Citigroup Names Pandit CEO
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old
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WaMu shares fall on outlook worries
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old"We believe that cost could wipe out all of WaMu's 2008 earnings" Washington Mutual's move to slash staff and launch a massive stock offering to shore up its finances may smack of desperation, analysts said Tuesday as the bank's shares tumbled nearly 12 percent. via The Birmingham News
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Citi names investment bank chief CEO
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old
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Stock Futures Flat Ahead of Fed Meeting
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old
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U.S. stocks rise on rate-cut expectations
Posted Tuesday December 11, 2007, 3:44 pm, Over one day oldU.S. stock indexes rose Monday on expectations the U.S. Federal Reserve would cut interest rates. via UPI
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Genesco looks to trial to salvage stalled $1.5B buyout
Posted Tuesday December 11, 2007, 3:44 pm, Over one day oldA trial this week may only be the first step in mall retailer Genesco Inc.'s attempts to salvage a $1.5 billion buyout by The Finish Line Inc. via WATE-TV Knoxville
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Bank of Nova Scotia faces class action lawsuit over unpaid overtime
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old- Two law firms have launched a class action suit against Scotiabank (TSX:BNS) alleging the big bank failed to pay overtime to thousands of its employees over the years.
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WaMu warns of loss, slashes jobs
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old"They were much more aggressive than I thought." More fallout from the nation's housing crisis emerged late Monday as Washington Mutual said it would take a loss in the current quarter, slash its dividend and lay off more than 3,000 workers. via CNN
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BofA closing troubled cash fund
Posted Tuesday December 11, 2007, 3:44 pm, Over one day oldBank of America Corp. has closed a cash fund for institutional investors that included short-term debt issued by so-called structured investment vehicles, according to news service reports. The fund was a so-called 'enhanced cash fund.'
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TSX Group to take over Montreal Exchange in $1.3-billion combination
Posted Tuesday December 11, 2007, 3:44 pm, Over one day old"This combination grows out of a common vision for the future of the Canadian capital markets" TSX Group , owner of the Toronto Stock Exchange, has struck a deal to take over Montreal Exchange Inc. via MyTELUS
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