Word: credititis
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...financial problem is simple. When Hands bought the 113-year-old British company in August 2007 - just before the credit crunch hit - both he and Citigroup expected he'd be able to finance the $4.2 billion in debt he'd taken on to close the deal. Hands also believed he could quickly turn around EMI's long-struggling record division...
...turning out to be hot commodities. Merrill Lynch is not alone. The failures of Lehman Brothers and Bear Stearns have produced hunting grounds for other firms as well. But either because Merrill was a larger firm or because it didn't have as big a role in sparking the credit crisis as Lehman or Bear, it seems that no firm on Wall Street these days is without a former top executive from Merrill Lynch...
...third period, it was a combination of Northeastern wearing us down and us running out of gas,” Donato said. “Give Northeastern a lot of credit, but for us, the bench got too short, too soon...
...That’s a lot of minutes for Doug,” Amaker said. “Give all these kids credit for stepping...
...give them a lot of credit for how hard they played—fighting back, being down by a lot, getting back in,” Amaker said...