Word: stockings
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...year history of New York Mercantile Exchange futures - amid fears of political unrest in the wake of oil-rich Venezuela's recall referendum on President Hugo Chávez. The soaring price might not signal a return to the 1970s oil shocks, but it was enough to cause stock markets to tumble and prompt economic leaders to warn of the threat to global economic growth. Right on cue, here comes Saudi Arabia to save the day. Last week the kingdom said it was prepared to pump an extra 1.3 million bbl. a day to bridge the supply gap. Normally, even...
...headquarters of Prudential Financial Inc. in Newark, N.J., would not seem like an obvious target for terrorists. It is neither a venerated symbol of American capitalism like the New York Stock Exchange building nor an iconic piece of modern architecture like the Citigroup building in midtown Manhattan, which houses America's biggest bank. It looms over a city that was once the very symbol of urban blight in America. On a clear day the more famous spires of Manhattan are visible from Newark, and so too is the empty space in the skyline on the island's southern tip, where...
...Bondi needs Parmalat's big creditors - of whom the banks are the biggest - to approve his restructuring plan by the end of this year. Critically, that involves persuading them to convert their debts into equity in the slimmed-down postbankruptcy Parmalat, which Bondi hopes to float on the stock market as early as next year. And right now, the banks don't sound too happy with Bondi. UBS says it believes its transaction was "entirely valid" and that it will vigorously fight the case. Citigroup says that "Mr. Bondi's hostility toward the banks is a cynical tactic." Deutsche Bank...
...always had a theatrical energy - no great-lady airs; rather, a practical charm, an energetic poise that could make any impromptu sentence as persuasive as a speech from a Philip Barry comedy. At the time of her marriage to Kirkland, she was parading it on stage, ?appearing in summer stock in New England,? the Sun obit observes, ?as well as pre-Broadway engagements of more ambitious plays.? The Missing in Action Website, which highlights female pioneers in TV production, reports that Phyllis ?showed her maverick nature by traveling war-torn Europe in a USO tour of Noel Coward?s ?Blithe...
Rank-and-file employees could get the short end of the stick if companies are required to count stock options as an expense--which is almost certain to happen this year or next. Seventy-four percent of firms would reduce or eliminate broad-based option plans, according to a survey out last week from Mellon Financial's Human Resources & Investor Solutions group. But only 25% said they would cut back on options for executives. At right are some ways companies say they'll try to make up the lost options to their nonexecutive employees. Requiring firms to expense options would...