Word: yamaichi
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Dates: during 2000-2009
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...means ordering just enough layoffs and cost cuts to qualify for another lifeline from the banks?themselves staggering under $1 trillion in bad debts. Meanwhile, the corporate graveyard is crowded with foreign investors who tried to make over Japanese failures. Most recently, Merrill Lynch, which bought out securities firm Yamaichi, is beating a retreat...
...means ordering just enough layoffs and cost cuts to qualify for another lifeline from the banks--themselves staggering under $1 trillion in lousy debts. Meanwhile, the corporate graveyard is crowded with foreign investors who tried to make over Japanese failures. Most recently, Merrill Lynch, which bought out securities firm Yamaichi, is beating a retreat...