Wall Street Journal Business
Lehman Insider Warned About Violating Code of Ethics
Matthew Lee, in a letter to senior managers in May 2008, said top executives at the firm may have infringed upon internal rules by misleading investors about the true value of the firm's assets. He was fired days later.
Tool Firms Seek U.S. Aid
Cash-strapped small and midsize companies that supply critical parts to industrial giants are seeking a $30 billion U.S. loan-guarantee program and pressing General Motors to speed up payments.
Blankfein's Pay in '09: $862,657
Goldman Sachs CEO Lloyd Blankfein received compensation valued at $862,657 last year, according to a regulatory filing.
Airbus Parent Eyes New Tanker Bid
Airbus parent EADS is considering re-entering the competition for a $40 billion Pentagon contract for mid-air refueling tankers after the Pentagon said it might extend the period for submitting bids.
Russian Firm to Bid on Tanker Program
A Russian aerospace company is planning to bid on the lucrative contract to replace the Air Force's aging fleet of aerial refueling tankers, the latest twist to the ongoing saga.
De Beers To Sell Mine
De Beers is looking to sell its now-closed Jagersfontein mine in South Africa, the source of some of the world's largest gem diamonds.
Shell Announces Big Oil Find
Shell said it has made a significant new oil discovery in the deep waters of the Gulf of Mexico, reconfirming the region's status as one of the oil world's most prolific exploration hot spots.
Rio Tinto Inks Deal With Chinalco
Rio Tinto took a step toward repairing ties with its largest shareholder, Chinalco, in a $1.35 billion deal for the two mining giants to jointly develop the massive Simandou iron ore project in Guinea.
Bair: 'Too Big to Fail' Must End
The FDIC's Bair said policy makers need to end the concept of "too big to fail," including revising Senate legislation that could still allow for industrywide bailouts.
Icahn Pushes Bid for Lions Gate
Carl Icahn offered to buy all of the shares of Lions Gate Entertainment that he doesn't currently own after officials of the movie producer rebuffed his previous offer.
Regulators Close Banks in Utah, Georgia
ank regulators announced additional bank closings Friday in Utah and Georgia, for a total of 33 bank failures so far this year.
Four Seasons Maui Delinquent on Mortgage
The Four Seasons Maui has gone delinquent on its $425 million of mortgages just as the Four Seasons New York and others have reached compromises with their lenders.
FAA Again Faulted For Lax Oversight at Southwest
Government ethics watchdogs found that FAA managers knowingly allowed Southwest to violate safety rules and avoid punishment for flying jets that hadn't undergone mandatory maintenance work.
British Airways Crew Set to Strike
The union representing BA's cabin crew said it will go ahead with a strike Saturday after talks with the airline broke down.
Lehman Sought Help From GE
Lehman Brothers CEO Dick Fuld reached out to General Electric for help twice in 2008, as his bank struggled to regain investors' confidence following the collapse of Bear Stearns.
Dimon's 2009 Total Pay: $1.3 Million
J.P.Morgan CEO James Dimon received compensation valued at $1.3 million last year, the bank said in its proxy filing.
EIA Tried to Smooth Over Data Error
On Sept. 16, the U.S. Energy Information Administration reported nearly 4 million barrels of oil vanished from Cushing, Okla. in a single week, the biggest drop in at least 5 years. Oil prices jumped 2.2%.
Palm Shares Plunge as Concerns Mount
Palm's shares tumbled more than 25% as some analysts said the company's latest lowered forecast and weak smart-phone sales raised serious concerns about Palm's viability.
Boeing Sees Demand Accelerating
Boeing moved up planned production increases for its 777 and 747 aircraft amid rebounding demand in the air-travel industry.
China Mobile Mulls Deals
China Mobile, the world's biggest mobile operator by subscribers, is looking at acquisition and investment targets in Asia and Africa as profit growth slows at home, its chairman said.
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