Good morning!
米住宅金融機関、政府が救済策を発表 世界で株が買われる
U.S. Seizes Mortgage Giants (WSJ.com)
Treasury Secretary Henry Paulson announced plans Sunday to take control of troubled mortgage giants Fannie Mae and Freddie Mac and replace the companies' chief executives.
Mr. Paulson on Monday said in a CNBC interview that the government's takeover was necessary, but it was "not something I wanted to do."
Stocks surged in early trading as investors rushed to lay bets on a broad economic recovery. The major indexes jumped, with the Dow Jones industrials gaining more than 200 points. Meanwhile, bond prices fell sharply as emboldened investors looked for riskier but higher-yielding bets. Markets across Asia also rallied on the news, with financial shares leading the way. Japan's Nikkei Stock Average of 225 companies soared more than 3%, and Hong Kong's Hang Seng Index opened 4.5% higher.
to take control of: ～を管理下に置く
米S&L最大手ワシントン・ミューチュアル、CEOが辞任に追い込まれる
Washington Mutual Forces Out CEO (WSJ.com)
Kerry Killinger, who helped build Washington Mutual Inc. into the nation's largest thrift and then presided over its rapid decline, was ousted as chief executive, making him the latest casualty of the mortgage crisis.
Washington Mutual also said it entered a memorandum of understanding with the Office of Thrift Supervision, meaning it is now effectively on probation. The bank said the regulatory warning concerns aspects of its operations related to risk management and compliance.
Succeeding Mr. Killinger will be Alan Fishman, currently chairman of New York commercial mortgage broker Meridian Capital Group. Before joining Meridian in 2007, Mr. Fishman was president and chief operating officer of Philadelphia-based Sovereign Bank, the nation's second-largest thrift.
thrift: 貯蓄金融機関
Office of Thrift Supervision: OTS、貯蓄金融機関監督局
米フォード、CEO「多くの議員が自動車産業の後ろ盾に」
Ford CEO Mulally Says Lawmakers Back Auto Makers (WSJ.com)
DETROIT -- Ford Motor Co. Chief Executive Officer Alan Mulally said that more legislators are "in our corner" as the three U.S. auto makers prepare to lobby the government for as much as $50 billion in low-cost loans.
"I think last year was a real turning point," Mr. Mulally said following a speech in Dearborn, Mich., on Monday. "I think a lot of people [in Washington] believe in the industry."
Ford, along with General Motors Corp. and Chrysler LLC, are hoping to persuade the U.S. government to provide as much as $50 billion in low-cost loans as slumping sales in the U.S. market eat into profitability. A bill signed into law last year authorized loans of as much as $25 billion to help car makers and suppliers retool plants to produce new, highly fuel-efficient vehicles.
lawmaker: 連邦議会議員
legislator: 連邦議会議員
low-cost loans: 低利融資
ハリケーン・アイク、キューバを直撃 週後半に米本土上陸へ
Hurricane Ike Tears Across Cuba (WSJ.com)
CAMAGUEY, Cuba -- Deadly Hurricane Ike roared across Cuba Monday, blowing buildings to rubble and sending waves surging over homes. Some 900,000 Cubans evacuated from its path, which forecasters said could take it to Louisiana or Texas later this week.
Ike, which raked the Bahamas and worsened floods in Haiti that have already killed 321 people, made landfall on Cuba as a fearsome Category-3 hurricane, then weakened to a still-potent Category 2 Monday as it ran down Cuba's spine.
Forecasters said it could make a direct hit on Havana, where decaying historic buildings are especially vulnerable, and weaken further before entering the Gulf of Mexico. There, it was expected to regain force before slamming into the U.S. somewhere along the Gulf coast.
to tear across: ～を引き裂いて進む
to evacuat from: ～から避難する
to regain force: 勢力を強める
英ネーションワイド、競合２住宅金融組合との合併を発表
Nationwide to Take Over Two Rivals (WSJ.com)
Nationwide, the world's largest building society and the U.K.'s second-largest mortgage lender, said Monday that it will take the Derbyshire and Cheshire Building Societies under its wings as both struggle with rising defaults and an uncertain future in the current economic climate.
Because both the smaller building societies have flagged losses for the first six months of the year, and in order to preserve capital within the enlarged group, their total 925,000 members won't receive any compensation. They also won't get to vote on the deal.
The enlarged building society will have assets of more than £191 billion ($337.4 billion) ...
building society: 住宅金融組合
default: 債務不履行
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