Financial news on September 27, 2008
Business and Financial news
On Wall Street, a black day is almost always followed by black humor in trading floor jokes, finance blogs, videos circulated on YouTube and doctored photos sent by e-mail between traders. Read more..
The financial group announced that Filip Dierckx would succeed Herman Verwilst as chief executive as its shares fell more than 20 percent amid concerns about its liquidity. Read more..
The Bush administration and Congressional negotiators agreed to meet some demands of rebellious House Republicans as they sought to resurrect a rescue plan. Read more..
The former chairman of Hollinger International violated federal securities laws by making false statements about the company’s financial dealings, a federal judge ruled. Read more..
The world’s biggest pork processor said it would be in compliance with all its financial covenants through at least April after its shares plunged to a seven-year low in New York trading. Read more..
Stocks were mixed as the Dow broke through into positive territory despite the collapse of a deal on the government’s financial bailout package. Read more..
When WaMu collapsed on Thursday in the biggest bank failure in United States history, TPG’s David Bonderman’s reputation was suddenly at risk of becoming a devalued asset. Read more..