Today’s Best Market Rumors (1/20/2010) (BCS)(JPM)(AAPL)(MSFT)
Posted: January 20, 2010 at 8:55 am
Updated throughout the day.
The hedge fund industry brought in $4.6 billion in December (Eurekahedge)
Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse).
JPMorgan (NYSE:JPM) is in exclusive talks to buy the RBS Sempra commodities operation.
Apple (NASDAQ:AAPL) is considering putting Microsoft (NASDAQ:MSFT) Bing on the iPhone as the default browser (Bloomberg)
Douglas A. McIntyre
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL) was paid $1 a year when he stepped in to run the crumbling AIG (AIG) as the request of Henry Paulson, who was Treasury Secretary at [...]
Read Full Story »