Word: settlements
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Dates: during 2000-2009
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...Visa (V) is lucky. It does not offer consumers credit. It acts as an agent to transfer funds between buyers and merchants. Visa also handles transaction clearing and settlement services. Unlike large banks, when a customer defaults, Visa's balance sheet is not at risk. The company's role as an intermediary makes it an attractive investment. Over the last month the DJIA average was down slightly while Visa shares were up 32%. In the last quarter, Visa's profits rose 35%. Loaning money is a bad business. Handling the transaction between borrower and lender...
Though many outside Sri Lanka have called for a political settlement, President Mahinda Rajapaksa has staked his leadership on a military defeat of the LTTE. Since taking office in 2005, he has redefined the conflict as a "war on terrorism" and cast himself as a son of the soil, a loyal defender of the Sinhalese Buddhist majority. "The average Sinhalese person trusts him," says Saravanamuttu. "He's seen very much as a man of the people." The war has the overwhelming support of Sri Lanka's rural heartland in the south, and Rajapaksa is unlikely to seek a truce when...
...supplier." It asked for $77 million in compensation from Bombardier and stopped flying the Q400.The Canadian manufacturer, at that time, released a statement saying that it would not comment until a final report was issued. In March 2008, SAS and Bombardier settled their dispute; part of the settlement included Bombardier delivering more planes to SAS, including 14 Q400s. Other companies have continued to fly the Q400. A spokesman for Bombardier says the Q400 has an "exemplary" safety and reliability record and that 220 Q400s are currently in operation.(See "Early Scenes from the 3407 Crash...
Moderates from Iran's religious establishment say détente is still possible even without an Arab-Israeli settlement. The U.S. and Iran, says Mohammad Atrianfar, a newsmagazine editor and unofficial mouthpiece for the camp led by Rafsanjani, should set up a system of diplomacy much like that between the U.S. and the Soviet Union during the cold war, to prevent disagreements from turning into open conflict. "The only thing we want from the United States is for them not to mess with our country," he says. But that would mean the U.S. accepting Iran's right to have a nonmilitary...
...firms settled the case last April, intending to keep the figure confidential. In June, the Winklevoss brothers and Narendra appealed to a San Jose district judge, stating that they were mislead into accepting stocks worth less than Facebook purported. In a move characteristic of the secrecy surrounding the settlement, Judge James S. Ware asked reporters to leave the courtroom during the proceedings. Ultimately, he rejected ConnectU’s appeals. With the figure now out in the open, media sources continue to speculate on the reasons for the settlement, as well as the settlement itself. “Sixty-five...