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Exact(27)
Particularly striking is a "deal toy" commemorating a transaction involving the company's paper trading business.
The next year, he started Sterling International, a paper trading and manufacturing concern.
We didn't get computers, lasers, jet planes and digital TV by doing public service or paper trading.
A spokeswoman for the bank declined to comment, although Mr. Dimon has said the total paper trading losses will be volatile depending on day-to-day market fluctuations.
He began a twenty-seven year partnership with Paul Greene in 1955, establishing PL Thomas Inc., a sister paper trading company, and several manufacturing companies.
Citigroup executives, however, have told investigators that they understood only that Enron would do its best to sell the pulp and paper trading assets in the near future, but that there had been no guarantee that would happen.
Similar(33)
Moore tells me that his report is now "in the hands of everyone in the paper trade".
The industrialized paper trade crossed the Atlantic in the 19th century, eventually transforming vast swaths of American forests into paper plantations.
"Keep an eye on how the U.K. paper trades," he said.
The next rung, AA, trades at 37, up from 34, and A paper trades at 28, up from 23.
The AAA tier, the highest-rated paper, trades at 72.9 cents on the dollar, up from 66 last week, which was a record low.
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