Business - Companies
Morgan Stanley, Goldman Sachs Turns to Commercial Banking
Sep 22, 2008, 12:00 pmIn a stunning turn, the two remaining U.S. securities firms, Morgan Stanley and Goldman Sachs, applied to become commercial bank holding companies.
Employees of Lehman and AIG Catch a Break
Sep 22, 2008, 4:00 amA Chicago restaurant looks to do something nice for the stressed out Lehman and AIG employees.
Chinese Counterfeiters Going High-Tech
Sep 21, 2008, 5:00 pmSeizures by U.S. and Canadian customs agencies revealed that Chinese counterfeit goods have surpassed just luxury items and DVDs.
Paulson Says Bailout Needed to Shield U.S. Economy
Sep 21, 2008, 2:00 pmU.S. Treasury Secretary Henry Paulson took his case for an unprecedented $700 billion bailout of financial markets to the American people.
GM Recalls 42,408 Saturn Vues; Fluid Leak, Fire Possible
Sep 19, 2008, 2:00 pmGM is recalling about 42,408 Saturn Vues due to a potential power steering fluid leak that could cause a fire.
WaMu Still Weighing Sale, Capital Raising, Say Sources
Sep 19, 2008, 12:00 amWashington Mutual Inc, the large U.S. savings and loan beleaguered by mortgage losses, continues to explore all options, such as talking to potential buyers or raising capital.
Morgan Stanley Mulls Merger Options
Sep 18, 2008, 3:00 pmRumors are circulating on Wall Street of further consolidation in the banking industry. Morgan Stanley is reportedly mulling a merger with Charlotte-based Wachovia Corp.
Morgan Stanley in Talks as Fear Grips Financials
Sep 18, 2008, 11:00 amMorgan Stanley topped the list of major financial firms scrambling to find a buyer.
UK Bank Lloyds in Advanced Talks to Buy HBOS
Sep 17, 2008, 2:00 pmBritish bank Lloyds is in advanced talks to buy rival HBOS Plc to create a $43 billion mortgage giant.
Fed to Bail Out AIG, Market Crisis Averted
Sep 16, 2008, 11:00 pmLate Tuesday evening, the Federal Reserve extended an $85 billion loan to American International Group (AIG), the largest insurance company in the U.S.
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