Financial news on June 5th, 2010
Business and Financial news
In a new book, Alan “Ace” Greenberg assails James E. Cayne, his successor as chief executive of Bear Stearns, as brash, egotistical and detached, with little care for the welfare of the firm. Read more..
The Agricultural Bank of China, one of the nation’s biggest lenders, will sell a 15 percent stake in what may be the world’s largest initial public offering on record. Read more..
The carriers, recognizing that their antiquated systems contribute to the frustrations of passengers, have begun developing up-to-date technology. Read more..
Will today’s solve end with a cry of success? Read more..
Chrysler said it was unaware of accidents or injuries related to the pedals, but decided to conduct a safety recall anyway. Read more..
Vivek Shah said that the acquisition, which he made in partnership with Great Hill Partners, a Boston firm, was the start of a new digital media company. Read more..
Was a prize to a pitcher for a near-perfect game “some of the best dollars invested in publicity,” or a squandering of taxpayers’ equity? Read more..
Richard Fuld asked a judge to toss out an investor lawsuit that accused him and other Lehman officials of failing to disclose a controversial accounting technique known as repo 105. Read more..
Stephen Roach, the prominent economist, will remain with the bank but move to the U.S. to teach at Yale. Read more..
A Sunday puzzle that features an added visual element. Read more..