Word: chasings
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Dates: during 2000-2009
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...DiVirgilio's latest chase didn't end that way. Last weekend, a suspected bike thief outran the former Marine. Standing near Currier House, as officers fanned out across the Quad looking for the suspect, she muttered...
Wednesday's announcement of a mega-merger between J. P. Morgan and Chase Manhattan signals much more than the union of two of the greatest names in American banking...
...pair's $660 billion in combined assets is designed to catapult the new company, to be known as J. P. Morgan Chase & Co., into an elite group of American mega-banks in competition with rivals in Europe as well as Japan. "The U.S. has the world's largest capital markets, and dollars are used everywhere," explains Ron Mandle, an analyst with Sanford C. Bernstein & Co. "This deal helps consolidate America's role at the epicenter of global finance...
...capital or expertise to buy and sell companies, float stocks and bonds, and trade in dozens of world markets at the same time. But those that do stand to reap huge profits. Which is why the last nine months have seen a juggernaut of billion-dollar acquisitions as Chase, Morgan Stanley Dean Witter, Goldman Sachs and other U.S. firms increase their global presence...
...enough. The firm was already losing out on business to bigger rivals, and CEO Sandy Warner had warned employees - who own 30 percent of the stock - that the bank could face a takeover if revenues did not pick up. The merger is designed to solve that problem by combining Chase's huge client base with Morgan's investment expertise. "This is a story about growth," says Warner. "It's really that simple...