Word: wound
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...keep a portion of the loans they sell as asset-backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused by the bankruptcy of Lehman Brothers a year...
However, some observers worry that all the discounting and secondary lines could tarnish a brand's upscale image in the long-term. "You want to avoid the Pierre Cardin catastrophe," says Sanford C. Bernstein & Co. analyst Luca Solca, who was referring to the way Cardin's apparel wound up in bargain basement bins at discount retail stores because there were few checks and balances to control quality, distribution and pricing. (Read "Recession? Not in New Delhi's Luxury Stores...
That's a tough one. Ken Jennings wound up winning 74 times. I'm not sure we're going to see that kind of success ever again. He was with us for 4½ months. My gosh, I was spending more time with Ken Jennings than I was with my wife...
...controlled the ball in BU territory for the first half of the game. Despite pletny of opportunities on goal—such as a shot from senior Desmond Mitchell that went just wide and an Akpan header over the net—both teams remained scoreless as the clock wound down to halftime. Things began to heat up for Harvard in the 36th minute of play when two successive corner kicks finally helped the Crimson find the Terriers’ net. Senior Adam Rousmaniere drilled a corner to classmate Kwaku Nyamekye, whose shot was redirected out of bounds...
Finn M.W. Caspersen, a graduate of Harvard Law School and a prolific philanthropist who raised and donated huge sums to the Law School, died last week of an apparently self-inflicted gun-shot wound. Caspersen, the former Chairman of the Beneficial Corporation, a consumer finance corporation, donated over $30 million to the Law School and served as the chairman of the successful capital campaign which ended last year and raised $476 million, the most successful fund-raising campaign in the history of legal education. Caspersen’s death comes at a time when his fund-raising abilities may have...