Word: morganized
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Muzzling Stock Analysts Who will dare say anything bad about a French company again? That question is unnerving stock-market analysts following a one-two punch last week. The Paris Commercial Court fined Morgan Stanley €30 million for harm done to LVMH, Bernard Arnault's luxury-goods firm. LVMH argued that Morgan Stanley, which has worked for rival Gucci, issued biased reports against it. (The firm will appeal.) A day later, catering giant Sodexho called in French regulators after a Citigroup Smith Barney report sent its stock reeling. Both LVMH and Sodexho said they were protecting themselves against erroneous...
...INDICATORS Mega Money New York-based J.P. Morgan Chase bought Bank One for $58.8 billion, creating the second-largest bank in the U.S. The deal gives J.P. Morgan Chase access to the extended retail-banking network of its smaller rival...
...first-years at Harvard, where they were roommates. Sorensen, a consultant for Morgan Stanley, is a former Rhodes scholar and served as an assistant director of admissions at Harvard. Ujifusa works as a political consultant. Both were Crimson editors...
...recent report, Morgan Stanley gloomily predicted that the Big Three will probably face the "same problems, just less of them." The falling value of the dollar, which makes imports more expensive, should help somewhat. Although an improved economy and job market are expected to nudge 2004 vehicle sales to about 16.8 million (from about 16.6 million in 2003), Detroit's share will probably remain the same or even slip slightly, according to several analysts, as aggressively priced import brands continue to dominate. Here's how the Big Three are fighting back...
...disruptive, violent children. Negligent parents and an ever growing number of unstable families have bred an entire generation of children who live without discipline and receive no adult guidance. If children are being raised this way, what will the world be like when they have their own kids? JENNIFER MORGAN Chicago...