Weekly Review Quiz as of 2009-12-10
Finance
American Raises Stakes in JAL Battle
by Mariko Sanchanta
12/04/2009
http://online.wsj.com/article/SB20001424052748703735004574573322387316710.html
1. AMR Corp.’s American Airlines and Delta Airlines are in a bidding war to acquire
a) Continental Airlines
* b) a stake in Japan Airlines
c) a stake in China Eastern Air
d) the Dallas-Fort Worth airport
e) rights to a new route to Iraq
Fresh Pay Skirmish Erupts at AIG
by Deborah Solomon and Serena Ng
12/07/2009
http://online.wsj.com/article/SB126015238193279485.html
2. Five high-ranking executives at American International Group Inc. said last week they were prepared to quit if
a) the firm does not earn a profit in the final quarter of 2009
b) the Treasury forces the firm to sell its international insurance division
c) the firm stops paying their dues to private clubs
* d) their compensation is cut significantly by the insurer's government overseers
e) the firm doesn’t pay them the bonuses they have earned according to their current contracts
Hurdle Emerges for Stores Pitching Credit Cards
by Robin Sidel
12/07/2009
http://online.wsj.com/article/SB20001424052748704825504574579793850175348.html
3. Who is balking at federal proposals that would force them to gather more financial information, including earnings, about those applying for credit?
a) commercial mortgage lenders
b) banks who have received TARP funds
c) residential mortgage lenders
* d) big retailers
e) casinos
Lending Squeeze Drags On
by Liz Rappaport and Serena Ng
12/08/2009
http://online.wsj.com/article/SB126021724472580609.html
4. In October, consumer lending
* a) shrank at a 1.7% annual rate
b) rose at a 35% annual rate
c) rose at a 5.3% annual rate
d) grew at a 1.1% annual rate
e) remained flat
Citi and Wells Spar Over TARP Exit
by David Enrich
12/08/2009
http://online.wsj.com/article/SB20001424052748704825504574582311943469506.html
5. Which of the following have contributed to Citigroup not yet exiting the Troubled Asset Relief Program?
a) Federal Reserve officials have told Citigroup that they will need to raise more capital relative to what they are seeking to repay than Bank of America did
b) Treasury officials have told Citigroup that they will need to raise more capital relative to what they are seeking to repay than Bank of America did
c) Citigroup officials are worried about diluting shareholders by more than 20% if it issued $20 billion in new shares
d) the Fed has been especially reluctant to let Citigroup repay quickly, wary that mounting losses could leave the bank strapped for capital
* e) all of the above