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AIG (AIG) may lose over $20 billion for the trailing four quarters ending with the current period. It says the…
A bail-out of Washinton Mutual (WM) could cost tax-payers another $24 billion. According to Bloomberg, Richard Bove, an analyst at…
Mel Karmazin, CEO of the new Sirius XM (SIRI) satellite radio company, gone public with his plan to fix the…
Lehman (LEH) says it will go into Chapter 11. Richard Fuld, the company’s CEO, will almost certainly end up being…
Shares of Lehman (LEH) were off 84% in European trading. Bank of America (BAC) was down 14%. UBS (UBS) shares…
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill…
AIG (AIG) is seeking a short-term loan from the Fed in the amount of $40 billion. The Insurance firms says…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me…
No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage…
Merrill Lynch (MER) is gone, sold to Bank of America (BAC) for $44 billion. That is $29 a share, well…
The Wall Street Journal is reporting that the board of Merrill Lynch (MER) is meeting to approve a $29 a…
Several of the world’s largest banks on working on assembling a $50 billion fund to offer capital to weaker financial…
The latest rumor in the swirl of news around the probable failure of Lehman (LEH) is that Bank of America…
Take-Two Interactive (TTWO) chairman Strauss Zelnick overplayed his hand. He continued to refuse a buyout bid from larger game company…
AIG (AIG) will sell several divisions to raise the capital it needs to stay independent. According to The Wall Street…
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