Top US Lawmakers To Meet At 3 PM EDT On Bailout -Fox Business
Last Update: 9/26/2008 2:50:15 PM
DOW JONES NEWSWIRES
Top negotiators from both houses of Congress and both parties will meet at 3 p.m.
Friday to discuss Wall Street bailout plans, Fox Business reported, citing
sources on Capitol Hill. Fox said Financial Services Chairman Barney Frank,
D-Mass., and Senate [...]
Lehman CEO Asked GE To Buy 20% Stake - Report
Last Update: 9/25/2008 7:22:33 AM
DOW JONES NEWSWIRES
Lehman Brothers Holdings Inc. (LEHMQ) CEO Richard Fuld reached out to his General
Electric Co. (GE) counterpart, Jeff Immelt, about buying a 20% stake in the
investment bank before it collapsed, the New York Post reported Thursday, citing
sources. But Immelt decided to [...]
CHICAGO (Dow Jones)–American International Group Inc. (AIG) is considering
forming a separate company that would hold billions in securities as a way to
offload some of the insurer’s more toxic assets from its balance sheet, the New
York Post reported Thursday, citing sources familiar with the matter.
AIG, along with other insurers, has been hit by losses in subprime
mortgage-backed [...]
DOW JONES NEWSWIRES
A “global” settlement with Wall Street investment banks that sold auction-rate
securities to customers who may have been misled about the bonds is “imminent”
and could be announced as early as Wednesday, CNBC’s Charlie Gasparino reported,
citing sources familiar with the matter. The settlement would involve the New
York State Attorney General’s Office, [...]
Citigroup Receives 1st Round Of Bids For Primerica -Reuters
Last Update: 6/6/2008 12:32:38 PM
DOW JONES NEWSWIRES
Citigroup Inc. (C) has received its first round of bids for its Primerica unit,
Reuters reported Friday, citing sources. The unit has drawn interest from life
insurance and private equity companies. The value of the unit is about $7 billion
and a deal could [...]
Gold futures fall sharply on dollar, oil
By Polya Lesova, MarketWatch
Last Update: 10:43 AM ET Apr 29, 2008
NEW YORK (MarketWatch) — Gold futures fell sharply Tuesday, as strength in the
U.S. dollar and declining oil prices pressured investment demand for the precious
metal.
Gold for June delivery dropped $14.50 to $881 an ounce on the New York Mercantile
Exchange.
“Gold is [...]
UBS Set For Major Job Cuts Totaling 8,000 Posts - Newspaper
Last Update: 4/28/2008 3:40:27 AM
ZURICH (Dow Jones)–UBS AG (UBS) is set to lay off roughly 8,000 employees, Swiss
weekly Sonntag reported Sunday without citing sources.
UBS wasn’t immediately available for comment.
UBS has already disclosed it will cut jobs, and pledged details on May 6, when it
reports first-quarter [...]
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