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Will complaining that government pressure to "save" Merrill and Countrywide get Bank of America more favorable terms than other firms that the government says need more cash? Probably not, but it is all B of A has left to make a case that its balance sheet issues are not entirely its fault...

Author: /time Magazine | Title: Bank of America Needs to Play Its Merrill Card | 5/6/2009 | See Source »

...manila folder holds the official application, while the red, or “dummy,” folder, contains the student’s essential information and serves as a place holder when the application is being read.Once the official application and secondary school report arrive, yellow barcode sheets in the folder get scanned. “It’s like working in a grocery store sometimes,” Anderson says. “Scanning tells the system we have the minimum requirement for the folder to be read.”The students who work...

Author: By Huma N. Shah, CONTRIBUTING WRITER | Title: Don't Touch That File | 4/30/2009 | See Source »

...weeks. Level 3 has two factors that short sellers love. It has awful financial prospects and a volatile share price. At the end of the last quarter, Level 3 had $6.3 billion in debt and almost no operating income. The company is constantly trying to restructure its balance sheet, is facing a number of shareholder class action suits, and its shares swing up and down rapidly. In early January, Level 3 traded at $1.49. It dropped to $.57 in mid-March and has nearly doubled since then...

Author: /time Magazine | Title: The Top 10 Stocks for Short Sellers | 4/27/2009 | See Source »

...creditors much be reached by May 1. Among Chrysler's biggest bondholders are JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. Even if Chrysler reaches a deal with its major creditors it may still decide to enter Chapter 11 as a way to further clean up its balance sheet...

Author: /time Magazine | Title: Chrysler and General Motors Make New Bids to Survive | 4/27/2009 | See Source »

...many reminders that the Arthur Road jail is a long way from the tidy proceedings of "Law and Order." The court allowed the prosecution to present its opening arguments, for example, even though the newly appointed defense attorney had not yet read the 11,000-page charge sheet. (The judge acknowledged that he still hasn't finished the whole thing.) Qasab does not speak English, but there is no Urdu translator to explain the proceedings to him, and his request for an Urdu version of the charge sheet was denied. Most Indian courts leave it to the defense attorney...

Author: /time Magazine | Title: Mumbai Attacks Trial Offers Rare Glimpse into Indian Courts | 4/18/2009 | See Source »

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