John Reed Says `I'm Sorry' for Glass-Steagall Repeal, Building Citigroup John S. Reed, who helped engineer the
merger that created Citigroup Inc., apologized for his role in
building a company that has taken $45 billion in direct U.S. aid
and said banks that big should be divided into separate parts.
Buffett's `Wake-Up Call' to Berkshire Managers May Signal More Cost Cuts Berkshire Hathaway Inc.’s managers
may deliver more cost cuts to Chief Executive Officer Warren
Buffett after the billionaire replaced Richard Santulli as the
head of a money-losing plane-leasing unit.
Dimon's Dad Quits Merrill to Work for Son's Brokerage, Brings Along Team If Jamie Dimon ever needs fatherly
advice, he can turn to his newest employee: Dad.
Banks Thwarting Feinberg Pay Reductions by Changing Their Bonus Formulas Global leaders and regulators trying
to rein in banker pay are proposing everything from clamping
down on guaranteed bonuses to recouping compensation from prior
years if losses mount. Largely unaddressed is the topic that
stirs the most public ire: How much money is too much?
McDonald's Shaves Seconds Off Big Mac Orders to Hold On to Market Share At a McDonald’s Corp. test kitchen
in an unmarked Illinois warehouse, next year’s menu plan for
the U.K. has hit a snag. When the visiting British team adds
wrap sandwiches, service slows.
Berlin Wall Collapse Sparks German Boom, Confounds Skeptics: Chart of Day The toppling of the Berlin Wall
20 years ago sparked a surge in German stocks and bonds,
confounding economists who’d predicted the cost of unifying
East and West Germany would stunt economic growth.