Tag Archives: investor-enthusiasm
EDF close to buying half of Constellation
Reuters – Electricite de France SA is close to an agreement to buy half the nuclear power business of Constellation Energy Group Inc (CEG.N) for $4.5 billion, Bloomberg reported, citing people familiar with the situation. Approval by Constellation‘s board, subject […]
Christine Lagarde warned Hank Paulson to bail out Lehman Brothers
Telegraph.com.UK – Sources close to Mrs Lagarde said that she had called the US Treasury Secretary – a close personal friend – well before the ailing bank’s collapse imploring him to act, but he chose not to. Lehman Brothers’ demise […]
Stocks stabilize; government bails out AIG
Portsmouth Herald News – The Federal Reserve resisted a cut in interest rates Tuesday and then forged a plan to take over American International Group Inc. and rescue the insurance giant from the brink of bankruptcy with an extraordinary $85 […]
Paulson hedge fund now looks to buy banks
Independent- The man who made a personal $3.7bn (£1.85bn) fortune by predicting the credit crisis is hoping to make another killing by helping to prop up financial companies brought to the brink of ruin by the chaos in the debt […]
Bear Stearns passes into Wall Street history
Financial Times – Jimmy Cayne apologised for the first time to Bear Stearns shareholders and employees on Thursday as the investment bank he helped build into a scrappy powerhouse formally disappeared into Wall Street history as the biggest victim of […]
