Word: stockings
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...stock trades at $1.71, which is not even its 52-week low. Several news outlets have reported that the Treasury has asked the No.1 US car company to prepare for Chapter 11. The government will probably try to have GM broken into two pieces. In that case, most of the creditors may be stuck holding paper in the weaker of the operations which will be made of brands like Saturn and Hummer which have no economic value at all. If that tactic works, the money that GM owes to financial firms could end up being next to nothing...
...those profits by making risky bets on interest rates and other fluctuations in the financial markets with money it has received from the government. Goldman says it would like to pay back its TARP loans as soon as possible, and on Tuesday the company raised $5 billion in a stock offering that the executives said would help Goldman do so. But Goldman's huge trading profits, at a time when it and other banks are pulling back lending, raises new concerns about whether Goldman and other financial firms are improperly profiting from taxpayer assistance. (Read "Is the Economy Starting...
...Industry policy will also require physicians to report their relationships with drug companies to patients. Further, executives of Partners HealthCare—the company that owns the two hospitals—will face strict limitations on their involvement with the industry and will no longer be allowed to own stock in any of the drug companies they help oversee. However, William D. Hoffman, an assistant professor of surgery at Mass. General, said that these policies do not go far enough to prevent conflicts of interest in industry-funded research. He said that researchers in academia should have primary control over...
...That's far less than the $7 billion stock-market valuation Satyam, India's fourth-largest I.T. company, once enjoyed before the scandal. In January, Satyam founder and chairman B. Ramalinga Raju confessed that accounts at had been fudged for years and that assets and profits to the tune of $1.6 billion did not exist. The government subsequently stepped in, appointing a board of directors to try to stabilize Satyam until a buyer could be found...
...comfort of home. "For Denny's, the core consumers are blue-collar families," says Anton Brenner, restaurant analyst at Roth Capital Partners. "They've been squeezed very hard." In the fourth quarter of 2008, same-store sales dropped 6.1%. Sales fell 3.7% for the year, and the company's stock price, at $2.14 a share, has dropped 30.5% over the past 12 months. "It wasn't a good year for us," Marchioli admits...