Dick Fuld May Be Haunted by Assurances After Report Finds Hidden Leverage Lehman Brothers Holdings Inc.’s
Richard Fuld exuded confidence as he briefed analysts on June
16, 2008, four days after demoting his firm’s finance chief in
the wake of a $2.8 billion quarterly loss.
Yellen, Raskin, Diamond May Help Bernanke Exit Stimulus as Obama Fed Picks President Barack Obama’s likely
nomination of three Federal Reserve governors will help Chairman
Ben S. Bernanke plan an exit from record monetary stimulus and
strengthen banking supervision and consumer protection.
AIG Was Unprepared for Crisis, Had `No One in Charge,' Ex-Top Lawyer Says American International Group Inc.
was unprepared for the financial crisis that forced the insurer
to accept a $182.3 billion bailout from the U.S. government, the
company’s former general counsel said.
Record Advance in S&P 500 Index Futures Shows Confidence in U.S. Economy The longest-ever gain in futures
linked to the Standard & Poor’s 500 Index shows growing investor
confidence in the U.S. economy.
Abbott MitraClip Valve Clamp Offers Safe Alternative to Open-Heart Surgery Abbott Laboratories’ MitraClip
cardiac clamp safely repaired leaking heart valves in a study,
potentially providing a less invasive alternative to open-heart
surgery.
U.S. Stocks Advance to 17-Month High on Economic Confidence, Paced by AIG U.S. stocks rose, pushing the
Standard & Poor’s 500 Index to a 17-month high, as Citigroup
Inc. led a rally among banks and data boosted confidence that
the economic recovery is sustainable.
Cnooc to Buy 50% of Argentina Crude Exporter Bridas Corp. for $3.1 Billion Cnooc Ltd., China’s biggest
offshore oil explorer, said it will invest $3.1 billion for a 50
percent share of Bridas Corporation, giving it a stake in
Argentina’s largest oil exporter.
Batista's $100 Billion `Richest Man' Dream Advances With OSX Share Offer Eike Batista’s plan to raise $5.6
billion in the biggest initial public offering this year moves
him one step closer to fulfilling his ambition of being the
world’s richest man.
Pimco Says Chile Peso Not `One-Sided Bet' Investors See After Earthquake Chile’s peso will begin weakening
late this year as the country’s worst earthquake in 50 years
slows economic growth and record-low interest rates sap demand
for fixed-income assets, Pacific Investment Management Co.’s
Guillermo Osses said.
Chile May Borrow Abroad, Tap Copper Savings for $30 Billion Reconstruction Chilean President Sebastian Pinera
plans to tap copper savings funds and may borrow abroad to pay
for the estimated $30 billion cost of repairing damage caused by
the 8.8-magnitude earthquake that struck the country Feb. 27.
OGX Finds Hydrocarbons in Section of OGX-6 Well in Brazil's Campos Basin OGX Petroleo e Gas Participacoes
SA, the oil company controlled by billionaire Eike Batista, said
it discovered hydrocarbons in a section of the OGX-6 well in the
BM-C-41 block of Brazil’s Campos basin.
Venezuelan Bonds Rise to Seven-Week High as Debt Sales May Be Scaled Back Venezuela’s benchmark dollar bonds
rose to a seven-week high on speculation a rally in crude oil,
the country’s biggest export, will prompt the government to pare
back debt sales this year.