Word: shuts
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...Chrysler will face a bloody competition with many of their own dealers this summer. Both will try to sell cars in the midst of an awful market. The closing dealers do not have much to lose by dumping their inventories and shutting their doors as fast as they can to save operating costs. The 2010 models may be lost in the shuffle of ridiculous deals to clear out 2009 editions. The dealers being closed may be going away, but in the process they will inflict real pain on the companies that shut them down...
...wooded area south of town that now stands largely empty. "If we'd thought about it properly, we wouldn't have done it," she admits. Then there are the government-sponsored job-creation programs that failed to live up to their name, and the startups that quickly shut down again because they depended more on government subsidies than on a smart business plan. (See pictures of the global financial crisis...
...sudden surge that took Asian health officials by surprise, the Japanese health ministry confirmed on Monday at least 125 new cases of the H1N1 virus - or swine flu - in the country's Western prefectures of Osaka and Hyogo. Officials have shut down about 1,000 schools, since many of the infected were high school students. Japan is now, along with the U.K. and Spain, one of the few countries outside of North America where the World Health Organization (WHO) fears sustained human-to-human transmission of the virus could lead to the onset of a full-blown pandemic. "We must...
...market opened, share trading was halted for the first time ever when sharp gains in the Sensitive Index, or Sensex, triggered an automatic suspension. Trading resumed two hours later but so-called "circuit breakers" were again tripped by heavy buying in a matter of seconds, and markets were shut down for the rest of the day. The Sensex closed up 2,099 points at 14,272. India's Nifty index was also closed after gains of more than 15%. (Read about the key players to emerge from India's elections...
...Then there is the financial system. Problems tied to bad loans persist. The latest victim came forward on Tuesday: small-business credit-card issuer Advanta said it would shut down all of its cardholders' accounts after billowing losses threatened its viability. And yet elsewhere the credit markets seemed downright rosy. The TED spread - a gauge of how willing banks are to lend to each other - hit its lowest point since the beginning of the credit crisis in the summer of 2007, and companies, including Microsoft and Wal-Mart sold a relatively sizeable $32.6 billion of debt to investors...