Circuit City files for Chapter 11 bankruptcy - Nov. 10, 2008
Circuit City Stores, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year.
Washington Mutual files for Chapter 11 bankruptcy [...]
Surviving at a cost
Commentary: Merrill and Lehman will survive but lose key parts
By MarketWatch
Last Update: 8/19/2008 8:52:00 AM
NEW YORK (MarketWatch) - Dick Fuld, Lehman Brothers Holdings Inc.’s chief
executive, has decided to sell off one of the company’s most prized assets to
survive.
Lehman (MER) is reportedly shopping Neuberger Berman, the asset management firm
it bought for $2.6 billion [...]
DOW JONES NEWSWIRES
Legg Mason Inc.’s (LM) Capital Management unit - which owns 4.4% of Yahoo Inc.’s
(YHOO) outstanding shares - plans to vote in favor of Yahoo’s proposed slate of
directors at the annual meeting in August, defying Carl Icahn’s efforts to
replace the board with his own slate after Yahoo rejected a takeover by [...]
Feb. 4 (Bloomberg) — Citadel Investment Group LLC, the asset-management firm run by Kenneth Griffin, separated its hedge-fund business from an options market-making unit in what may be a prelude to a public offering.
Citadel Derivatives Group LLC, the options specialist, and an offshore fund that trades the securities were split off at the start of [...]
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