By IBTimes
Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the "grave dancer." This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost. (May 25)
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CHRYSLER, INVESTMENT, BANK OF AMERICA, BARCLAYS, NYSE, NEW YORK, MANAGEMENT, ATTORNEY FEES
By IBTimes
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the "good news," some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself. (May 25)
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FEDERAL RESERVE, FREDDIE MAC, FANNIE MAE, BANK OF AMERICA, JPMORGAN CHASE, MERRILL LYNCH
By Reuters
Businessman Peter Brabeck, celebrating his appointment as Formula One chairman on Friday, said the motor racing series had not made a decision on whether to proceed with a much discussed $10 billion listing on the stock market in Singapore. (May 25)
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NESTLE, GOLDMAN SACHS, MORGAN STANLEY, FACEBOOK, MANAGEMENT, INVESTMENT
By Reuters
Lehman Brothers Holdings Inc said it would acquire the remaining 26.5 percent of apartment company Archstone that it didn't already own from Barclays Capital <BARC.L> and Bank of America Corp <BAC.N> for $1.58 billion. (May 25)
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BANK OF AMERICA, BARCLAYS, MORGAN STANLEY, COURT, NEW YORK, LAWSUIT
By Reuters
Lehman Brothers Holdings Inc said it has bought the remaining 26.5 percent of apartment company Archstone from Barclays Capital <BARC.L> and Bank of America Corp <BAC.N> for $1.58 billion. (May 25)
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BANK OF AMERICA, BARCLAYS, COURT, LAWSUIT
By Reuters
Lehman Brothers Holdings Inc, one of three owners of Archstone, has reached a deal to buy the last portion of the apartment company it does not own for $1.58 billion, sources with knowledge of the matter said on Thursday. (May 24)
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BANK OF AMERICA, BARCLAYS, COURT, NEW YORK, LAWSUIT, INVESTMENT
By IBTimes
The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo. (May 24)
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SEC, CONGRESS
By Reuters UK
The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo sent to Reuters. (May 24)
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SEC, COURT, COMMERCIAL REAL ESTATE, INVESTMENT, CONGRESS
By Reuters
The financial crisis and its aftermath have been brutal for Wall Street's richest and most powerful women. The latest casualty: Ina Drew, the head of JPMorgan Chase's chief investment office, who departed last week after the bank suffered mammoth trading losses. (May 24)
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CITIGROUP, BANK OF AMERICA, JPMORGAN CHASE, U.S. BANCORP, WELLS FARGO, MANAGEMENT
By Reuters
The deal that gave Goldman Sachs Group Inc a $5 billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified at the insider-trading trial of onetime Goldman board member Rajat Gupta. (May 23)
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RAJ RAJARATNAM, GOLDMAN SACHS, LLOYD BLANKFEIN, COURT, NEW YORK, INSIDER TRADING