Word: bond
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...goes, so goes Oakland County,' " Patterson said a few weeks ago. "Not true!" He apparently believes that Eight Mile Road, the fabled thoroughfare that defines Detroit's northern border, is an impermeable membrane insulating his county from the city's ills. But Patterson knows that Oakland's prized AAA bond rating is in peril because the rating agencies are mindful of the county's proximity to Detroit to the south and Flint to the north. A downgrade could cost his constituents millions of dollars, and as the situation in Detroit deteriorates, he and his counterparts in adjacent counties will have...
Gorman has said that while the firm will shut down part of its trading desk it has no plans to fully exit the investment-banking business. It still plans to advise clients on mergers and manage stock and bond offerings, as well as complete trades for others. Gorman recently told employees at a town-hall-type meeting, "The heart, the DNA - the fabric of this place - has always been the institutional securities [investment banking] business and, frankly, should always be ... That's our roots." (See 25 people to blame for the financial crisis...
...past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...
...coincidence that the two species that pass Hare's pointing test also share a profound cross-species bond. Many animals have some level of social intelligence, allowing them to coexist and cooperate with other members of their species. Wolves, for example--the probable ancestors of dogs--live in packs that hunt together and have a complex hierarchy. But dogs have evolved an extraordinarily rich social intelligence as they've adapted to life with us. All the things we love about our dogs--the joy they seem to take in our presence, the many ways they integrate themselves into our lives...
...violation of securities-fraud laws because it is considered to be more damaging to the credibility of the market. In the 1990s, several executives of Salomon Brothers were suspended from being officers of a securities firm after they failed to disclose big losses by one of the firm's bond traders...