Word: jp
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Dates: during 2000-2009
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When entered into the Google Image search bar, “jp oconnor” will yield countless photos of grapplers getting floored by appropriately-named junior co-captain J.P. O’Connor. At 5’9 and 157 pounds, O’Connor looks fairly unassuming, but he wrestles better than nearly everyone in the country. He is currently ranked fourth in the NCAA Division I individual rankings for the 157-pound weight class, with a career record of 93-14 and a 27-2 record this season.A native of Oxford, New York, a town 30 minutes...
...meantime, the discussion has turned to ways to encourage lenders and servicers to modify their own loans. Most, if not all, firms are already doing this, and some, such as JP Morgan Chase, have announced major new efforts, since it is generally in a lender's best interest to keep borrowers in their homes, even if they're paying less. Foreclosure is such a costly process, a lender might easily only recoup half of what it's owed. In August, the Federal Deposit Insurance Corporation instituted an aggressive loan-modification effort at the failed IndyMac Bank, and that program...
...number does not account for the huge reductions in dividends at most big banks which occurred at the end of last year. Citigroup (C), Wells Fargo (WFC), Bank of America (BAC), and JP Morgan (JPM) have already made cuts or are candidates to do so. Firms in media from The New York Times (NYT) to newspaper chain McClatchy (MNI) are low on income and high on debt. Any company with dwindling cash will be on the list of firms which are likely to need dividend reductions to preserve their balance sheets...
...sudden plunge in exports has taken its toll on China's industrial heartland - southern Guangdong province. Jing Ulrich, chairman of China equities at JP Morgan in Hong Kong, believes some 60,000 businesses closed in the region, and the government estimates about 10 million migrant workers are unemployed. The downturn has put "huge stress on the job market," says Credit Suisse economist Dong Tao, which "could cause some social unrest. That's my worry...
...Deutsche Bank (DB), the largest bank in Germany, said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...