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  1. AIG's ex-CEO refuses $22 million severance payout: report

    earthtimes.org » The Earth Times Online Newspaper - Business News - Sep 22, 2008

    (Reuters) - American International Group Inc's former Chief Executive Robert Willumstad has rejected a $22 million severance payment, the Wall Street Journal reported, citing a person familiar with the decision.

  2. Goldman, Morgan Stanley abandon investment banking model

    earthtimes.org » The Earth Times Online Newspaper - Sep 22, 2008

    WASHINGTON (Reuters) - Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that has destroyed their rivals, effectively killing off the Wall Street investment banking

  3. Alitalia may lose license in days, invites offers

    earthtimes.org » The Earth Times Online Newspaper - Business News - Sep 22, 2008

    ROME (Reuters) - Aviation authorities may withdraw Alitalia's license in 3-4 days if the administrator making a last-ditch attempt to sell it off does not present emergency cost-cutting measures at a meeting on Monday.

  4. Europe halts world stock rally as U.S. plan eyed

    earthtimes.org » The Earth Times Online Newspaper - Business News - Sep 22, 2008

    LONDON (Reuters) - European stocks halted a rally in world equities on Monday and the dollar fell as jittery investors awaited detail of Washington's $700 billion bailout to tackle the worst financial crisis since the

  5. Goldman, Morgan Stanley abandon investment banking mod

    earthtimes.org » The Earth Times Online Newspaper - Business News - Sep 22, 2008

    WASHINGTON (Reuters) - Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that has destroyed their rivals, effectively killing off the Wall Street investment banking

  6. Nomura grabs Lehman's Asia business

    earthtimes.org » The Earth Times Online Newspaper - Sep 22, 2008

    TOKYO/HONG KONG (Reuters) - Japan's Nomura Holdings has reached a deal to buy the Asian operations of Lehman Brothers , a source said on Friday, outbidding other banks seeking to scoop up Lehman's Asia group on the

  7. Fed to regulate Goldman, Morgan Stanley

    earthtimes.org » The Earth Times Online Newspaper - Sep 22, 2008

    WASHINGTON (Reuters) - Goldman Sachs and Morgan Stanley gave up their cherished investment banking status in return for cover under the Fed's wing to survive a financial storm that U.S. authorities aim to tackle with a

  8. Nomura reaches deal to buy Lehman's Asia business

    earthtimes.org » The Earth Times Online Newspaper - Sep 22, 2008

    HONG KONG (Reuters) - Nomura Holdings , Japan's largest brokerage, has reached a deal to buy the Asian operations of Lehman Brothers , according to a source familiar with the matter.

  9. Goldman, M.Stanley transform into Fed-regulated banks

    earthtimes.org » The Earth Times Online Newspaper - Sep 22, 2008

    WASHINGTON/PHILADELPHIA (Reuters) - Goldman Sachs and Morgan Stanley were granted approval on Sunday to become bank holding companies regulated by the U.S. Federal Reserve, effectively killing off the investment

  10. Nomura, others vie for Lehman Asia operations: sources

    earthtimes.org » The Earth Times Online Newspaper - Business News - Sep 21, 2008

    TOKYO/SEOUL (Reuters) - Nomura Holdings , Japan's largest brokerage, has put in bids to buy both the Asian and European operations of failed U.S. investment bank Lehman Brothers , two financial industry sources told

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