Word: stripping
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...Hardest hit has been Las Vegas Sands, whose chairman, Sheldon Adelson, envisioned transforming a stretch of reclaimed Macau land called Cotai into a new Las Vegas Strip with a $12-billion development of hotels and casinos. He launched the effort in 2007 with the opening of a 3,000-room Venetian hotel similar to his flagship Las Vegas property. But last year Adelson struggled to find financing for the project. Construction on new hotels was suspended in November, and the company recently said it would cut as many as 4,000 workers from its Macau operations. Late last year...
Bank of America said in early May that it, too, was looking for new directors. Regulators are reportedly pushing the bank to add more outside directors with financial-industry experience. Shareholders recently voted to strip BofA CEO Ken Lewis of his position as chairman of the board. The new chairman, Walter Massey, is heading up the committee that will revamp the bank's board...
...Persian Gulf, East Africa or Southeast Asia. By the end, he was reduced to his core group of about 250 loyalists. The body of Prabhakaran's son Charles Anthony was recovered first and displayed on television within hours of his death. Prabhakaran's life ended in Mullivaikal, a strip of land on the northeastern coast, a place not much different from where he began...
DIED Some nights he was Frank Sinatra, other nights he was Anita Baker, but Danny Gans, 52, a Las Vegas Strip impressionist and singer, always entertained his adoring fans. Five nights a week, 46 weeks a year, Gans crooned comedic songs to Sin City visitors...
...bank seemed to get. Among the 19 banks the government probed, Citi was found to have the lowest common capital ratio, which the government said was a key measure to protect against insolvency. What's more, Citi also got credit for a capital conversion it has yet to complete. Strip that out, and the amount of capital Citi needs balloons to nearly $63 billion, more than any of the other banks tested. (See pictures of the dangers of printing money...