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| Fri, 28 Oct 2005 08:00:00 EST The Indictments |
| A federal grand jury has implicated Karl Rove and Lewis Libby in the Valerie Plame-CIA spy case. Resignation????Blah Blah Blah,.......... |
| Thu, 27 Oct 2005 16:00:00 EST Detroit catches up on quality |
| The U.S. Big Three closed the gap with the Japanese vehicles on initial vehicle quality, but the Japanese brands still led significantly in durability from 2-8 years, says the chief of the Consumer Reports vehicle test team, David Champion. Addressing a Detroit meeting of the Automotive Press Association, Champion called for such safety enhancers as SUV rear-view cameras and anti-roll stability systems to become standard equipment on all new vehicles. |
| Thu, 27 Oct 2005 16:00:00 EST Understanding EBITDA |
| How much is your small business worth? Or more important, what do other people—like potential buyers—think it's worth? Jeff Cornwall, director of the Center for Entrepreneurship at Belmont University in Nashville, Tenn., has a great post on his blog, The Entrepreneurial Mind about the valuation process. He says the only reason that reputation, employees, or customer base has any value to a prospective buyer is that they all can contribute to cash flow for the new owner. To determine cash flow, the metric that matters is EBITDA (Earnings Before Interest Taxes Depreciation and Amortization): |
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| Fri, 28 Oct 2005 03:16:31 GMT White House Fears Indictment for Libby (AP) |
AP - Working against the clock, Special Prosecutor Patrick Fitzgerald weighed criminal charges against top presidential aides at the end of a two-year investigation that put the White House in a state of high suspense Thursday night.
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| Fri, 28 Oct 2005 03:15:36 GMT Bush Stung As Miers Withdraws Nomination (AP) |
AP - In a striking defeat for President Bush, White House counsel Harriet Miers on Thursday abandoned her bid to become a Supreme Court justice after three weeks of brutal criticism from fellow conservatives. The Senate's top Republican predicted a replacement candidate within days.
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| Fri, 28 Oct 2005 02:57:34 GMT U.N.: 2,200 Cos. Gave Iraq Illicit Funds (AP) |
AP - In a scathing final report documenting massive corruption in the U.N. oil-for-food program, investigators Thursday accused more than 2,200 companies, and prominent politicians, of colluding with Saddam Hussein's regime to bilk the humanitarian operation of $1.8 billion.
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