Word: united
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Dates: during 2000-2009
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Just weeks after trumpeting the results of a military offensive in the Swat Valley, the Pakistan army suddenly finds itself under attack on multiple fronts. A day after an élite unit of army commandos secured the release of 39 hostages, bringing to an end a 22-hour siege of its military headquarters that left 25 people dead over the weekend, the Taliban struck again. In the fourth major attack in eight days, a suicide bomber killed 41 people in a marketplace near Swat on Monday, underscoring the militants' enduring ability to strike across the country...
...trying to profess their own cause," said Major General Abbas. "They were trying to justify their own actions." In reply, hostage army officers tried to convince him that he was "on the wrong side." As dawn rose over the 100-year-old British-built army garrison, an élite unit of commandos surrounded the small room where the hostages were being held. At 6 a.m., they launched a 45-minute operation that saw fierce cross fire. Three of the hostages died, but 30 were freed. Two commandos were killed, and three others sustained critical injuries to which they later succumbed...
...latest indication that Citi is for sale came on Oct. 9. The bank sold its Phibro commodities-trading unit to energy and chemical giant Occidental Petroleum. Oxy Pete will pay $250 million for the unit, which specializes in oil and gas trading. Phibro is not a huge business for Citigroup. But it was one of the few businesses that continued to make money for the giant bank during the credit crisis. Phibro and Citi's global payment-processing business have long been seen as two areas in which the bank outperforms its competitors. Now one of Citi's profit jewels...
...just the latest sale for Citi, which has been paring back its businesses for well over a year. Earlier this year, the bank sold its Salomon Smith Barney brokerage unit to Morgan Stanley. Also gone are Citi's Diners Club credit-card business, its Japanese brokerage operations, a technology-services unit and some of its overseas divisions...
...Then there is Phibro. Based in Westport, Conn., the unit was originally included among the businesses that Citi wanted to hang on to. And for good reason: Phibro has been profitable every year since 1997, averaging a gain of nearly $400 million a year for the past half-decade. But earlier this year, it was revealed that the head of that unit, Andrew Hall, had been paid $100 million for his work in 2008 and was set to get a similarly large check for 2009. Citigroup is subject to government-imposed pay caps as a term of the financial...