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Now Citigroup trades at $16, and while the fund still has more than two years before it has to convert the bonds it holds into stock, Citigroup's troubles cast doubt on whether the investment will ever be profitable.
The family has also resisted efforts to turn the nearly $500 million in convertible debt that it holds into equity, or take any other step that would remove it as a major creditor of Adelphia, which the Rigas family has helped push to the brink of ruin.
The $100 million operation in deep waters off the Galician coast, set to begin in the spring, will deploy an ingeniously simple technique: It will decant the oil from the tanker's holds into giant bags and haul them to the water's surface.
Along with another program to reinvest income from bonds it already holds into buying more mortgage-backed securities, the Fed expects to add $85 billion to its balance sheet until the end of the year.
Rather, he's still trying to reshape the office he holds into the one that he desperately wants ― one in which the pressures of governing diminish over time and the constant scrutiny devolves into a state of constant adulation until we're all pledging allegiance to a freshly photocopied Electoral College map.
Similar(55)
An inquest was held into Yemane's death in April.
Frigid temperatures are expected to hold into Tuesday.
No inquest has been held into the deaths of Khan and Amin.
Nevertheless, Mutual had more affiliates than any other network a record it held into the 1980s.
No body was recovered but, the following year, an inquest was held into his 'death'death
The following year an inquest was held into his assumed death.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com