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...Finances Naturally, some Londoners are worried that organizers won't be able to stick to their ?9.3 billion ($14.8 billion) budget and taxpayers will end up shelling out any extra money required. Of the public Olympic financing bodies, the British government is kicking in nearly ?6 billion ($9.5 billion), the National Lottery ?2.2 billion ($3.5 billion) and the city government ?1.2 billion ($1.9 billion). There's also a second budget of ?2 billion ($3.2 billion) that is being privately funded. Still, it's difficult to say how much will eventually be spent to host the event. "No one will ever...
...tenure was marked by several major acquisitions, including FleetBoston Financial Corp. in 2003 for $47 billion, credit card giant MBNA in 2005 for $35 billion, Countrywide Financial Corp. in 2008 for $4 billion, and Merrill Lynch in 2008 for $50 billion...
...garnered plaudits as he climbed the firm's rungs over 40 years, but he has absorbed a series of blows for his stewardship of the company during the financial crisis - particularly his bold takeover of Merrill Lynch in September 2008, which many critics believe was not worth the $50 billion price tag. Merrill went on to lose more than $15 billion in the fourth quarter last year; Bank of America's stock price has since fallen by half...
...world, it would seem like cause for celebration. After years of devoting the bulk of U.S. aid to Pakistan to military assistance, Washington is about to shift that equation. Under legislation approved by the Senate last week and by the House on Wednesday, Pakistan can expect to receive $1.5 billion of non-military (or civilian) aid for each of the next five years, which triples previous levels and will roughly balance out the amount of military aid the U.S. gives to Pakistan...
...segment is getting crowded. Toyota, Volkswagen, GM and Nissan are expected to roll out small cars in India over the next two years. Suzuki India, king of the tiny automobile, is investing $2.28 billion in the country over the next five years to upgrade factories and strengthen distribution for a raft of new models. Even GM on Sept. 24 announced an unusual collaboration with Bangalore's Reva Electric Car, makers of the G-Wiz, to produce small, affordable electric vehicles for India. Mulally said recently that India would play a big role in accelerating Ford's presence in the Asia...