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August 24, 2009
Reader’s Digest Files for Bankruptcy Protection (Update2)
“Our business operations remain solid, with anticipated fiscal 2009 revenue down only by low single digits,” Chief Executive Officer Mary Berner said in today’s statement. She said Aug. 17 in an interview that Reader’s Digest may emerge from bankruptcy in 45 to 90 days.
Business operations remain solid? Bankruptcy? These two phrases belong in the same paragraph? I'm experiencing serious reader's indigestion.
Q3 GDP Tracking: Flyin' Blind
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From BofA:
Since our last weekly publication, *3Q GDP tracking increased to 2.8% q/q
saar* from 2.6% after 2Q GDP came in at 3.8% in the third estimate.
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11 hours ago
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