Word: ms
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...Citigroup has begun to take itself apart. Its Smith Barney brokerage operation is being merged with a similar business at Morgan Stanley (MS). It is not clear how that is good for Citi, but its executives probably are taking as much care thinking through tearing down the company as they did building...
...Germany, said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...rather laconic communiqué announcing the appointment of German executive Julianne Caspar as the editor-in-chief of the company's 108 year-old Guide Rouge. Sagely, the reports avoided any moaning about German cooking or foreign assaults on la grandeur de la France. "Why should the appointment of Ms Julianne Caspar, someone who is clearly a hugely qualified traditional French cuisine proponent ... shock the French?" asked Anglophone French blog franceblogcom. "This blog and its French members are happy to learn that a woman, a German, has been selected for the job." (Read Tony Blair's view of French President...
...variety of media outlets, that state’s governor David Paterson is considering appointing Kennedy to the seat Senator Hillary Clinton will give up in January for her new post at the State Department. But such an appointment would be unwise, and not for any reason concerning Ms. Kennedy’s political experience or character, which are both above reproach. Frankly, if she is named to the position, New York voters and the country will be forced into yet another cycle of dynastic politics, in which celebrated surnames, rather than individual achievements, are allowed to earn positions...
...that has linked the Mediterranean with the Indian Ocean for centuries. In this era of globalization, many trading corporations have pressured their respective governments to take action. The gulf also contains a very profitable tourist route for high-end cruises. On Tuesday, the 246 passengers aboard the cruise ship MS Columbus, owned by the German firm Hapag-Lloyd, were flown to Dubai in order to avoid the danger zone. The secretary-general of the German tourist federation, Hans-Gustav Koch, claimed that in order to cope with the pirates, “We want escorts.” Both...