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...business dropped off by 50%," he says. As his client roster evaporated, Flores started drawing on credit cards and took out a second mortgage to the tune of $57,000 in order to stay afloat. In 2009, out of options and under threat of losing his home of 10 years, Flores filed for Chapter 13 bankruptcy - a reorganization filing under which consumers agree to a plan to make payments of past-due debts to creditors for a three- to five-year period. But now he is behind on his payments again, and Wells Fargo Bank wants to restart foreclosure proceedings...
Harris, a market-research firm, polled about 9,000 Americans online at the beginning of the year in order to generate a list of the 60 "most visible" companies, and also asked some 30,000 people broader questions about corporate America's reputation. Each company was then evaluated in areas such as social responsibility, leadership, financial performance, product quality and workplace environment by about 600 people. The top 10 highest-rated companies: Berkshire Hathaway, Johnson & Johnson, Google, 3M, SC Johnson, Intel, Microsoft, Coca-Cola, Amazon and General Mills...
Among the companies that made significant moves from last year's list, Ford made the biggest jump, from No. 51 to No. 37. "CEO Alan Mulally has been out in public making long-term decisions: not taking bailout money, having a vision," says Fronk. "It's a different story going on at Ford than at some of their competitors." Other big gainers included ExxonMobil, Pepsi, Costco, the Home Depot and Southwest Airlines. Among the companies falling the fastest in the rankings were Bank of America, Verizon, Sony, Target and Time Warner (the parent company of TIME). (See which businesses...
Financial firms and automakers that took bailout money largely made up the bottom 10. In descending order, they were: Delta Airlines, Bank of America, JPMorgan Chase, General Motors, Chrysler, Goldman Sachs, Citigroup, Fannie Mae, AIG and Freddie Mac. Industry-wise, tobacco again claimed the worst reputation; last year it shared that honor with financial services, which this year held the second worst reputation. Third worst was insurance. At the top end of the industry-reputation list were technology, travel and tourism, and retail...
...Bangkok in mid-March, taking supporters in by bus, tractor, boat and pickup truck, the Bangkok-based press warned of the havoc the rural hordes might wreak. City governor Sukhumbhand Paribatra advised residents to "please stay home," lest the demos degenerate into rioting as did a red protest last year. The overall mood was one of fortress Bangkok being surrounded by alien beings. Then the unexpected happened. As tens of thousands of red-shirt vehicles wound through Bangkok streets on March 20 in a miles-long caravan, members of the city's lower and middle classes emerged to cheer...