Word: secs
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...sec. Moment of silence observed at a Tokyo subway station last week on the 10th anniversary of Aum Shinrikyo's sarin gas attack, which killed 12 and wounded 5,500 1,650 Number of followers of the Aum Shinrikyo cult, now known as Aleph, down from 11,000 at the time of the attack...
...prickly side of "Hank" Greenberg helped bring his reign to an end last week. Faced with continuing probes by the Securities and Exchange Commission (SEC) and New York attorney general Eliot Spitzer, the AIG board thought it best to stop antagonizing regulators and pushed Greenberg, who will turn 80 in May, to resign. Otherwise he might have survived the mess, which centers on a deal that AIG cut with General Re, a company that insures insurers. Investigators say AIG bought insurance from Gen Re and accounted for it in a way that overstated revenue...
Following Spitzer's playbook, the SEC intends to launch more probes of suspicious practices even if they are widely used and have "no clear road map to wrongdoing," Stephen Cutler, head of the enforcement division, has said. Next up may be radio, where Spitzer is looking into kickbacks for airtime. Greenberg, meanwhile, is still worth $3.2 billion, according to Forbes, and for now remains at AIG as chairman. But "the most powerful executive in the history of insurance is no longer CEO of his company," says analyst Andrew Kligerman at UBS. "That sends a very clear message." "Everybody does...
...Murciélago shoots from 0 to 60 in 3.8 sec. and has a top speed of 200 m.p.h. I'll take Lambo's word for it. Unless you're on a closed course or have a death wish, it's tough to push it to the max. On New York's Taconic Parkway, I never had to shift above fourth gear to feel like a human cannonball and pull all the Le Mans moves I could safely muster. With four-wheel drive and Pirelli 18-in. tires, the car never felt unstable. But here's the rub: it takes every...
...then the stock abruptly hit a wall. Just days after the company wrapped up its best year ever, with $68 million in revenues, the SEC and the Arizona attorney general announced informal investigations of the company, and Taser warned shareholders that the pace of new orders might slow down. In the first 11 days of January, Taser's shares lost nearly 60% of their value...