Word: mega
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...Deep Throat millions never got to Damiano - how does a director put muscle on the Mafia? - but it did allow him to pursue his dream of being a respected film auteur, though still in hardcore. Most directors with a left-field mega-hit would instantly crank out another picture in the same genre. Not Damiano. He used his cash, and cachet, from his silly porno comedy to make a super-serioso drama: Devil in Miss Jones. And this time under his own name. Reading the script, Reems told his friend: "Gerry, it's a steal. This is No Exit...
Shares of Japan's top three mega-banks - so recently perceived as impervious to the subprime-sparked crisis - tumbled along with it, in what is now the biggest decline in bank shares in 21 years and the latest sign that the global economic crisis is spreading further into Japan's financial system. Mitsubishi UFJ and Mizuho Financial Group, Japan's second largest bank, led the fall with shares dropping 15%, followed by an 11% drop in the shares of Sumitomo Mitsui Financial Group, Japan's third-largest lender...
...foreign financial institutions - were considering selling new shares to shore up their [working capital] triggered the decline. The move would dilute banks' earnings per-share, compounding investor worry that the appreciation of the yen will further reduce share value and corporate profits. Mitsubishi UFJ, like Japan's other mega-banks, avoided damage caused by the subprime crisis, but its stock portfolio is now taking a hit as the Nikkei and Tokyo Stock Price Index (Topix) continue to fall and wipe value from its balance sheet. One credit analyst estimates that since the end of June, the total stock value held...
Japan's banks have worked to reduce their shareholdings, but economists and bank analysts have mixed views on just how much exposure banks now have to stock price movement. Hironari Nozaki, a bank analyst at Nikko Citigroup, says that mega-banks should be stable even if the Topix plummets to 600 or the Nikkei 5,500. (they closed Monday at 746 and 7,162 respectively). "But," he says, "I don't want to imagine that situation...
...resigned over imbroglios with rich men. He stood down in 1998 after taking a loan from a millionaire colleague to buy a posh house and left government a second time in 2001 after claims, fiercely denied and later dismissed by an enquiry, that he improperly intervened to help a mega-rich Indian entrepreneur seeking British citizenship...