Word: year
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Dates: during 2000-2009
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...this year, companies in the Standard & Poor's 500 are likely to have lost as much as $400 billion since the start of 2008, according to S&P. It's a sign of just how badly the recession has hit big companies. But it could also turn out to be a leg up for corporations in the recovery. All that red ink could turn out to be a little-noticed boon for corporate bottom lines. That's because companies are allowed to record a tax credit for current losses in order to lower their tax bill when they return...
...will shoppers act this holiday season? Last year was a complete and utter disaster for retailers. They had too much inventory and it became common to see large discounts really early in the season. A lot of people have asked me this year if they should buy early or wait for the huge sales, and it's really kind of hard to tell. I'm pretty certain that you aren't going to see those incredibly deep discounts because the inventories are much leaner than they were a year ago. Companies have gotten very smart about not ordering too much...
...small and medium-size businesses. The Nov. 1 filing by the century-old firm marks the government's first loss stemming from the Troubled Asset Relief Program (TARP), designed to stabilize major businesses during the height of the economic meltdown. CIT says it hopes to emerge from bankruptcy by year's end. More government losses could follow as bailout recipients such as Chrysler and AIG continue to struggle. Still, analysts say it could have been worse: CIT sought more bailout funding last summer, but the government declined...
...retaliation for Palestinian suicide bombings. His alleged crimes also include stabbing and wounding an Arab man he believed had made a pass at him and bombing the homes of a left-wing professor and a family that belonged to a messianic Jewish sect; the professor and a 15-year-old boy were wounded in the two attacks. A West Bank settler born in Florida, Teitel reportedly kept bombmaking matériel and automatic weapons at his home. The attorney for the father of four says his client is mentally unstable...
...what some analysts are hailing as a sign of U.S. economic recovery, General Motors, Ford Motor Co. and Toyota all reported a rise in sales in October compared with the same month last year, despite a sharp slump following the end of the Obama Administration's Cash for Clunkers incentive program in August. Ford--the only Detroit automaker to avoid bankruptcy and federal bailouts--reported $1 billion in third-quarter profits, helped in large part by an increase in market share as Chrysler's sales continued to lag. GM, the nation's largest car manufacturer, posted its first year-over...