Keyword: souplines

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  • Weak dollar prompts record foreign buyouts of U.S. companies

    10/02/2007 1:16:48 PM PDT · by LM_Guy · 42 replies · 218+ views ^ | 10/02/2007 | Robert Weisman
    European, Asian and Canadian companies are taking advantage of the weaker dollar to buy their U.S. counterparts at a record pace, increasing investment in the United States but also raising fears about a potential loss of jobs and autonomy. "We could be looking at the world's largest tag sale if we continue to see declines in the dollar," said Donald Klepper-Smith, chief economist at DataCore Partners. In the latest large deal aided by a weak dollar, Commerce Bancorp, which is based in Cherry Hill, New Jersey, agreed Tuesday to be acquired by Toronto-Dominion Bank of Canada in a cash-and-shares deal...
  • H&R Block's Block Financial Unit Switches Short-Term Cap Source

    H&R Block Inc.'s (HRB:H&R Block, Inc News, chart, profile, more Last: 19.79+0.59+3.07% 9:15am 08/22/2007 Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: HRB19.79, +0.59, +3.1%) Block Financial Corp. unit withdrew a net of $650 million from its working capital lines of credit to cover capital needs during the credit crunch. The Kansas City, Mo., company said it withdrew $200 million on Aug. 16 and an added $850 million on Aug. 20, using the money to pay off the previous loan. The company said in recent weeks "the credit market has become increasingly constrained and unstable," cutting...
  • Countrywide tumbles 19% on financing rumors

    NEW YORK (Reuters) -- Shares of Countrywide Financial Corp. dropped as much as 19 percent Wednesday on market rumors the mortgage company has been unable to raise money from the commercial paper market. Countrywide officials were not immediately available for comment. "People are buying Countrywide puts very aggressively on Wednesday off of rumors that the commercial paper market could be closed to them," said William Lefkowitz, options strategist at brokerage firm vFinance Investments. Puts are options that allow an investor to sell a stock at a preset price by a certain date. Another trader attributed the drop in the stock...
  • Harry Reid Steps Over the Line - Again

    05/13/2005 7:30:20 AM PDT · by smoothsailing · 51 replies · 1,813+ views
    National Review ^ | 05/13/05 | Byron York
    May 13, 2005, 8:59 a.m. Harry Reid Steps Over the Line — Again The GOP calls his description of a Bush nominee "deeply unethical." As the Senate edges closer to a showdown on the issue of Democratic filibusters of the president's judicial nominees, Republicans on Capitol Hill are angry at remarks by Senate Minority Leader Harry Reid which they say smeared one of those blocked nominees. During a debate about the filibusters Thursday, Reid, who has made a series of controversial statements about President Bush, Federal Reserve Chairman Alan Greenspan, Supreme Court Justice Clarence Thomas and others in recent months,...
  • The New Economy: Just Another Name for Big Government?

    11/25/2004 10:15:10 AM PST · by Willie Green · 8 replies · 575+ views ^ | Wednesday, November 24, 2004 | Alan Tonelson
    For education and discussion only. Not for commercial use.We couldn't help but be struck by the real message conveyed by a recent brief in the Washington Post Sunday business section on job gains and losses near the nation's capitol. The item juxtaposed the shuttering of General Motors' van assembly plant in Baltimore with the announcement that new high tech jobs were being created in Northern Virginia. At first glance, these developments seemed like an unalloyed triumph of the New Economy and a clear sign that traditional manufacturing is fading into irrelevance. After all, the Post writer emphasized that the GM...
  • Ancient Animal Could Be Human-Ape Ancestor

    11/18/2004 3:41:57 PM PST · by Willie Green · 98 replies · 1,866+ views
    The Centre Daily Times ^ | Thu, Nov. 18, 2004 | DIEDTRA HENDERSON -- Associated Press
    For education and discussion only. Not for commercial use. WASHINGTON - A nearly 13 million-year-old ape discovered in Spain is the last probable common ancestor to all living humans and great apes, a research team says in Friday's issue of Science magazine. A husband-and-wife team of fossil sleuths unearthed an animal with a body like an ape, fingers like a chimp and the upright posture of humans. The ancient ape bridges the gap between earlier, primitive animals and later, modern creatures. This newest ape species, Pierolapithecus catalaunicus, is so significant that it adds a new page to ancient human history....
  • It's China's gain and Cleveland's pain

    11/15/2004 12:57:10 PM PST · by Willie Green · 14 replies · 772+ views
    The Cleveland Plain Dealer ^ | Monday, November 15, 2004 | Sabrina Eaton
    Low wages lure Mr. Coffee to Mexico, far East Lillie Scott said goodbye to more than just workplace friends and her job of 26 years when Mr. Coffee shut the doors of its cavernous gray factory in a tidy Glenwillow industrial park. When Scott's $9-an-hour job making coffee makers four years ago was transferred to Mexico and Mississippi with 338 others, she and many workmates also bid farewell to financial security. Her sporadic jobs as a home health aide never last long enough to get benefits, and the $800 she gets in monthly unemployment between jobs doesn't cover her rent...