Word: stake
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...raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted 25% on rumors, which the company denied, that Mitsubishi-UFJ may not take an expected 20% stake in the embattled firm. J.P. Morgan was down about 9.5% while Citigroup fell more than...
...Phenergan intravenously, the Supreme Court of Vermont ruled that Wyeth could have, and should have, prohibited the use of Phenergen through IV on its labels. Wyeth was not barred from making labeling changes to do so after the FDA's approval was initially granted. What's at Stake: With thousands of similar cases flooding the judicial system regarding federal labeling mandates versus state labeling procedures, this case would provide guidance to federal and state judges...
...broadcast of the Golden Globes. In 2006, the FCC issued an "omnibus order" reiterating its ban on single-use violations. Fox complained to the Second Circuit Court, citing the First Amendment, and the Court struck down the FCC's ruling as arbitrary. What's at Stake: In striking down the FCC's ruling, the Second Circuit Court essentially calls for the Commission to choose "between allowing any free use of any expletive no matter how graphic or gratuitous, or else adopting a (likely unconstitutional) across-the-board prohibition against expletives." The Supreme Court - should it decide to address the case...
...Appeals court also found the parts of Iqbal's argument alleging the involvement of Mueller and Ashcroft to be plausible. Among Iqbal's evidence: a memo from Ashcroft sent to subordinates "outlining how the classification system for Arab and Muslim detainees would be carried out." What's at Stake: Defining the proper procedures for identifying and interrogating suspected terrorists is a major issue for the U.S. government today, and it factors heavily in the philosophy behind this case. Arguably more important is that a decision in Iqbal's favor would open the floodgates for further cases questioning the right...
...Most campaigns give such free advertising away for, well, free, but they cost $8 apiece here. Having folks pay for signs gives them a real stake in the campaign, Obama believes. And it is one way to help pay for all those workers, though salaries are hardly lavish. College-age workers can get around $2,000 a month - they typically camp out with relatives or on the hide-a-beds of campaign donors - while even top field directors with years of experience have been offered salaries of less than six figures, according to one Washington insider...