Bank failure tally tops 98 in 2009
Oct 2, 2009 Companies
Three regional banks were closed by regulators on Friday evening, bringing the 2009 tally to 97. ...Tags: Bank Failure, Friday Evening, Regional Banks, Regulators, Tally, Tops
Madoff relatives sued for $199 million
Oct 2, 2009 Companies
The court-appointed trustee liquidating Bernard Madoff's business filed a $199 million lawsuit against four of his family members on Friday.Tags: Bernard Madoff, Family Members, Liquidating, Relatives, Trustee
Macau casinos roll a pair of hot IPOs
Oct 2, 2009 Companies
In recession-battered Las Vegas, there is still plenty of elbow room at the craps tables. Not so in Macau. Gambling revenue in the Chinese region soared in September, according to figures released ...Tags: Craps Tables, Elbow Room, High Rollers, Hot, Ipos, Las Vegas, Macau Casinos, Recession, Stock Offerings
Europe’s banks back from brink for now
Oct 2, 2009 Companies
In the financial crisis, Europe's banking sector has been the shoe that wouldn't drop.Tags: Banking Sector, Banks, Brink, Europe, Financial Crisis
Ralph Cioffi’s Florida fishing trip
Oct 2, 2009 Companies
The much awaited trial of Ralph Cioffi and Matthew Tannin, the managers of two failed Bear Stearns hedge funds that sparked a market meltdown during the summer of 2007, looks like it will have a ne...Tags: Amateur Detective, Awaited Trial, Bear Stearns, Bear Stearns Hedge Funds, Brooklyn, Busey Bank, Defense Attorney, Detective Work, Fishing Trip, Florida Fishing, Ft Myers, Hedge Fund Manager, Market Meltdown, New Twist, Ralph Cioffi, Tannin, Trip To Florida
NBC, Comcast and moguls at play
Oct 2, 2009 Companies
NBC Universal looks to be in play, with minority shareholder Vivendi considering shedding its stake and Comcast, and now undoubtedly others, kicking the tires.Tags: Comcast, Minority Shareholder, Moguls, Nbc, Stake, Tires, Universal, Vivendi
BofA CEO: $53 million retirement score
Oct 2, 2009 Companies
Ken Lewis doesn't have a golden parachute, but he's all set for a comfortable landing -- unlike his long-suffering shareholders.Tags: Bofa, Ceo, Golden Parachute, Ken Lewis, Long Suffering, Retirement, Score, Shareholders
Twitter CEO’s penthouse for sale
Oct 2, 2009 Companies
Late Thursday afternoon Twitter CEO Evan Williams tweeted "Buy my loft...It's a steal!" And with that, the listing went viral.Tags: Ceo, Evan Williams, Loft, Penthouse, Thursday Afternoon, Twitter
CIT launches restructuring plan
Oct 2, 2009 Companies
Troubled lender CIT Group launched a restructuring plan aimed at shaving $5.7 billion of debt. The company warned it could file for bankruptcy if it falls short of that figure.Tags: Bankruptcy, Cit Group, Shaving
Auto sales fall as Clunkers rush ends
Oct 1, 2009 Companies
The end of the government's popular Cash for Clunkers program and low inventories of vehicles led to drops in sales at the top U.S. automakers, although the declines generally were in line with fo...Tags: Auto Sales, Automakers, Declines, Inventories, Rush
