Word: shared
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...Shares of Wells Fargo, which uses a red horse-drawn carriage as its corporate mascot, have risen nearly 200%, to $24 per share, in less than three months. And while the stocks of all banks are up over that period, Wells Fargo's increase is more than double the rise of the KBW Bank Index. As a result, Wells' shares are starting to look pricey - and the bank is still facing tens of billions of dollars more in loan losses in the next two years...
...went like this: If the U.S. government would wipe out Chrysler's shareholders, buy out its bondholders, cut wages and jobs, deal with its retirement liabilities and fund the warranties, then Fiat would take a crack at Chrysler. The Italians would bring their cars to Chrysler's showrooms and share their advanced diesel technology with Chrysler engineers. Chrysler might sell some cars in Fiat's markets - Jeeps may have the best overseas appeal. Marchionne would lend his managerial chops. And if things worked out, Fiat would take a controlling share...
...bankruptcy, along with Chrysler's, will certainly help drive down the U.S. market share of the Big Three and open the door further to nimble and more well-funded competitors, including Toyota (TM), Honda (HMC), Nissan and Hyundai. It would be surprising if Detroit has only a 30% share of the U.S. car market by the time vehicle sales recover even modestly, probably in 2011. (See pictures of Detroit's decline...
...news for an already beleaguered Republican Party. Just five years ago, the GOP thought it had begun a conquest of the Hispanic vote, but it saw its share of that electorate plunge 13 points in last year's presidential election, when Obama persuaded Hispanics that they could trust a liberal black candidate to champion their interests after...
...Around the same time, the Ravidasias, a lower-caste community who are not considered Sikhs though the groups share some similarities, including worship in gurdwaras, swelled in numbers among Austria's Indian diaspora. Disgruntled lower-caste youths from an increasingly prosperous Punjab - where the landed castes have been reaping the benefits of the Green Revolution since the 1950s and 1960s - were making their way to Europe in droves. "What we see now is a result of rising Dalit assertion," says Vinayak. "The lower castes set up their own gurdwara, splitting the congregation and the [revenue from the] offerings...