Word: nov
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...years. However, Congress is moving closer to extending the so-called tax loss carryback provision to five years, instead of two. Senate majority leader Harry Reid recently threw his support behind the extension of the tax refund, adding it to a bill that would extend unemployment benefits. On Nov. 2, the Senate voted to close debate on the bill, which means a final vote to approve the bill would come later this week. It is expected to pass both houses of Congress easily...
...parts maker Magna and its Russian partner, Sberbank, to buy Opel and Vauxhall from the beginning, seeing it as the best way to save German jobs and offering both sides billions of dollars in loan guarantees to grease the wheels. Before GM made its sudden U-turn on Nov. 3, Merkel had also been riding high. She was coming off an electoral victory in September and had just given a rousing speech before a joint session of Congress in Washington. The timing of the bombshell from GM had to sting. Then on Thursday came another blow: the carmaker's announcement...
After months of recounts, investigations and recriminations, Afghanistan's presidential election is over. Former Foreign Minister Abdullah Abdullah withdrew from a runoff scheduled for Nov. 7, prompting the Independent Election Commission to declare incumbent Hamid Karzai the winner by default. But it's by no means an unalloyed victory for Karzai. Allegations of fraud in the Aug. 20 vote, coupled with long-standing concerns over corruption in his administration, have undermined his credibility. Abdullah, Karzai's closest challenger, said the election process was so flawed that it wasn't worth participating in. He later said he had no intention...
Uncle Sam is out some $2.3 billion in bailout funding following the bankruptcy of CIT, a major lender to 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...
...Pizzotti emerged as marquee players and built momentum throughout the season, while the heralded Bulldogs were beating their opponents by decreasing margins. On Nov. 17, 2007, Harvard defeated Yale, 37-6, and Ho led the team in rushing with 63 yards...