Word: deal
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...began raising a $5.6 billion war chest to increase his firm's international footprint. Tokyo's biggest investment bank said it would buy the Asia operations of Lehman Bros., the bankrupt Wall Street firm, and was in negotiations to take over its European operations as well. The $225-million deal saves the jobs of about 3,000 Lehman employees, some of whom expressed surprise as well as relief that they might keep their jobs. "Now we have a parent with money, an understanding of the region, and a desire to expand globally," says a Lehman employee in Hong Kong...
...billion; last week Gao Xiqing, CIC's chief investment officer, was in New York for talks with Mack about expanding that stake. But buying 10% or more of the investment bank would have required a U.S. government review, a process that would be much easier for a private deal coming from a close U.S. ally than one coming from a government controlled sovereign wealth fund from China. "You have the [U.S. Treasury Department]asking the taxpayers to absorb all the bad debts from these banks' balance sheets," says a western banker who occasionally advises the CIC, "and then...
Health officials are struggling to educate women who have had an abortion about avoiding additional unwanted pregnancies. "People in the family planning and abortion community are trying to deal with this head on," Jones says. "We have an obligation to women who are experiencing multiple unintended pregnancies to do what we can to help them avoid subsequent unintended pregnancies...
...also agreed to take part in the deal during negotiations, providing a $30 billion backstop to help JP Morgan complete the deal...
...Talented employees will go elsewhere and clients who don’t want to deal with the turmoil will look to other firms to do business,” Rose said. “In addition, there are big cultural differences between Morgan and Bear, and solving these issues is a big exercise of time and attention...