top firms Goldman Sachs and Morgan Stanley have agreed to become bank holding companies, subjecting themselves to restrictive regulations in return for greater access to liquidity from...
...those that survive the turmoil and layoffs still to come, the future may not look like the halcyon days of the past—heavy deleveraging threatens to cut into profits, and Congressional leaders are already clamoring to include limits on executive compensation in the proposed bailout plan in return for taking toxic mortgage-backed securities off Wall Street’s hands at premium prices...
...workday last week in the northeast Iowa town of Postville, a young man who identified himself as an illegal immigrant from Guatemala, leaned idly against a storefront. He'd rather be working, he explained, but he can't return to his job at Agriprocessors, Inc. That's the meatpacking plant where 389 workers, including some of his relatives, were arrested during a May immigration raid. "Too much fear," he says. "But we have to live here because Guatemala is very...
...workers now serving five-month prison sentences after pleading guilty to identity-theft charges. They are expected to be deported next month. A further 45, mostly women, who were released on humanitarian grounds but required to wear electronic ankle bracelets, have not yet faced charges. Ten were permitted to return to Guatemala or Mexico. Others hope to convince the courts to allow them to remain in the United States, according to their lawyer. And many of those who eluded arrest are believed to have fled or are lying...
Just two days after John McCain dramatically suspended his campaign and vowed to return to Washington and help reach a deal on an unpopular financial-bailout package, his staff announced this morning that he is resuming his campaign and that he will attend the debate tonight in Mississippi...