Weekly Review Quiz as of 2009-06-11
Finance

FDIC Pushes Purge at Citi
by Damian Paletta and David Enrich
06/05/2009
http://online.wsj.com/article/SB124417114172687983.html

1. Who is pushing to shake up Citigroup’s top management?

a) the SEC
b) a group of Citigroup stockholders
c) the Comptroller of the Currency
* d) the FDIC
e) the Federal Reserve

U.S. Pushed Fiat Deal on Chrysler
by Neil King Jr. and Jeffrey McCracken
06/06/2009
http://online.wsj.com/article/SB124424451815990495.html

2. According to internal emails, who rushed an alliance between Chrysler LLC and Fiat SpA?

a) the UAW
b) Chrysler’s board of directors
* c) the Obama administration
d) Chrysler’s CEO
e) Chrysler’s creditors

Firms Shed India Centers to Cut Costs in Recession
by Ben Worthen
06/08/2009
http://online.wsj.com/article/SB124441864336692573.html

3. In what country are many Western companies closing or selling their centers that had performed back-office tasks?

* a) India
b) Egypt
c) the Philippines
d) China
e) Mexico

High Court Stymies Quick Sale of Chrysler
by Mark H. Anderson, Neil King Jr. and Alex P. Kellogg
06/09/2009
http://online.wsj.com/article/SB124447718295294527.html

4. On Monday, June 8, what event threw the sale of Chrysler to Fiat into uncertainty?

a) the Italian high court ruled that the acquisition was anti-competitive
b) the UAW threatened to order a strike if the deal proceeds
c) Fiat asked that the sale price be lowered in light of weakening sales at Chrysler
* d) the Supreme Court agreed to consider whether or not to hear an appeal of the deal
e) all of the above

Citi Deal Clears Way for Greater U.S. Sway
by David Enrich, Damian Paletta and Randall Smith
06/09/2009
http://online.wsj.com/article/SB124448628951494969.html

5. On Monday, Citigroup said its delayed plan to convert billions of dollars of preferred shares into common stock that will clear the way for the government to own as much as 34% of the struggling bank

a) has been canceled
* b) will occur this weekend
c) will occur in December
d) is being challenged by the European Union
e) will occur in 2012