Financial news on June 5th, 2010

Business and Financial news
Ace Greenberg Really Doesn’t Like Jimmy Cayne

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..

By CYRUS SANATI - The New York Times

Agricultural Bank of China to Sell Shares

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..

By BLOOMBERG NEWS - The New York Times

Airlines Work to Catch Up to the Digital Age

The carriers, recognizing that their antiquated systems contribute to the frustrations of passengers, have begun developing up-to-date technology. Read more..

By JAD MOUAWAD - The New York Times

Boston Skyscraper Nickname

Will today’s solve end with a cry of success? Read more..

By PATRICK MERRELL - The New York Times

Chrysler Recalls Some Dodge Calibers

Chrysler said it was unaware of accidents or injuries related to the pedals, but decided to conduct a safety recall anyway. Read more..


Former Manager at Time Inc. Buys Ziff Davis

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..

By JOSEPH PLAMBECK - The New York Times

G.M.’s Gift of a Luxury Car Stuns a Few

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..

By NICK BUNKLEY - The New York Times

Lehman Executives Seek Dismissal of Investor Suit

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..

By REUTERS - The New York Times

Morgan Stanley's Asia Chairman to Step Down

Stephen Roach, the prominent economist, will remain with the bank but move to the U.S. to teach at Yale. Read more..

By BETTINA WASSENER - International Herald Tribune


A Sunday puzzle that features an added visual element. Read more..

By PATRICK MERRELL - The New York Times

See what else happened on June 5th, 2010