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06 Jun 2011 11:24

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U.S.: Dominique Strauss-Kahn pleads not guilty; France captivated

His case bewilders the French, who love American crime shows but can’t believe how callous we are towards suspects, especially prominent ones like DSK. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jun 2011 08:30

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World: After huge losses, Tepco’s future leads its stock to nosedive

  • No one knows what will happen to Tepco in the future. We don’t even know whether the company will remain a private company or will the government take it over.
  • Fujimaki Japan’s Takeshi Fujimaki • Explaining why Tepco’s stock went down significantly today — at one point as far as 28 percent — after a financial report that suggested the company was in very bad shape. Simply put, many investors don’t think Tepco is long for this world as a private company and will need significant help from Japan to survive. The company could face $7 billion in losses for the current fiscal year — already on top of $15 billion lost in the prior fiscal year, which ended in March. That’s before any compensation costs are taken into account, by the way. Investors are betting on bankruptcy and/or public-sector takeover. source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jun 2011 08:00

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U.S.: Rogue bus company Sky Express may still be operating

Despite the deadly Virginia bus crash which tarnished their name, Sky Express may still be running buses … possibly under a completely different name. Their Web site brings up a 404 error. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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