Citigroup (C): Pandit As Pollyanna
One of the hedge funds that Citigroup (C) bought from its CEO Vikram Pandit's money management company, an operation called Old Lane, has gone belly-up. Pandit got $165 million from ...Read Full Story »
Daily Archives: June 12, 2008
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Media Digest 6/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, InBev made $46.3 billion offer for Anheuser-Busch (BUD).Reuters reports that AIG (AIG) shareholders are demanding board changes.Reuters writes that the GM (GM) Europe sales chief sees a ...Read Full Story »
Asia Markets 6/12/2008 (TM)(LFC)(SNP)(SNE)
Markets in Asia were down sharply. The Nikkei fell 2.1% to 13,889. NEC fell 4.5% to 547. Sony (SNE) fell 2.8% to 5130. Toyota (TM) fell 2.7% to 5400.The Hnag ...Read Full Story »
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