Word: purchaseed
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Paulson's embattled bailout plan—intended to bolster confidence in faltering U.S. financial institutions—would allow the federal government to purchase up to $700 billion of difficult-to-sell securities in an effort to cleanse the country's ailing financial system.
In a year of historic market turmoil, many of the nation’s wealthiest universities beat the trend of negative returns—with Harvard leading the pack. Though Harvard’s 8.6 percent return on its investments through June 30 was down significantly from previous years, it...
Scharfstein noted that Warren Buffet’s purchase of $5 billion of Goldman Sachs preferred stock was a step in the right direction.
Under a five-year pilot project called Purchase for Progress, the foundations will help 350,000 or so small farmers in 21 countries, most of them in Africa, to grow food for the U.N.'s World Food Program, the biggest food aid distributor in Africa. Rather than simply buying the...
The recent market turmoil has directly affected the career paths of Harvard undergraduates who spent their summers interning at many of the global financial firms whose balance sheets have deteriorated in the last few weeks. A number of these students, who interned at investment banks such as Lehman Brothers, have...