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...circumstances that face most large banks. The second is that no one else would take the job. Lewis can fairly make the claim that B of A shareholders have not done too badly since the Merrill troubles were disclosed. Since the first of the year, the firm's stock has done nearly as well as Wells Fargo's (WFC) and much better than Citigroup's (C). (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: Ken Lewis Keeps His Day Job | 4/30/2009 | See Source »

...said that the chain would eventually have 40,000 locations worldwide. It was an arrogant prediction given that Starbucks was not even half way there. Investors and customers saw that the firm's plans were grandiose once the leading edge of the recession hit Starbuck's business. The stock was punished and so were the company's employees. Last July Starbucks fired 12,000 people. That action broke an important bond with the employees who worked at the company, at fairly low pay, and the company's customers who viewed Starbucks as a socially responsible firm that would...

Author: /time Magazine | Title: Starbucks and the Resurrection of the Middle Class | 4/30/2009 | See Source »

...even if the CDC's seed stock of virus were to be released to vaccine makers today, it would take the companies anywhere from four to six months before the first inoculation could be ready for public use. That's because flu-vaccine production - whether for swine or seasonal flu - is time-consuming and laborious, requiring vaccine makers to grow millions of copies of the flu virus in chicken eggs, then purify those bugs into a ready-to-inject formula safe for patients. "We are moving things around to accommodate this and getting our raw materials ready and having...

Author: /time Magazine | Title: How Fast Could a Swine Flu Vaccine Be Produced? | 4/29/2009 | See Source »

...when the CDC gives the go-ahead, companies such as Sanofi will have to do an about-face, scrapping their current vaccine projects to switch to swine flu. Sanofi and other vaccine makers received the seed stock for the upcoming flu season last January and are now in the midst of culturing and purifying that virus for this fall's flu season. Nevertheless, Cary is confident: "We have two plants that both have the capability of producing what the U.S. market demand is for the seasonal and swine influenza vaccine," she says...

Author: /time Magazine | Title: How Fast Could a Swine Flu Vaccine Be Produced? | 4/29/2009 | See Source »

...Honestly, you’d be surprised at how many businesses don’t know what’s going on with students,” Andrew said. The project has been in the works since last summer, before the recession deepened. “When the stock market went down, it’s given even more value to this original idea,” Andrew said. Some Square businesses have suffered visibly. Z Square restaurant and bar shut its doors after financial and management difficulties in January. But the recession has not prevented several new establishments from...

Author: By Lingbo Li, CRIMSON STAFF WRITER | Title: Email List to Provide Bargains to Students | 4/29/2009 | See Source »

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