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...Griffiths says the plane was previously registered to a company that has links to self-professed Serbian gunrunner Tomislav Damnjanovic and to three companies controlled by Bout, who has been dubbed the "Merchant of Death" by Russian media. Last year, Bout was arrested in Bangkok after allegedly offering to sell weapons to U.S. Drug Enforcement Agency officers posing as members of the Colombian rebel group FARC. While the U.S. seeks his extradition, Bout is being held at Klong Prem prison in Thailand, the same place where Petukhov and his crew are now jailed. (See the top 10 underreported stories...
...Veteran analyst Richard Bove of Rochdale Securities, who had been recommending Citi's shares since the summer, downgraded the stock on news that it was going to repay TARP from a "buy" to a "sell" rating. "What does it do for the company? Management can increase [executive] salaries," says Bove, referring to the fact that Citi will now be free of the government's compensation rules. "What else? Nothing...
...Nonetheless, the deal will be costly for Citi. In order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
Bringing Pandora to Life Despite Cameron's success with Titanic - the highest-grossing movie of all time and winner of a record-tying 11 Oscars - Avatar was not an easy sell to his home studio, 20th Century Fox. Since 1997, Cameron had been largely absent from the Hollywood scene, riding in submersibles, shooting documentaries and building new filmmaking toys. In 2005, Fox funded a $10 million, 5-min. prototype for the movie, but when Cameron delivered a 153-page draft of the script months later, the studio balked. Here was an ambitious project with a lot of risky elements, including...
...Emerged as a nationally known figure in the wake of her husband's confession. Launched a website, jennysanford.com, and applied to trademark her name in order to sell branded products such as clothing and mugs...