Word: acquirees
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On Tuesday, France, Belgium and Luxembourg said they'd pump $9.2 billion into troubled bank Dexia after news of its U.S.-linked losses sent its share price falling 30%. That followed Sunday's announcement that Fortis, the Dutch-Belgian insurance and banking giant, had been partially nationalized through a $16.4...
To halt this implosion, somebody has to leverage up, not down, and acquire assets, not sell them. The government is the institution in by far the best position to do so. The Federal Reserve System can play this role on a short-term basis - halting panics by lending dollars in...
The declines come after investment bank Lehman Bros. filed for bankruptcy and Bank of America reached a deal to acquire Merrill Lynch. The biggest worry of Asian investors, however, isn't so much the stability of Asia's own financial system. For the most part, Asian banks and securities firms...
The disconnect on security between the U.S. and the government of Iraq crystallized Friday, as Washington made clear it is in no rush to pull troops out of Iraq, just as Baghdad made it clear it's shopping for 36 F-16 jet fighters that could end up costing the...
Still, U.S. officials inside and out of the Pentagon were quick to say Iraq needs such high-powered weapons, and that the U.S. defense industry would be more than glad to supply them. "We sometimes roll our eyes when foreign defense ministers come here and want to buy fighters and...