Word: morganization
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...both of them went free. After that, for years the trail went cold. Mona Lisa was reported to have been shipped to Switzerland or South America. She was in an apartment in the Bronx, a private gallery in St. Petersburg or a secret room in the mansion of J.P. Morgan. In fact, she had never left Paris. The thief turned out to be Vincenzo Peruggia - the Hooblers spell it Perugia - an Italian house painter and carpenter living in France, though he was arrested for the crime - in December 1913 - in Florence. He had gone there with the painting after contacting...
...reducing Chrysler's $6.9 billion of outstanding debt for the second time. The bondholders had earlier agreed to accept $4.5 billion; on Friday they reduced the amount further, to $3.75 billion. A final deal with creditors much be reached by May 1. Among Chrysler's biggest bondholders are JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. Even if Chrysler reaches a deal with its major creditors it may still decide to enter Chapter 11 as a way to further clean up its balance sheet...
...Senate banking committee chairman Chris Dodd of Connecticut, facing daunting odds for reelection in 2010 and determined to show his independence from Wall Street, has produced a tough bill that would largely prevent issuers like Bank of America, Citibank, JP Morgan Chase, Capital One and American Express from raising rates on customers even when cardholders miss payments or their credit rating tanks. "Americans do not deserve to be pushed down the economic ladder by credit card companies," Dodd said as he rolled out the bill, "It's wrong, it's unfair, and it must...
...month high. The binge is being fueled in part by optimism that Beijing's $565 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities at J.P. Morgan in Hong Kong, wrote in a report this month...
Zimbabweans cheered when the government of national unity was formed in February by President Robert Mugabe and his erstwhile foe Morgan Tsvangirai, who is now the country's Prime Minister. But ordinary folks say they are not happy with what has happened since. Half the population of about 13 million is facing hunger; a raging cholera epidemic has claimed more than 4,000 lives since last year; and the economy has continued to be inert, as it has been for almost a decade now. The world economic crunch has not helped the situation. "We are yet to see results...