Word: morganize
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...early June with surprising ease. Selling new shares usually makes a company's stock price go down because the earnings-per-share pie gets cut up into more slices. But many of the banks have been able to raise cash and have their stock price continue to rise. J.P. Morgan, for instance, raised $5 billion in May, yet its stock price rose 14% over the course of the month. All told, the 19 stress-tested banks have raised a total $65 billion since the test was completed...
...result is that many more banks than expected have the resources to repay the billions they got from the Troubled Asset Relief Program back in October. Morgan Stanley, for instance, came out of the stress test a month ago in need of $1.8 billion in additional capital. But in the past month the bank was able to raise nearly $7 billion by selling new shares of stock. The result: Morgan says those stock sales and other moves will allow the bank to repay all of its TARP funds by the end of June. And Morgan won't be alone...
...Stephen Roach is chairman of Morgan Stanley Asia and was the firm's chief economist...
...liable for the 1998 Omagh bombing, which killed 29 people and unborn twins, and awarded more than $2.6 million in damages to the families of those who died in the attack. But as well as bringing relief to the small market town of Omagh in Northern Ireland, Justice Declan Morgan's judgment could pave the way for victims' families around the world to pursue terrorists in civil court cases...
...Monday's judgment finally turned the tables in the families' favor. Four of the accused - Michael McKevitt, Liam Campbell, Colm Murphy and Seamus Daly, none of whom were present in court - were judged to have assisted in the organization and execution of the bomb attack, with Justice Morgan describing the evidence against them as "overwhelming." (McKevitt and Campbell are known to have been members of the Real IRA at the time of the attack, while Murphy was described as having been a member of another IRA splinter group, the Continuity IRA, in August 1998. There is no proof that Daly...