Word: stocking
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Gorman has said that while the firm will shut down part of its trading desk it has no plans to fully exit the investment-banking business. It still plans to advise clients on mergers and manage stock and bond offerings, as well as complete trades for others. Gorman recently told employees at a town-hall-type meeting, "The heart, the DNA - the fabric of this place - has always been the institutional securities [investment banking] business and, frankly, should always be ... That's our roots." (See 25 people to blame for the financial crisis...
...past year, but its ranks of investment bankers have fallen by a slightly steeper 10%. And in underwriting, a key investment-banking business, Morgan has continued to lose ground. Through the first six months of this year, Morgan ranked as the sixth largest underwriter of stock and bond offerings, down from fourth two years...
...talk most about the challenges of staying at home - as a family - for days on end. "It sounds real easy, but that's not the way it works," says his father. "I hated it when I was doing it," says Hayden. "I was inside for like three weeks straight." Stock up on games, movies, books and extreme levels of tolerance. Sometimes the gravest threats are the ones we know all too well...
...tempting to just stand stock-still and squeeze your eyes shut and wait for the moment to pass, or else hoard canned goods and assume the worst. This has been an awfully ugly summer of argument, and you'd be forgiven for concluding that we've lost our will to face or fix anything. We'll just dance with the devils we know, thank you. But if you look past Washington, past Wall Street, turn down the volume and go outside and walk around, you'll find the parcels of grace, of ingenuity and enterprise - people riding change like...
...case of desalination in Singapore, Ong adds, the water becomes so clean that minerals have to be restored for it to be consumed. In 2008, Hyflux reported net profits of $40 million, a 79% increase over the previous year, on revenues of roughly $382 million. Hyflux's stock has jumped almost twentyfold since its public listing...