Eli Lilly agrees to buy ImClone for over $6B
NEW YORK - The drugmaker Eli Lilly & Co. said Monday it has agreed to buy biotechnology company ImClone Systems Inc. for more than $6 billion in a deal that would expand its pipeline of cancer treatments.
Nations:U.S. People:Carl Icahn Source:(AP)
2008-10-06
Court tilts Wachovia fight toward Wells Fargo
NEW YORK - The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruling that had favored rival bidder Citigroup.
Nations:U.S. Activities:2008 Wachovia Deal Source:(AP)
2008-10-06
Wachovia says it will press ahead with Wells deal
NEW YORK - Wachovia Corp., at the center of a fight between Wells Fargo & Co. and Citigroup Inc. over who will buy the beleaugered bank, is moving ahead with its deal to sell itself to Wells Fargo -- while questions arise about the damaging effects that prolonged litigation might have on Wachovia.
Nations:U.S. Activities:2008 Wachovia Deal Source:(AP)
2008-10-05
Wells Fargo agrees to buy Wachovia, Citi objects
NEW YORK - A battle broke out for control of Wachovia Friday as Wells Fargo signed a $15.1 billion agreement to buy the Charlotte, N.C.-based bank, while Citigroup and the federal regulators backing its earlier deal insisted that Citi's takeover bid go forward.
Nations:U.S. Activities:2008 Wachovia Deal
2008-10-03
Wells Fargo acquiring Wachovia for $15.1 billion
NEW YORK - In an abrupt change of course, Wachovia said Friday it agreed to be acquired by San Francisco-based Wells Fargo & Co. in a $15.1 billion all-stock deal, trumping rival suitor Citigroup's plan to acquire Wachovia's banking operations.
Nations:U.S. Activities:2008 Wachovia Deal Source:(AP)
2008-10-03
Bush lobbies Congress to pass $700B bailout bill
WASHINGTON - President Bush and congressional backers of a $700 billion financial industry bailout carried out high-intensity lobbying Thursday, on the eve of a crucial House vote that Bush said "a lot of people are watching."
Nations:U.S. People:Christopher Dodd Harry Reid Barack Obama John McCain Activities:2008 U.S. Financial Rescue 110th Congress Bush Admin.
2008-10-02
House girds for second try on financial rescue
WASHINGTON - House members are getting another chance to vote on a bill many would like to avoid: a massive financial rescue that has infuriated millions but is being promoted as critically needed to stave off a deep recession.
Nations:U.S. People:Christopher Dodd Harry Reid Barack Obama John McCain Activities:2008 U.S. Financial Rescue 110th Congress Source:(AP)
2008-10-02
Citigroup to buy Wachovia banking operations
NEW YORK - In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp.
People:Henry Paulson Ben Bernanke Activities:2008 Wachovia Deal
2008-09-29
Citigroup to buy Wachovia banking operations
NEW YORK - Citigroup agreed Monday to buy Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte, N.C.-based bank the latest casualty of the widening global financial crisis.
Nations:U.S. People:Henry Paulson Ben Bernanke Activities:2008 Wachovia Deal
2008-09-29
Paul Newman, actor who personified cool, dies
WESTPORT, Conn. - Paul Newman, the Oscar-winning superstar who personified cool as the anti-hero of such films as "Hud," "Cool Hand Luke" and "The Color of Money" -- followed by a second act as an activist, race car driver and popcorn impresario -- has died. He was 83.
Nations:U.S. People:Paul Newman Jackie Gleason John Huston Lauren Bacall Sally Field Robert Altman Activities:Cannes Film Festival Sundance Film Festival
2008-09-27
WaMu is largest U.S. bank failure
NEW YORK/WASHINGTON (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion. The rescue marks a historic step to clean up a U.S. financial system littered with toxic mortgage debt.
Nations:U.S. Activities:2008 WaMu Failure
2008-09-25
Buffett to invest $5 billion in Goldman
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) will invest $5 billion in Goldman Sachs Group Inc (GS.N), in a major boost for the Wall Street bank from perhaps the world's best-known investor.
Nations:France U.S. People:Warren Buffett Activities:2007 Global Credit Crunch
2008-09-23
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