Word: statements
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...Sept. 25, HSBC announced that its chief executive, Michael Geoghegan, will relocate his office back to Hong Kong in February, 2010. The decision is yet another sign of the growing economic influence of Asia. Calling Asia the bank's "strategically most important region," HSBC said in a statement that Geoghegan's move "further positions the Group for the shift in the world's center of economic gravity from West to East." (See 10 big recession surprises...
...months ending in June, HSBC's U.S. personal-financial-services business posted pretax losses of $20 billion. In March, HSBC announced its consumer-finance operation wouldn't issue any more loans and would begin winding down its business (except for credit cards). Chairman Stephen Green said in a statement at the time that the Household purchase was one "we wish we had not undertaken." (See pictures of the global financial crisis...
...emphasize that the GSAS and Harvard more broadly do not condone or tolerate harassment—physically, verbally, or electronically—of any member of our community,” Harvard spokesman Jeff Neal wrote in an e-mailed statement. “As is our policy, and consistent with privacy rules, we will not disclose the details of this former student’s case...
...claiming victory, Merkel said she wanted to be a "Chancellor for all Germans, so Germany does better, particularly in a crisis." Most commentators have interpreted that statement as a signal to the FDP that it's the CDU who will make the big decisions. Merkel says her top priority will be to create jobs and get the economy back on track. The question of how that's best done is likely to define the new government...
...whole society here," John Ging, head of the U.N. Relief and Works Agency in Gaza, told TIME on Sunday. "It's a tinderbox, this place, ready to explode at any time." After a cross-border attack on the recent Jewish holiday of Rosh Hashanah, the Israeli army released a statement warning that it would "respond harshly to any attempt to break the calm in Israel's southern communities." (See a video of Gazans celebrating the end of Ramadan...