Word: unitized
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...will step in and do what it did for Bank of America (BAC) as its Merrill Lynch unit posted a $15.3 billion loss in the fourth quarter. Citi will also get a program which will guarantee the value of certain bad assets and keep the bank from failing...
...trying to stay one step ahead of the sharks, er, shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division, a deal that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase, which reported a small...
...Avital Leibovitch is constantly reassuring TV audiences worldwide that Israeli troops are going the extra mile to avoid collateral damage in Gaza. However, some Israeli officers speak more bluntly when their audience is domestic. ("We are very violent," the commander of the Israeli army's élite combat engineering unit, Yahalom, told the Israeli press. "We do not balk at any means to protect the lives of our soldiers.") When Israeli forces shelled a United Nations school that left more than 40 dead, the Israeli military initially did its best to back its claim (denied by local U.N. officials) that...
Subaru's customers are, the company admits, a little oddball. How else do you explain the fact that Subaru of America was the only car company to increase unit sales last year? Subaru buyers tend to be overeducated; they buy less car than they can afford and hang on to it forever. "They pay cash, and then you never see them again," says Tim Mahoney, Subaru of America's chief marketing officer. At least not for an average 7.3 years, when they return like migrating carbirds to buy another one. Recession...
Even without answers to these questions, the neonatal unit in the Women's and Children's Hospital in Adelaide is already changing its policies, and giving mothers of premature girls omega-3 capsules through the hospital pharmacy. Makrides says that fish-oil capsules in Australia are stripped of mercury or pesticide residues by law, and so far, taking omega-3 does not seem to have produced any side effects, in either mother or child...