Word: felling
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London is not the only one suffering. Caution among private investors, particularly when it comes to the enormous athletes' village, has hit other upcoming Games. The local government in Vancouver will now likely fund much of the $820-million village intended for its 2010 Winter Olympics after private backing fell through...
...favorite quickie measure of financial journalists - the performance of the stock market - he was a complete flop. The S&P 500 fell almost 5% over the course of the day, with the sharpest drop coming just as Geithner began his speech in the Cash Room of the Treasury Building. (See the worst business deals...
...Following the collapse in September of U.S. investment bank Lehman Brothers, RBS's depleted capital reserves - a consequence of that ABN deal - meant "the spotlight fell on us, and the share price dropped 60% in two days," Goodwin said. Added McKillop: "We are sorry we bought ABN Amro." At HBOS, said Hornby, who stepped down as its CEO in 2008 after only two years in the job, "years of reliance on wholesale funding left us in a vulnerable position." No kidding. When the meltdown in those markets occurred, HBOS was history. "The fundamental mistake that HBOS made was," said Stevenson...
...other intellectual inquiry,” she said.Faust acknowledged that the Task Force report “has not appeared at the most propitious of times,” given the effects of a current financial downturn that has constricted University coffers. Harvard’s endowment fell 22 percent—or roughly $8 billion—in the four months prior to Nov. 1, and is projected to fall 30 percent by the end of the fiscal year on June 30.While the Task Force’s report will need to be subject to some financial concessions, Faust...
...nation’s top squads, Harvard men’s squash began the weekend in stunning fashion but could not sustain its momentum.The fifth-ranked Crimson (6-3, 3-2 Ancient Eight) notched a thrilling 5-4 comeback win over No. 7 Penn on Saturday, but fell 9-0 to No. 2 Princeton yesterday.“They were two very different matches,” junior Frank Cohen said. “Penn was a very good match for us, but Princeton is tough. It’s difficult to play back-to-back when we had such...