Word: stockings
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...London Stock Exchange is as quintessentially British as cricket or the BBC. As far back as 1698, dealers met in Jonathan's Coffee House in London's teeming Change Alley to trade prices and shares. When the L.S.E. moved to a new, high-tech headquarters last year, Queen Elizabeth herself stopped by to dedicate it. But today the L.S.E, the battleground for many a corporate takeover, is itself about to be taken over - and neither of its two main suitors is British. Deutsche Börse, operator of the Frankfurt stock exchange, has proposed a $2.41 billion...
Edward M. Lamont ’48, a grandson and biographer of Thomas W. Lamont—the Class of 1892 alum who donated the $1.5 million of shares of J.P. Morgan stock that funded the library’s construction—hopes the library will continue to serve its original purpose as a study space for undergraduates...
...currently spent on administration fees. This figure is in comparison to the 15 to 20 percent companies in Chile are charging their clients to maintain retirement accounts in the country’s privatized system. Moreover, despite its imperfections, the current system provides something privatization cannot: reliability. Just as stock markets rocket up, they also tumble down, often for years at a time. While the current system does not leave the possibility of “making it big” in retirement through high times in the markets, it also does not allow for retirees to be left...
...INDICATORS Trading Places A takeover battle may be planned for the London Stock Exchange. Following a $2.6 billion offer from Germany's Deutsche Börse - which the LSE rejected - the transnational Euronext exchange was reported to be considering making...
...rash of late-year megamergers struck the U.S., including health-care firm Johnson & Johnson's $25.4 billion takeover of Guidant; the long-awaited $10.3 billion Oracle-PeopleSoft marriage; phone provider Sprint's $35 billion merger with Nextel; and the uniting of software companies Symantec and Veritas in an all-stock deal worth around $12.5 billion...