Word: monday
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...question now is whether Circuit City will go out of business altogether. The New York Stock Exchange halted trading when the stock hit 10 cents a share (vs. about $25 for Best Buy) on Monday. That's down from a peak of $30 in May 2006, and nearly $8 as recently as December 2007. By late afternoon on Nov. 10, a U.S. bankruptcy judge had granted the company permission to borrow up to $1.1 billion, which it will use to buy new inventory and pay workers. That should tide it over through the holidays. But its long-term outlook remains...
...Friday, U.S. unemployment hit a 14-year high and yet plenty of stocks rallied, with the Dow Industrials ending up nearly 250 points. On Monday, news of China's $586 billion stimulus package, a colossus of a program tha t should bolster the global economy, was washed away amid more company-specific concerns like the fate of G.M. It almost feels as though investors are once again paying attention to the underlying value of individual stocks, and aren't simply being swayed by broader economic news: bailouts, oil prices, hedge-fund liquidation, data pointing to recession...
When students swipe their Harvard ID cards in dining halls starting this Monday, they’ll need to flip them upside down. Instead of using the large stripe, students will need to start swiping with the smaller stripe to get into dining halls, to use Crimson Cash or Board Plus, and for M2 shuttle rides. The decision to switch to the small stripe was made for security purposes, according to Harvard University Dining Services officials. “It’s just a more secure technology,” said Crista Martin, director of marketing and communications...
...letter to the Harvard community Monday, Faust wrote that the turbulent economic climate will impact the University’s finances, but that administrators have not yet laid their plans to mitigate the effects of the financial crisis. Because all three of the University’s primary sources of revenue—endowment income, donations, and tuition—are expected to take a hit, Faust said that the University will be tightening its belt and determining which initiatives to maintain or to scale back, and if necessary...
...tactic had been becoming increasingly rare in today's nominally safer Iraq. But on Monday, multiple bombings just minutes apart tore up parts of Baghdad during the morning rush hour. While alarming because there hadn't been a major attack for a while, the bombs that exploded in the predominantly Shi'ite neighborhood of Kasra are unlikely to herald a return to the bad old days, according to security officials. Al-Qaeda and other extremist groups, they say, have been severely weakened and are merely shadows of their former selves, too hamstrung to conduct extended campaigns of terror. (See pictures...