Word: payments
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...German banks have been working round the clock for the past week to try to fix the problem, which involves reconfiguring tens of thousands of cash machines and payment terminals in German stores and supermarkets, as well as those in countries visited by vacationing Germans, to be able to read the faulty chips. Officials said that replacing all of the cards would simply be too costly and time-consuming. (See the worst business deals...
...editor's note was appended to the column on Sunday, stating that the article "would not have been published in that form" if editors had known of the payment...
...Hall, 56, who lives outside Sandusky, Ohio. A supervisor with an MBA at an automotive parts supplier to Ford Motor Company, Hall was laid off in October 2008. He recently sent a letter of hardship to Wells Fargo to try to save his house from foreclosure. His subsidized COBRA payment has been $258 a month and he says not having to pay an additional $500 a month for health care coverage is a godsend. "When you have to draw straws between paying the utility bills, the mortgage and health care, it's hard...
Even that almost wasn't enough. The company owed a $200 million payment to CityCenter's contractor, Perini Construction. It was due on a Friday in March. Murren spent that day on a conference call with the company's banks, trying to persuade them to lend MGM the funds until it could resolve its problems with Dubai. Murren could promise them nothing. "We don't know the outcome of CityCenter. We don't know how we're going to get there...
...government stimulus money has spilled into property markets, and prices climb as developers struggle to acquire new stock, some Chinese have grown desperate as they struggle for what they see as fair payment for their property - or simply want to hang on to their homes. The media often carries stories of the struggle getting violent. Late last month protesters shut down several major intersections in the southwestern city of Guiyang after a dozen residents were kidnapped so workers could demolish their homes. (See portraits of China's workers, from the 2009 Person of the Year special...