Word: stockings
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Underwriting the public stock offerings of Sears Roebuck in 1906 and F.W. Woolworth & Co. in 1912 put the firm on the map. And from there, Goldman--long stigmatized as an outsider "Jewish" firm by its white-shoe rivals--plows on, evolving from what Ellis terms a "marginal eastern U.S. commercial paper dealer" into a global-trading, investment-banking and financial-services behemoth...
...investors to bankroll its goal of claiming a 40% market share of the private-medical-services industry in Yunnan. Chu says 60% to 70% of the country's hospitals may ultimately be privatized--a scenario that could advance the company's goal. But investors don't seem convinced. The stock was recently trading at 88% below its 52-week high in January, which Chu blames on volatile U.S. market conditions...
...Bridget Cheng, who co-founded the company in 2000, envisioned bringing a Kaiser Permanente--style managed-care system to China. Sunnylife plans to upgrade hospitals in exchange for 70% ownership. But the challenges of raising capital (upgrading just one hospital costs $11.8 million) have battered the company's stock...
...returned 8.6 percent for the year ending June 30, growing to $36.9 billion—the largest endowment total in higher education. Many other wealthy universities—including Yale, Princeton, Stanford, and MIT—have seen their endowments grow, albeit at a slower pace, even as the stock market has crashed...
After an epic five-day swoon, Asian stock markets stabilized Thursday as investors took heart from a string of worldwide interest-rate cuts aimed at lessening the risk of a global recession...