Word: rivale
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...along with the government. But under the deal, those shares yield no dividends until the government recoups its stake, which it will hold in non-voting preference shares. So no one is expecting many private takers, leaving the government shouldering around 60% of RBS. At Lloyds TSB and HBOS - rival U.K. lenders in the midst of a merger - plans to offer as much as $29 billion in fresh funds would give the government roughly 40% of the combined group...
...University finished 34th in the American Association for Retired Persons Magazine’s “Best Employers for Workers Over 50” list. Harvard placed behind Cambridge rival MIT, which ranked 14th, and Ivy League rival Cornell, which finished first...
...major continental European banks moved much of their trading and investment banking operations there. About 70% of international bonds, one-third of the world's foreign exchange and almost half the total volume of international equities are traded in London, more even than New York, its only remaining rival as the world's financial capital. Hedge funds piled into Mayfair on the heels of private-equity players. Any self-respecting Russian oligarch has a Knightsbridge mansion, sends his kids to élite private schools and has listed his company on the London Stock Exchange. Affluent Chinese, Indians, Middle Easterners...
Harvard (4-3-3, 1-1) is riding high coming off a dominating 3-1 win over the league rival Bulldogs last week. After a 2-0 loss at Penn snapped its six-game win streak two weeks ago, the squad jumped right back on the horse, showing its true capabilities against Yale...
...split is the culmination of three years of factional intrigue within the ANC between the supporters of ousted President Thabo Mbeki, and those of his chief rival, Jacob Zuma. Mbeki had been Mandela's deputy and became party and national president after Mandela's retirement in 1998, with Zuma as his deputy in both positions. But during Mbeki's second term, the two fell out and became bitter enemies. In 2005, Zuma's financial adviser, Shabir Shaik, was convicted of bribing Zuma in relation to a $10 billion arms deal, and was jailed for 15 years. Mbeki sacked Zuma...