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2:26am

Fri May 25, 2012
Asia

Hollywood Dreams Led Chinese Firm To Buy Into U.S.

Originally published on Fri May 25, 2012 8:09 am

Moviegoers watch a 3-D IMAX movie at a Beijing theater run by the Chinese company Wanda, which recently announced it was buying AMC movie theaters for $2.6 billion. The move is seen as part of a larger effort by the Chinese conglomerate to move into the U.S. market.
Ng Han Guan AP

One of the big movie blockbusters this year isn't a film, but a business deal.

The Chinese company Wanda, one of that country's leading cinema owners, is buying AMC Entertainment, North America's second-largest movie theater company, for $2.6 billion.

When the agreement was announced in China this week, it did not make a lot of sense at first glance. At least for the buyer.

AMC is loaded with some $2 billion in debt, and movie theater attendance in North America was down 4 percent last year.

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2:25am

Fri May 25, 2012
Your Money

In Tight Credit Market, A Tool For Small Businesses

Originally published on Fri May 25, 2012 8:09 am

Many small-business owners have had difficulty securing loans in recent years. One website grades the nation's banks by the ratio of small-business loans to deposits — and finds that community banks are often most friendly to small business.
Seth Perlman AP

When small-business owners start looking for money to expand, they often begin at a big bank. The banks are highly visible, well-known and often nearby.

But many small-business owners report that they have struggled to get loans in the wake of the economic downturn.

Ami Kassar, CEO of the small-business-loan broker multifunding.com, advises business owners that large banks are "not the best place to start" when looking for a small-business loan.

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2:06am

Fri May 25, 2012
Africa

How Crumbling U.S. Dollars Bailed Out Zimbabwe

Originally published on Fri May 25, 2012 8:17 pm

Zimbabwe now uses the U.S. dollar as its main currency, though the bills are often extremely dirty and falling apart due to constant use. Here a cashier holds U.S. dollars in good condition at a supermarket in the capital Harare in 2009.
Kate Holt Bloomberg via Getty Images

Four years ago, Zimbabwe experienced one of the worst cases of hyperinflation in history. The country abandoned its own currency and switched to the U.S. dollar — a move experts say prevented a complete economic collapse.

But using American dollars has created a host of bizarre issues. The bills are filthy, crumbling and often in short supply. There are no U.S. coins to make change, so chocolate is handed out instead. There is, oddly, an abundance of $2 bills.

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1:51am

Fri May 25, 2012
Shots - Health Blog

Dispatchers' CPR Coaching Saves Lives When Every Minute Counts

Originally published on Fri May 25, 2012 8:09 am

Becky Cole was eight months pregnant with her son Ryan when she passed out. Her husband performed CPR for six minutes with the help of a dispatcher before medics arrived.
Courtesy of Medic One Foundation

Your chances of surviving a sudden heart attack may depend on where you live; some American cities have survival rates five times higher than others. One difference can be 911 dispatchers.

If they coach someone over the phone to give CPR, the chance of surviving goes up. There's now a push to make it universal, but some cities are slow to implement the necessary training.

Becky Cole was eight months pregnant with her fourth child when she collapsed against the bathroom door. It was January 2011 in the Seattle suburb of Woodinville.

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1:50am

Fri May 25, 2012
Around the Nation

Walk This Way: Crossing The Golden Gate Bridge

Originally published on Fri May 25, 2012 12:15 pm

More than 200,000 people crossed the bridge the day it opened in 1937. Many walked. Others ran, tap-danced, roller-skated, unicycled, or strode on stilts.
Courtesy of GoldenGateBridge.org

On May 27, 1937, San Francisco's Golden Gate Bridge opened, connecting bustling San Francisco to sleepy Marin County to the north. The Oakland-Bay Bridge had opened six months earlier — but the Golden Gate was an engineering triumph. It straddles the Golden Gate Strait, the passage from the Pacific Ocean into the San Francisco Bay, where rough currents prevail and winds can reach 70 mph.

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