Stories in Business
Obama fund-raiser Bill Perkins buys ads to ’stir’ pot on bailout
By Carol Eisenberg | October 3, 2008 at 9:20am | 1
Who is Bill Perkins, and why he is spending hundreds of thousands on full-page ads in the New York Times decrying the $700-billion bailout?
Wells Fargo to buy Wachovia for $15.1 billion
By Laurie Bennett | October 3, 2008 at 8:21am | 0
Wells Fargo & Co. will acquire Wachovia Corp. in a $15.1 billion merger, blocking an earlier bid by Citigroup Inc.
Democrats woo Blue Dogs before House revote on bailout plan
By Laurie Bennett | October 2, 2008 at 4:06pm | 1
The success or failure of the next House vote on the financial bailout may fall partly on Blue Dog Democrats, known for their fiscal conservatism.
Facebook chooses former aide to Alberto Gonzales as top lawyer
By Carol Eisenberg | October 1, 2008 at 1:18pm | 0
Some might feel a little paranoid about the latest development at Facebook.
Microsoft pioneer Charles Simonyi pays $30 million to orbit space 2nd time
By Carol Eisenberg | October 1, 2008 at 8:44am | 2
Some men like fast cars and jets. And then there’s Charles Simonyi. The Microsoft pioneer is ponying up $30 million to become the first private citizen to blast into lunar orbit for a second time.
Small banks’ lobbyists win a big one with proposed increase in insured deposits
By Laurie Bennett | October 1, 2008 at 8:26am | 0
A proposal to increase federal insurance on bank deposits is winning broad support from Democrats, Republicans and both presidential candidates.
Citigroup to buy Wachovia’s banking assets
By Carol Eisenberg | September 29, 2008 at 10:22am | 0
FDIC Chair Sheila C. Bair has overseen another shot-gun wedding – this time between Wachovia Corporation and Citigroup.
Inspector General Kotz gets expert help on his SEC audit
By Gary Jacobson | September 28, 2008 at 12:03pm | 0
Using expert consultants is common in business and government. SEC Inspector General David Kotz used one in his report that slams the agency for missing numerous red flags that foreshadowed the collapse of Bear Stearns.
FDIC chair Sheila Bair likes a story with a happy ending
By Laurie Bennett | September 27, 2008 at 9:25am | 0
Author and FDIC chair Sheila Bair has little free time these days to write children’s books.
Rudy Giuliani puts together team to ‘guide’ firms on proposed bailout
By Carol Eisenberg | September 26, 2008 at 4:22pm | 0
The vultures are already circling. Rudy Giuliani is positioning his international law firm to get a stake in the proposed $700-billion bailout of Wall Street.
