Goldman, influence intact, lets one well run dry
Goldman Sachs Group Inc, legendary for its clout in Washington, has inexplicably halted its political fund-raising machine. Read Full Article here.
U.S. pronouncements later hurt bailout: IG report
Senior U.S. officials deliberately created the impression last year that banks receiving huge government cash infusions were healthier than was the case, a Treasury Department watchdog's report released on Monday said. Read Full Article here.
US-led consortium wants to buy Volvo from Ford: report
A U.S.-led group has entered the race to buy Ford Motor Co's Volvo cars unit, the Financial Times reported, in a challenge to China's Geely Automotive which last month confirmed its interest in the loss-making Swedish carmaker. Read Full Article here.
Brocade puts itself up for sale: report
U.S. data storage equipment maker Brocade Communications Systems Inc has put itself on the selling block, the Wall Street Journal said on Monday, citing people familiar with the matter. Read Full Article here.
U.S. banking regulator eyes bank creditor claims
nsuring secured creditors face losses when a financial institution fails could help rein in excessive risk-taking and strengthen the financial system, a top U.S. banking regulator said. Read Full Article here.
Goldman owed $1 billion if CIT fails
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter. Read Full Article here.
IMF members make little headway on power shift
Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund. Read Full Article here.
PepsiCo to form new bottling unit
PepsiCo Inc said on Monday it will combine the North American operations of Pepsi Bottling Group Inc and PepsiAmericas Inc in a new bottling unit to be run by Pepsi Bottling's current chief executive, Eric Foss. Read Full Article here.
U.S. firms oppose rules to curb short selling
Goldman Sachs Group Inc and Vanguard Group Inc are among U.S. companies opposed to rules proposed by U.S. regulators to limit short selling, according to letters filed by the companies. Read Full Article here.
Lehman administrator looks to dole out assets: report
The administrator for Lehman Brothers Holdings Inc plans to seek permission to remove the claims against the bank from British courts and give out assets directly to creditors, the Wall Street Journal said, citing a joint administrator for the collapsed investment bank. Read Full Article here.