Stories tagged with Business
Mark Walsh gets another crack at Lehman funds
By A. James Memmott | June 21, 2009 at 10:10am | 0
The man some blame for the investments that brought Lehman Brothers Holdings down is getting a second chance to profit from those investments.
Testimony begins in AIG suit against Hank Greenberg
By Ric Bohy | June 17, 2009 at 7:25am | 0
Hank Greenberg had the right to take $4.3 billion in stock from a retirement bonus plan, his attorney argued at the start of the AIG trial yesterday.
Big Ed Whitacre will take reins at GM
By Ric Bohy | June 10, 2009 at 8:48am | 0
Edward E. Whitacre Jr. will take over as chairman of “the New GM” after it finishes reorganizing under Chapter 11 bankruptcy.
Palm leaps forward with the Pre
By A. James Memmott | June 9, 2009 at 6:14am | 0
The smartphone wars got more intense last week with the arrival of the touch-screen Palm Pre.
Roger Penske one of the few heroes left standing in Detroit
By Ric Bohy | June 8, 2009 at 7:32am | 1
Billionaire Roger Penske, one of few Detroit auto men whose named is still golden, has a tentative deal to buy General Motors’ Saturn brand late this summer or in early fall.
SEC charges Mozilo and 2 other former Countrywide execs
By Ric Bohy | June 5, 2009 at 10:01am | 0
The SEC has charged three former top executives of Countrywide Financial Corp. with deliberately deceiving investors
GM on a path to complicated bankruptcy
By Laurie Bennett | May 28, 2009 at 11:07am | 1
Chapter 11 proceedings for General Motors won’t go nearly as smoothly as they have for smaller, privately held Chrysler.
As new Xerox chief, Ursula Burns will set more than one precedent
By A. James Memmott | May 24, 2009 at 10:55am | 0
Xerox Corp. made history last week when CEO Anne M. Mulcahy announced she would retire and that her replacement would be Ursula M. Burns, the company’s president.
BlackRock may profit from fiscal crisis in many ways
By A. James Memmott | May 20, 2009 at 8:20am | 0
On Wall Street, Laurence D. Fink is an insider’s insider, the guy firms and countries go to when they’re in a jam.
GM considers move from Detroit’s Renaissance Center
By Ric Bohy | May 14, 2009 at 8:08am | 0
When GM CEO Fritz Henderson raised the possibility that the automaker could vacate the Renaissance Center, it raised the threat of both real and symbolic devastation for Detroit.
NY Fed’s Stephen Friedman resigns over ties to Goldman
By Carol Eisenberg | May 8, 2009 at 12:27pm | 0
Stephen Friedman’s extensive contacts and expertise made him a go-to player on Wall Street. But it was precisely that web of connections that raised conflict-of-interest issues in his latest job at the Federal Reserve Bank of New York.
SEC sues money-fund manager Bruce Bent
By A. James Memmott | May 8, 2009 at 10:31am | 2
A man who fundamentally changed the nature of investing in this country has been accused of misleading investors last year.
Do ties between Apple, Google pose antitrust issues?
By Carol Eisenberg | May 6, 2009 at 8:45am | 0
The Federal Trade Commission is looking into the relationships between technology stars Apple and Google to see if they might violate antitrust laws.
BofA Chairman Walter Massey is past supporter of Lewis
By Carol Eisenberg | April 30, 2009 at 10:09am | 0
Shareholders of Bank of America may have stripped Ken Lewis of his title as chairman, but the man elected to assume oversight of one of the nation’s largest commercial banks is a past supporter who some believe is likely to side with Lewis on key decisions.
Chesapeake Energy accused of giving CEO ‘personal’ bailout
By Carol Eisenberg | April 29, 2009 at 8:29am | 0
Furious shareholders are demanding to know why directors of Oklahoma City-based Chesapeake Energy Corp. paid CEO Aubrey McClendon $112 million last year, bought his personal art collection and co-sponsored his basketball team, even as the company’s stock price tumbled.
Private Carlyle Group captures public spotlight
By Laurie Bennett | April 21, 2009 at 10:01am | 0
The Carlyle Group is under scrutiny for its role in the pay-for-play scheme involving the New York State pension fund.
Bush’s homeland security team hangs out corporate shingles
By Carol Eisenberg | April 17, 2009 at 7:44am | 2
Nearly every top member of the Bush Administration’s homeland security team has gone through the revolving door and re-emerged as a private consultant, where they can be expected to make big bucks off their expertise and contacts.
Former SEC enforcer Linda Thomsen joins the defense
By A. James Memmott | April 15, 2009 at 11:42am | 1
Linda Chatman Thomsen, who took heat for the Securities and Exchange Commission’s failure to detect Bernard L. Madoff’s ongoing fraud, is returning to private practice with her former law firm.
2008 bust is boom for H. Rodgin Cohen
By A. James Memmott | April 6, 2009 at 8:32am | 0
As the financial crisis spread wider and wider in 2008, H. Rodgin Cohen got more and more work.
GM’s Wagoner forced out
By Carol Eisenberg | March 30, 2009 at 11:23am | 1
Only six months ago, General Motors chief executive Rick Wagoner celebratied the automaker’s 100th anniversary, saying its mission was to demonstrate it could lead again. Whether or not GM regains that leadership, Wagoner will certainly not.
