| ITT Educational confident in 2008 view
CARMEL, Ind. - Post-secondary education provider ITT Educational Services Inc. said Thursday it is "confident" it can achieve 2008 earnings per share of $4.50 to $4.60 despite the reduction in lender subsidies under federal student loan programs and tight credit markets which are pressuring students. Analysts surveyed by Thomson Financial expect full-year profit of $4.47 per share, on average. The company said it expects to continue to improve student retention, but believes future increases in the quarterly persistence rate will moderate from 2007 levels. "Recently, there has been a lot of speculation in the market with respect to the ability of our students to obtain the financing needed to pay their education costs," said Chief Executive Kevin Modany in a statement. "This speculation was caused by a recent reduction in lender subsidies under the federal student loan programs and the current credit crunch that arose from the subprime mortgage crisis." ITT said it has arranged for Bank of America, Chase Education Finance and Citibank, The Student Loan Corp.
Red Mosque Opration
Musharraf should go, his presence is destabilising the country. He and his government are unpopular. An elected government should take power. The Islamic system of government IS secular, not Taliban. We true followers of the Prophet (PBUH) do not beleive in a theocracy or any kind of mullah hood. We follow the way of our prophet, we have no formal clergy so we cannot have a form of government which is not secular.
Imran Ahmed, Pakistan
RESPONSIBILITY? Who is responsible for the Red Mosque carnage?- PAKISTANI MINDSET. DIFFICULT AND PAINFUL FOR ANY PAKISTANI TO ADMIT. THE PAKISTANI MINDSET IS DRIVING THE NATION TO AN ABYSS. BLAMING OTHERS WILL NOT HELP.
A. V. RAO, United States of America
Islamic Republic Of PakistanMuhammed Ali Jinnah's Pakistan was called just Pakistan and Ayub Khan thought that it would make the mullahs happy by calling it Islamic Republic Of Pakistan just like General Zia passed the hadood ordinance in order to make the mullahs happy.
Restoration Hardware Enters Into Amendment to Merger Agreement With ...
CORTE MADERA, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. (NASDAQ: RSTO) today announced that it has entered into an amendment to its previously announced merger agreement with certain affiliates of Catterton Partners. Under the terms of the amended merger agreement, all of the outstanding shares of Restoration Hardware, other than those exchanged by certain stockholders participating with Catterton Partners in the transaction, will be acquired for a price per share equal to $4.50 in cash. The $4.50 per share cash consideration represents a 68% premium to the closing price of Restoration Hardware common stock on November 7, 2007, the last trading day prior to the initial announcement of the original merger agreement. The total equity value of the transaction is approximately $179 million.
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