Wells Fargo plans to buy Wachovia; Citi ends talks
Wells Fargo emerged as the apparent victor in the battle for control of Wachovia Thursday night, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators but vowed to have its day in court.
Nations:U.S. Activities:2008 Wachovia Deal
2008-10-09
Fed to buy massive amounts of short-term debt
WASHINGTON - The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debt in a dramatic effort to break through a credit clog that is imperiling the economy.
Nations:U.S. Germany People:Henry Paulson Ben Bernanke Activities:2007 Global Credit Crunch
2008-10-07
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
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
Brewers take final wild-card spot over Mets
CC Sabathia and Ryan Braun helped the Brewers end 26 years of frustration, while Mets fans watched a frustrating finale rerun of their wretched September collapse from a year ago.
Nations:U.S. People:Brad Ausmus Carlos Delgado David Wright Carlos Zambrano Carlos Beltran Albert Pujols Activities:2008 MLB
2008-09-29
Favre throws 6 TDs in Jets' win over Cardinals
Somewhere, Joe Namath had to be smiling. While Brett Favre isn't exactly a reincarnation of Broadway Joe, he sure looked like Broadway Brett on Sunday. The longtime star quarterback did something for the Jets he never accomplished during his storied stint in Green Bay, throwing for six touchdowns in a 56-35 victory over the Arizona Cardinals.
Nations:U.S. People:Muhsin Muhammad Lane Kiffin Nate Kaeding Jason Campbell Greg Jennings Jay Cutler Activities:2008 NFL
2008-09-29
China tainted milk crisis triggers global recalls
BEIJING - An industrial chemical that made its way into China's dairy supplies and that authorities blame in the death of four babies has turned up in numerous Chinese-made exports abroad -- from candies to yogurt to rice balls.
Nations:New Zealand Taiwan U.K. Singapore U.S. Indonesia People:Ma Ying-jeou Wen Jiabao Activities:2008 China Milk Scandal Source:(AP)
2008-09-24
Bush team, Congress negotiate $700B bailout
WASHINGTON - The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.
Nations:U.S. People:Christopher Dodd Henry Paulson Harry Reid Nancy Pelosi Ben Bernanke Barack Obama Activities:2008 U.S. Financial Rescue 110th Congress Bush Admin.
2008-09-20
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