Word: mitsubishis
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...fishing fleets in the Mediterranean, was last year worth about $1.6 billion. Today tuna fleets use high-tech spotter planes buzzing over the Med during the summertime tuna-spawning season in search of shoals that have escaped the trappers. The industry's major players are massive multinational corporations like Mitsubishi, the world's biggest tuna trader - Japan imports the bulk of bluefin tuna caught in the Med. Some of the larger companies have created state-of-the-art tuna ranches in the Med's deep waters, where bluefin tuna swim into giant nets and are fattened over a period...
Exactly two weeks after Mitsubishi UFJ Financial Group, Japan's top lender, tossed a $9-billion lifeline to Morgan Stanley - in exchange for a 21% stake - Mitsubishi UFJ is in need of some help itself. On Monday, Japan's largest bank said that it needs to raise $10.7 billion in capital and will be selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index...
...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...
...institutions - which have all recently invested in 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...
...hard. So maybe dancing can be revenge. But revenge itself is a timeworn plot for a story with a female protagonist (e.g. “Kill Bill”). Similarly, Britney and her music videos are like a comfortable old sock. They feature familiar imagery: the car chase? Any Mitsubishi ad. A man’s chest glistening in a shower? Gillette. Hotel room? Ikea. But that’s why we keep on lovin’ Brit. We can buy or sell her sexuality as a memory that accompanies any shiny car or anime film or spy unitard...