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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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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 Comments

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.


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