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...Chris DeWolfe) investors with fat checkbooks. But with its purchase by Rupert Murdoch's News Corporation, MySpace has gone from freewheeling, easy-living Web start-up to establishment player. And as it reluctantly approaches maturity, MySpace has new challenges to face, securing advertisers and innovating new features chief among them. Oh yeah - and a pesky little start-up called Facebook...
...other half got it in the form of a 50-yuan bill, two 20-yuan notes and a 10-yuan bill. More than 90% of the women who received the smaller bills spent the money. Meanwhile, just 80% of the women given a single note spent the money. But among those in both groups who used their cash, the small-bill half spent an average of 56.76 yuan, while the large-bill half spent 67.67 yuan...
...decades pure investment banks like Goldman Sachs and Morgan Stanley dominated M&A. But in the past few years, the ability of the large banks to offer billions of dollars in loans to finance transactions has raised their standing among dealmakers. Citigroup has been the most successful in wresting away this profitable business...
...time being, Citi's M&A team appears unaffected. Shafir says none of the hundred bankers who work in his division have left the firm on their own. And the firm is expected to rank among the top global M&A advisers when the so-called League Tables that rank investment banks come out for the first quarter of 2009 in the next week...
Geithner argued that the power is needed to ensure that a floundering firm doesn't start a domino collapse among other companies doing business with it, thereby posing what regulators call "systemic risk" to the whole economy. "This is a prudent, carefully designed proposal to protect our financial system," Geithner said, arguing that if Treasury had had that power a year ago, it could have handled the collapses of Bear Stearns, Lehman and AIG very differently. Other Democrats said the power isn't so radical at all; the FDIC already takes over traditional banks on the verge of collapse - when...