Word: morgan
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Wednesday's announcement of a mega-merger between J. P. Morgan and Chase Manhattan signals much more than the union of two of the greatest names in American banking...
...pair's $660 billion in combined assets is designed to catapult the new company, to be known as J. P. Morgan Chase & Co., into an elite group of American mega-banks in competition with rivals in Europe as well as Japan. "The U.S. has the world's largest capital markets, and dollars are used everywhere," explains Ron Mandle, an analyst with Sanford C. Bernstein & Co. "This deal helps consolidate America's role at the epicenter of global finance...
Unfortunately her vehicle of choice, a 1997 Buick LeSabre, is the very one in which Del stashed his stolen drugs. Equally unfortunately, the guys who offed him (Morgan Freeman's pensive Charlie and his kick-ass protege, Chris Rock's Wesley) are in hot pursuit, intent on recovering the goods and silencing the only witness to their crime...
...good chance of getting onto the podium. Ray's team is a mix of the old and the new; in addition to Dawes, Amy Chow, another '96er, earned a place on the squad; they will be joined by two-time national champion Kristen Maloney, 19; Jamie Dantzscher, 18; and Morgan White...
...heavy lifting was done by a few. JP Morgan, a Dow component, shot up 16 points on speculation that they're due for a merger (word is the old-school suits over there will hold out for an extremely dignified deal). Intel, Cisco Systems and Oracle drove NASDAQ, basically because they're the best bets in a rather shaky tech sector, and investors like to have their portfolios nice and fat before the long weekend...