Word: stake
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Dates: during 2000-2009
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...director of research firm Institutional Risk Analytics, thinks the problem with Citi's repayment has less to do with capital ratios and more to do with waning confidence in the bank around the world. In early December, the investment arm of the government of Kuwait sold its entire investment stake in Citigroup. "Foreign investors like to see the government's stake in Citi," says Whalen. "If the government gets out, investors around the world will flee...
...public offering of stock in the new GM. While GM received more than $50 billion in federal aid, only about $6.2 billion will be repaid in cash; the U.S. Treasury agreed to take stock in lieu of cash for much of the remainder, which gave the government a 60.8% stake in the new GM. Earlier this week, Treasury Secretary Geithner told a congressional committee that he did not expect to be fully repaid on TARP loans made to three companies: AIG, Chrysler and GM. (See the worst business deals...
...most divisive political issues around. The fact that Republican candidate Scott Brown has pulled into a virtual dead heat with Democratic nominee Martha Coakley - prompting President Obama to stump with her this week - is, they say, an indictment of the pending congressional health care overhaul. Much is at stake in the balloting. Coakley would provide Democrats with a critical 60th aye vote, preserving the party's filibuster-proof majority - a fact that Brown (who began the race perhaps best known for the good looks that landed him a 1982 "America's Sexiest Man" centerfold in Cosmopolitan) has emphasized throughout...
...learned that he was co-heir of that collection, and notes that he has not as yet co-signed any agreement with the museum. It is this inheritance, which includes important works by Monet, Degas, Picasso and Kandinsky, among other A-list artists, that is now at stake. (See pictures of the Renaissance's biggest artists on exhibition...
...just the fortunes of one war-torn country are at stake. Researchers believe that Iraq's untapped oil reserves total at least 115 billion barrels - the third largest in the world. When fully developed, Iraq's oil industry could significantly boost global crude supplies and even bring down oil prices. Tapping Iraq's oil is an industry event of historic proportions, says Alex Munton, a Middle East analyst at global energy consultancy Wood Mackenzie. "There are very few examples in history you can point to and say, 'A similar thing happened there,' because there really have not been...