Word: firms
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Even if Citi is not facing more risk in its portfolio of potentially toxic assets, there are plenty of other landmines facing the firm and the market seems to be ignoring them...
...says has no value." Marzotto returns the compliment to his elder: "He's like an old lion. He's trying to roar, like this, but he has no voice." In fashion, as elsewhere, money talks; and by the end of the film Marzotto has cashed out, selling the firm to Permira for $1.1 billion...
...effectively taken a page out of the AIG playbook for gaming the Administration and Congress. Henry Paulson and his associates were led to believe, perhaps rightly, that if AIG failed it would cost other financial companies so significantly that the government would have to bailout almost every large financial firm in the country. GM's argument is even simpler. A liquidation of the car firm would probably cost tens of thousands of jobs at the company, and many times that at suppliers. That argument is also old, but with the chance of liquidation in the next few months becoming more...
...Antitrust lawyers in Beijing were befuddled by the Ministry of Commerce's ruling. "From a purely competitive point of view, this would not have affected the [nonalcoholic-beverage] market," says Michael Gu, a lawyer specializing in corporate finance with the Zhong Lun Law Firm. Before the ruling, a source close to the deal from the Coca-Cola side said, "There is just not a competition issue, no matter how you look at it." He called the proposed acquisition a "marriage made in heaven...
...original version of this story misstated where the lawyer Michael Gu works. He left the firm Allen & Overy last year, and is now at the Zhong Lun Law Firm...