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Daily Archives: February 3, 2009

95129c

Destroying Bank Of America (BAC) While Saving It

Posted: February 3, 2009 at 5:43 am

While the battle between Bank of America (BAC) CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and ...
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Newspaper

Media Digest 2/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 3, 2009 at 4:02 am

According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval.Reuters reports that ...
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China

Asia Markets And Europe Open 2/3/2009

Posted: February 3, 2009 at 3:23 am

Markets in Asia were mixed.The Nikkei fell .6% to 7,826.The Hang Seng was off .8% to 12,757.The Shanghai Composite moved up 2.4% to 2,061.In Europe, at the open, the FTSE ...
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Angrybear

Macy’s (M): The Retail Universe In A Box

Posted: February 3, 2009 at 3:12 am

Macy's (M) said it would lay off 7,000 people, cut its dividend by about 60%, and begin a tender offer for some of its debt.After the announcement, Moody's said it ...
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