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16 Oct 2009 11:06

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Biz: Ken Lewis is retiring rich, but Bank of America is still struggling

  • $1 billion in losses, mostly from bad debt, this quarter alone source
Posted by Ernie Smith • 0 Comments • Permalink

16 Oct 2009 10:57

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Biz: Bank of America CEO Ken Lewis is retiring without his 2009 salary

  • $1.5 million the amount Lewis was supposed to take home before the White House’s pay czar Kenneth Feinberg took it away source
Posted by Ernie Smith • 0 Comments • Permalink

15 Oct 2009 10:32

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Biz: Goldman Sachs’ gains cancel out Citigroup’s losses

Posted by Ernie Smith • 0 Comments • Permalink

14 Oct 2009 20:37

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Biz: The New York Stock Exchange: Full of 10,000 Maniacs

  • Wow bros, we fell pretty far to get to this point. Boy, we wouldn’t have wanted to have money around March or so. We’d probably jump off a building. But today – today, we can say we’re back at 10,000. Welcome back to comfortable riches, friends.source
Posted by Ernie Smith • 0 Comments • Permalink

14 Oct 2009 10:13

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Biz: JPMorgan Chase has more money sitting around than you do

  • $3.6 billion in third-quarter profits for the financial-services company source
Posted by Ernie Smith • 0 Comments • Permalink

14 Oct 2009 09:36

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Biz: Watch out: The Dow could reach the 10,000 barrier again today

  • 9,871 the Dow’s Tuesday close, buoyed by earnings source
Posted by Ernie Smith • 0 Comments • Permalink

13 Oct 2009 21:18

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Biz: “Built Ford Tough”? More like “built for recall.”

  • 4.5 million Ford vehicles got recalled for faulty cruise control source
Posted by Ernie Smith • 0 Comments • Permalink
 

13 Oct 2009 10:47

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Biz: Enron’s Jeffrey Skilling gets a Supreme Court hearing for his trial

  • Man, if he gets off … Skilling, the Enron executive who didn’t have the, uh, fortune of dying just before getting sentenced, will get his day in front of the Supreme Court due to questions about the judgment. Skilling says the legal claim that he deprived the company of “honest services” is invalid, and notes that an argument that he did it for personal gain was never made. So off to the top court it goes. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Oct 2009 20:32

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Biz: Citigroup didn’t keep its eyes on shady trading, gets punished

  • $600,000 fine for sucking source
Posted by Ernie Smith • 0 Comments • Permalink

12 Oct 2009 11:24

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Biz: Daily Poll: Is the recession easing in your neck of the woods?

  • A survey of 44 professional forecasters found that 80% of those researchers thought the “Great Recession,” the worst since the 1930s, was receding. The National Association of Business Economists conducted the survey. Our question: Instead of asking a bunch of economists, let’s ask you jerks. Unless there’s economists that read ShortFormBlog. Then you can’t vote. You might skew things. (Sorry.)source
Posted by Ernie Smith • 0 Comments • Permalink
 
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