Word: solding
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...Monday, John Thain, who was Merrill's chief executive when the firm sold to BofA, got the top job at troubled lender CIT. Thain said he was interested in the opportunity to revitalize the small-business lender. "CIT can and will serve an important role in the recovery of the U.S. economy and the creation of jobs," Thain told reporters...
...process. It was by far the most successful Internet IPO since the dotcom bubble burst in 2000. One of its earliest investors, in fact, was Google - before the company entered the China market in 2006. It paid $5 million for a 2.6% stake in Baidu in 2004. But Google sold its stake in Baidu for about $60 million two years later, and entered the search business in China on its own. It was game...
...after back-to-back conference losses and forced to overcome a series of injuries to core players, the Crimson had a lot to ask of its young talent on Saturday night. Harvard’s underclassmen guards provided the answer the Crimson needed, and with a sold-out crowd blaring its support from the stands, the crew pushed Harvard to a definitive 80-66 win at Lavietes Pavilion...
...rapid-growth Asian economies - including China's - succeeded by latching onto the expanding forces of globalization, through free trade and free flows of capital. South Korea, Taiwan and Singapore may have had active bureaucrats, but the true source of their economic growth was exports manufactured by private companies and sold to the consumers of the world. Asia's growth story is more a testament to the dangers of state meddling than its virtues. Just look at Japan, which has been suffering for 20 years from the damage caused by too much bureaucratic interference...
...Suan Tang Yu The suan tang (sour soup) of Guizhou province, laced with tomato and chili, is the house broth at this Chaoyang eatery, and it goes superbly well with fish. Catfish is one of the more popular choices, sold by weight and carried flapping and thrashing to your table as proof of freshness before returning as your dinner. Together with accompanying noodles, tofu and vegetables, you have the makings of a real feast. About $17 for two, tel: (86-10) 8575 1765. English menu and photos available...