Muckety

Stories in Business

More upheaval in Sumner Redstone’s life

By Laurie Bennett

October 22, 2008 at 11:18am

Tumult surrounds Sumner Redstone these days, and the least of it may be his pending divorce.

Kirk Kerkorian unloads portion of Ford stake

By Carol Eisenberg

October 21, 2008 at 3:32pm

Billionaire Kirk Kerkorian is dumping part of his stake in Ford Motor Company after losing nearly two-thirds of his $995 million holding.

Elon Musk hops in the driver’s seat at Tesla Motors

By John Decker

October 16, 2008 at 3:38pm

In a boardroom shakeup at high-end auto manufacturer Tesla Motors, chairman Elon Musk is becoming CEO.

U.S. banks will get a $250 billion cash infusion

By Laurie Bennett

October 14, 2008 at 11:52am

Treasury Secretary Henry M. Paulson Jr. today said the federal government would inject $250 billion into American banks to restore credit flow in the nation’s financial system.

John Mack secures $9-billion shot-in-the-arm for Morgan Stanley

By Carol Eisenberg

October 13, 2008 at 1:54pm

Morgan Stanley’ CEO John J. Mack, dubbed “Mack the Knife,” appeared to have pulled a rabbit out of a hat this morning when he announced a deal with Mitsubishi UFJ for a $9-billion lifeline.

Goldman Sachs cash wends its way to the AL playoffs

By A. James Memmott

October 13, 2008 at 8:35am

Using some of a windfall sent their way in by the man who is now the U.S. Treasury secretary, a group of Wall Street veterans are getting to see at least one of their investments pay off.

Lessons from Bob Simpson’s $100 million cashout at XTO

By Gary Jacobson

October 12, 2008 at 8:14am

CEO Bob Simpson earned about $100 million from the sale of nearly 2.8 million shares of XTO early last week, as he raced to beat the meltdown of the market and his stock.

Shades of 1929 for Chesapeake’s Aubrey McClendon

By Gary Jacobson

October 11, 2008 at 12:24pm

Risk-taking caught up to Aubrey McClendon, the outspoken energy company CEO who helped fund the Swift Boat attacks against John Kerry four years ago and has been busy touting the benefits of compressed natural gas in TV ads this election cycle.

GM discussing merger with Chrysler, Times reports

By Laurie Bennett

October 11, 2008 at 10:31am

General Motors is weighing a merger with Chrysler, The New York Times reports.

Goldman Sachs’ network extends around the world

By Carol Eisenberg

October 10, 2008 at 3:06pm

The global reach of Goldman Sachs Group, through a network of former officials, could help foster cooperation as U.S. officials reach out to foreign powers to calm financial markets. But it could also promote conflicts of interest.


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