American International Group has done what it could to keep top talent around at the company, and it has been able to get at least some exceptions on the restriction of pay…
Douglas A. McIntyre Updated throughout the day. A “meltdown” is coming for the bond market (CNBC) GM will try to sell down its inventories of Pontiacs and Saturns by offering huge incentives (WSJ) Home prices dropped in…
Reuters: GM is offering huge incentives to sell its inventory of Pontiacs and Saturns. Reuters: Morgan Stanley (NYSE:MS) will overhaul the pay of senior management. Reuters: The departing AIG (NYSE:AIG) general counsel will…
Pay czar, Kenneth Feinberg, has been fairly consistent in giving only bare-bones compensation to management at firms that have taken TARP funds. Most executives are making less than $500,000 in base salary.…
Reuters: Pay czar Feinberg approved compensation at several bailed out firms. Reuters: Oil moved above $77 as US crude stocks dropped. Reuters: The US is probing some banks about their sale of…
MarketWatch: Moody’s (NYSE:MCO) downgraded Greece’s debt to A2 from A1 and said it had a negative outlook on the nation’s sovereign paper. Reuters: The FBI is probing a cyber attack on Citigroup (NYSE:C). Reuters: …
Reuters: The healthcare bill moved over key hurdles in the Senate. Reuters: Oil is above $73 on Iran-Iraq tensions. Reuters: Citadel filed for Chapter 11. Reuters: The head of AIG (NYSE:AIG) said…
Updated throughout the day. Tudor Investments will close its largest fund to investors (Bloomberg) Steve Cohen of SAC made money illegally trading on the RCA buyout by GE (NYSE:GE) (Cohen’s ex-wife) Apollo…
Reuters: Obama’s poll ratings on the economy dropped. Reuters: Bank of America (NYSE:BAC) picked insider Brian Moynihan as CEO. Reuters: Bernanke’s confirmation should pass its first hurdle. Reuters: The US delayed selling…
Updated throughout the day. The senior management at AIG (NYSE:AIG) is broke because of losses on stock and low compensation. (WSJ) Bank of America (NYSE:BAC) will get a new CEO from inside…
Reuters: Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds. Reuters: Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buyout effort. Reuters: Some of AIG’s (NYSE:AIG) top staff…
Branding counts. Apple (NASDAQ:AAPL) could probably do well selling tea pots. Sharper Image is still around, but its brand is so tarnished that it could not give away many of the ultra-modern…
Reuters: Dubai said the market’s perceptions of its problems is “softening.” Reuters: Citigroup (NYSE:C) could sell $20 billion in shares soon. Reuters: Hershey (NYSE:HSY) is near a decision on Cadbury (NYSE:CBY). Reuters: …
Reuters: Citigroup (NYSE:C) and the government are in a dispute over TARP re-payments Reuters: Japan release plans for an $81 billion stimulus package. Reuters: Morgan Stanley’s (NYSE:MS) new CEO will shuffle top management.…
RBS (NYSE:RBS) is about to lose almost 1,000 bankers due to pay restrictions set by the UK government. The Times of London reports that the managers and traders will move to companies where their pay…
