Word: hsbc
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Dates: during 2000-2009
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...Mickey Mecca - and perhaps threaten Disney's copyright. Stanford professor Lawrence Lessig notes that a long-standing legal hypothetical asks: "What if two people independently wrote the same play?" The answer, he says: "Both get a copyright. Seems fact is stranger than cartoon." THE BOURSE Give 'Em Credit HSBC has for years snapped up assets across Asia and the Americas, but some analysts still balked at last week's purchase of U.S-based Household International for a vault-draining $14 billion in stock. Household, which gives credit and loans to "sub-prime" customers, has a history only a pawnbroker could love...
...over $4 billion. The deal will face strict regulatory scrutiny. There's No Place Like Home Further undoing former CEO Jean-Marie Messier's strategy, Vivendi is moving control from New York back to Paris. Vivendi will also finalize its €12 billion disposal plan this week. Growing Pings HSBC continued its international expansion, buying a 10% stake in China's No. 2 insurer, Ping An, for $600 million. INDICATORS Chocolate Prices Get Hot Cocoa prices hit 17-year highs of $2,317 a ton as rebel forces in the Ivory Coast blocked roads and moved toward the key trading...
...Prancing Horse play the ponies/buy a Ferrari Poker chip call your bookie Sail-shaped patterns junk trip! HSBC headquarters building Don't worry, there's plenty more money where this came from Light bulb Hong Kong is out of bright ideas. Purchase a flat in Shanghai
South Of The Border HSBC, the world's second-largest bank (after Citigroup), continued its U.S. expansion, buying Mexico's Grupo Financiero Bital for $1.14 billion...
BOTTOM LINES "Staff are hugely enthusiastic about their jobs, they dress well. In all cases the performance in the U.K. is inferior." Keith Whitson , HSBC CEO, on why his call centers in India and China are better than their British counterparts...