Word: bancorp
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Dates: during 2000-2009
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...remittances, which helped it pick up a nicely rounded $1 billion in profit last year from $3.2 billion in revenue. But several years of 30% profit margins have drawn complaints of price gouging--and a host of new competitors ranging from big U.S. banks (Bank of America, Citigroup, U.S. Bancorp, Wells Fargo) to credit unions to foreign niche players like Remit2India.com and FXRemit.com which caters to Filipinos. Western Union president Christina Gold, 55, a former Avon executive, is responding by giving her firm a makeover. Long billed as the "Fastest Way to Send Money," Western Union has just launched...
...index compiled by U.S. Bancorp Piper Jaffray sank 95% in the two years following its peak in December 1999. Meanwhile, though, business executives have quietly kept their modems switched on. In a survey early this year of 686 large and mid-size companies, AMR Research of Boston found that about one-third were using some form of online exchange. Another third expected to get involved in the next few years. The businesses investing most heavily in B2B were the largest ones, with the clout to compel smaller partners to follow them into cyberspace. Says AMR's John Bermudez: "Companies have...
...STRONG FUNDAMENTALS As investors look ahead to a recovery, they will favor stocks of familiar companies with solid balance sheets that do well on the rebound. Often such stocks also carry the highest dividend yields. Look at banks (AmSouth, U.S. Bancorp), basic materials (Dow Chemical, Lubrizol), energy (Consol Energy), manufacturers (Dana, Ford), real estate investment trusts (AMB Property, Federal REIT), utilities (Con Edison), and food and tobacco (UST, Philip Morris...
STRONG FUNDAMENTALS As investors look ahead to a recovery, they will favor stocks of familiar companies with solid balance sheets that do well on the rebound. Often such stocks also carry the highest dividend yields. Look at banks (AmSouth, U.S. Bancorp), basic materials (Dow Chemical, Lubrizol), energy (Consol Energy), manufacturers (Dana, Ford), real estate investment trusts (AMB Property, Federal REIT), utilities (Con Edison), and food and tobacco (UST, Philip Morris...
Accounts at Suntrust and Dime Bancorp surely form just the exposed layer of the terrorists' deeply buried finances. They may have employed a system of brokers called hawala, which means "in trust" in Hindi. It's essentially an IOU system based on mutual trust and little record keeping...