Word: mcdonald
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...coffee! Maybe coffee will save journalism! In June, MSNBC signed a deal to make Starbucks the official caffeinated beverage of its talk show Morning Joe. In 2008 a chain of TV affiliates cut a deal to place McDonald's iced coffee on anchor desks. (Watch an interview with Joe Scarborough...
...Alan J. McDonald, the lawyer for the officers association, said that the decision by the city and police department to drop the charges was made without the association's input. He added that "in retrospect, given the publicity that has transpired, it would have been better to let the matter go forward to a trial of fact so that the truth could have been disclosed by means other than debates in the media that we've seen over the last few days." Gates has said that he is open to the possibility of suing police, and Sergeant James Crowley...
...problem, it appears, is that few people think Citigroup's earnings rebound is sustainable. Following the bank's strong earnings announcement, analyst John McDonald, who covers Citi for Sanford C. Bernstein, cut his estimates of what the bank could make next year. Instead of his earlier projection that Citi would turn a profit in 2010, McDonald thinks the bank will be solidly in the red next year, losing $3 billion. In his report, McDonald said investors should worry about "the earnings power and strategic direction of the franchise amid all the change and increased government ownership now under...
...McDonald is not alone. David Hendler of CreditSights recently lowered his rating on Citi's stock to the equivalent of a "hold." Says Hendler: "Our view is that Citi is in the midst of a large scale disassembly of the global franchise, and the ultimate configuration of the company remains murky...
...were down from a year ago, but it still outperformed Citi in many parts of its business. Investment-banking revenues at Citi, for instance, fell 13% in the second quarter from a year ago; JPMorgan's investment-banking revenues rose 29% in the same time, according to Bernstein's McDonald. Then there's the issue of talent loss. As Citigroup's troubles have continued, the bank has begun to lose executives to rivals. The most notable departure thus far is Ajay Banga, who headed the bank's Asia Pacific operations. He left Citigroup last month for MasterCard...