Word: morganize
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...stay one step ahead of the sharks, er, shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division, a deal that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small fourth-quarter...
...best-selling audio Bible, Inspired by ... the Bible Experience, has an all-star cast including Angela Bassett, Cuba Gooding Jr., Samuel L. Jackson and Forest Whitaker - all African American. Meanwhile, Jones' only real competition for the role of God - at least until Denzel Washington gets a bit older - is Morgan Freeman. Jones is the Old Testament God, fierce and forbidding. Freeman is the New Testament version, all wise and all knowing, to be sure, but more approachable. He has done it twice in movies, has been the VOG in commercials for Listerine and Visa cards, among other products...
...time I joined the American Civil Liberties Union board of directors in 1988, Charles Morgan Jr. had already departed, but his legacy there was larger than life. A native of Birmingham, Ala., the iconoclast, who died Jan. 8 at 78, fought the city's segregationist leaders in the early 1960s. His vigorous condemnation of the 1963 church bombing that killed four young black girls led to the loss of his law practice...
Following that, Morgan opened the ACLU's Atlanta-based Southern Regional Office, which continues today as one of the nation's foremost defenders of voting rights. He notably argued Reynolds v. Sims, a landmark Supreme Court case that ended the rural South's dominance in state politics, and his office challenged the exclusion of blacks from juries and represented black death-row inmates convicted by all-white panels. "The jury box and the ballot box," he said, "are the only places where citizens can tell their government what to do and the government has to listen...
...Deutsche Bank (DB), the largest bank in Germany, said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...