Word: bond
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Creditors and bondholders are also taking a hit as WorldCom struggles with its $32 billion of debt. Dozens of mutual funds, banks and financial-services firms are exposed, including Bank of America, Citigroup, Deutsche Bank and GE. Citigroup holds an estimated $335 million of WorldCom bonds and could face lawsuits as a result of its cozy ties to the telecom. In May 2001 Citigroup co-underwrote, along with J.P. Morgan Chase, an $11.9 billion WorldCom bond issue. Buyers of those bonds may move to sue the banks, claiming they failed to properly inspect WorldCom's books...
...that scene when you're playing a duet on the piano, you really conveyed that these two men have a father-son bond...
...desert flower" in Somali) Dirie fled her family when she was about 13 to escape marriage to a man old enough to be her grandfather. She landed in London as a servant to wealthy relatives and worked as a cleaner at McDonald's before becoming a supermodel, a James Bond girl, a U.N. special ambassador and a best-selling writer. Her second book, Desert Dawn, was published in Britain last week. Hard to believe? Only until you meet Dirie. A warm but somehow elusive woman in her mid-30s - she doesn't know her age, nomads having little...
...forced resignation Tuesday sent shock waves throughout markets on both sides of the Atlantic. Shares in Vivendi fell as much as 40 percent on the Paris Stock Exchange that day as Le Monde questioned the company's accounting practices and Moody's cut Vivendi's credit rating to junk bond status. In New York, other big media stocks tumbled as well, including AOL Time Warner (corporate overlord of this writer) on renewed fears that the accounting for such large, multidimensional companies had become too hard to follow. By Friday the stocks had made an uneasy recovery - the prices...
...climax?unsurprisingly, it involves a lot of water?is marred by an implausible and unnecessary epilogue. It makes you wonder if Nakata is weary of the horror genre?or, perhaps, is evolving beyond it. Suspenseful as it is, Dark Water is more successful as a portrait of the bond between a single mother and her child in alienating urban Japan. The deeply felt domestic pathos raises the movie above the average thriller...