Word: solding
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...real keyboard, it's for "writing," not reading - the user is primed more for output than input. Amazon was the first to exploit that weakness and is building a billion-dollar business built around a gadget aimed at people who read offline. In fact, it has already supposedly sold more than 500,000 of its $359 e-readers, despite their obvious limitations. (Kindles only do black and white text and can't even handle photographs or different fonts properly yet, much less the New York Times Crossword Puzzle...
...turns out that AIG has become the banking industry's ATM, essentially passing along $52 billion of TARP money to an array of U.S. and foreign financial institutions - from Goldman Sachs to Switzerland's UBS. Those firms were counterparties to the credit-default swaps (CDSs) that AIG FP sold at least through 2005, and the companies were collecting on the insurance-like derivatives. AIG paid out an additional $43.7 billion to many of the same banks, which were also customers of the securities-lending operation run out of AIG's insurance division. In this case, AIG managed to take...
...money and the people who wield it. Valentino's lifestyle is beyond lavish; with the villas and chateaux, the extravagant parties, he's been more of a jet-setter than the people who buy his clothes. Somebody had to subsidize all that luxe, and in 1998 he and Giammetti sold their company to the HDP conglomerate, which four years later turned it over to a textile group run by Matteo Marzotto. Giammetti treats the young plutocrat as a nuisance at best: "Matteo is a very nice guy. I like him as a friend. But whatever he says has no value...
...parallel, much of oil's decline in prices since the summer was spurred by speculators unwinding their positions, as they needed to liquidate to cover losses. But gold prices have not followed oil prices downhill. It is clear that new money has entered the gold market. Many who sold their stocks and other assets have reallocated into the gold market, instead of leaving it to cover losses...
...wooden but plucky CEO of GM, Rick Wagoner, told the press that if his company is allowed to go into Chapter 11, it will end up being a simple liquidation. GM will be torn into pieces and sold off as scrap. He made one good point to support his point of view. If a bankruptcy of the No. 1 U.S. car company drags on for several months, potential auto buyers will purchase vehicles from competitors that they view as being "safe". No one wants to buy a car that won't be serviced. Wagoner has made this point before...