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AIG survives, but it will be a shell of its former self. Which may not be a bad thing. In agreeing to to an $85 billion bridge loan from the government, the insurer basically gave up operational... Read more...
Could Lehman Brothers CEO Richard Fuld have saved the firm? There will be plenty of post mortems, and more than a few might conclude that yes, there were deals that could have been struck. Neuberger... Read more...
Lehman Brothers' news was designed to quell market fears. It really is being whipped around by extreme stock and CDS action. But did the announcement do the trick? Well, the general view still seems... Read more...
KBW analysts, after meeting with the Lehman Brothers COO, are telling clients that Lehman is not likely to sell its Neuberger Berman asset management unit. The unit is... Read more...
E*Trade expects a pre-tax gain of up to $30 million from its deal to sell its stake in the India-based IL&FS Investsmart for $145 million for the company to HSBC. Read more...
We've become accustomed to reading about Larry Fink, the CEO of asset manager BlackRock, of late. When CEO jobs at Merrill Lynch and Citigroup opened up, he was thought to be a candidate. When the... Read more...
Kirk Kerkorian aims to boost his stake in Ford to 5.6 percent, a show of confidence in the strategy of CEO Alan Mulally. Hopefully, this will hold up in a tough economic environment. Given that he... Read more...