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The chief executive of Los Angeles-based Colony Capital, who made tidy profits by buying up soured up real estate debt during the S&L crisis, talked with Forbes about the troubled commercial real estate market and the broader economy.
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Holly is budgeting $100 million to "sour up" Woods Cross to take heavy Canadian crude.
Despite the hit, Morgan Stanley shares were posting gains, even as the broader market turned sour, up $1.60, or 3.3%, to $49.67.
On the other end of several whiskey sours, up on stage shaking it like a Polaroid picture to Outkast, I fell in love with the Alamo all over again.
For nearly a decade, as Ivory Coast's economy soured, resentment bubbled up among those who consider themselves natives.
Ties with European Union countries soured in the build-up to the April referendum.
The housing market has soured, mortgages are drying up and the economy is weak.
But after the financial crisis hit, Wachovia found itself struggling under the weight of mortgages that had quickly soured, including loans picked up from Golden West.
So he has repeated the trick at Moelis & Company as the economy has soured: restructuring now makes up half its business.Mr Moelis knows he will have to remain nimble while expanding his firm's offerings.
He said the cover-up story soured U.S. relations with the Pakistani military as it made it look bad.
But his approach has ended up souring many of his professional relationships.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com