Word: investors
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...about its relationship with neighboring China. The two nations have battled for centuries, last going to war in 1979 when Beijing sent troops into Vietnam to punish Hanoi for ousting the Khmer Rouge in Cambodia and installing a Vietnamese-backed government. Today, China is a huge trading partner and investor in Vietnam - providing cash that the country desperately needs. (See pictures of the China-Vietnam border...
...group of Harvard professors have petitioned the Securities and Exchange Commission to alter its current proposal to give shareholders the power to nominate members of company boards, a change they say would increase companies’ exposure to volatile investor sentiment...
...sell a controlling stake in its European business to a consortium of Canadian-Austrian car-parts maker Magna International and Russia's Sberbank. According to the German tabloid Bild, the German government has told GM's chief negotiator, John Smith, that Berlin will consider GM's preferred investor, the Belgian industrial group RHJI, as long as it teams up with a partner from the automotive industry. (See TIME's photo-essay "GM's Eight Great Hopes...
...which escaped a potentially lengthy legal battle in the U.S. and the possibility of a hefty fine, there is a determination to restore investor confidence. "We will comply with every law in every country where we operate," spokesman Serge Steiner told TIME. "And we are committed to winning back clients' trust by being profitable and providing excellent service." (Read "The Scandal of Secret Swiss Bank Accounts...
...particular contempt for the all-but-absent SEC ("one of the most dysfunctional and inept periods in the commission's history"). Also in her sights: Fairfield Greenwich, a tony hedge fund that funneled more than $7 billion into Madoff's pockets, and J. Ezra Merkin, a major-league Manhattan investor who received a staggering $470 million in fees from Madoff. Merkin vacuumed up $2.4 billion from a veritable Who's Who of Jewish New York, including Holocaust survivor and Nobel Prize winner Elie Wiesel and Yeshiva University. "You were nothing more than a glorified mailbox," one of Merkin's investors...