NEW YORK (Reuters) - Bank of America Corp BAC Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday.Citing a person close to the...
By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
PHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey, which is still considering...
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]
Fed Chairman Ben S. Bernanke said after a Nov. 16 speech in New York that it’s “not obvious” that asset prices in the U.S. are out of line with underlying values after a 64 percent jump in the Standard & Poor’s 500 Index from its March low.[More...]
BloggingStocks: In the past, I've covered Rochdale Securities analyst Dick Bove's inane ramblings about how fantastically awesome Bank of America (NYSE: BAC) CEO Ken Lewis is. Last month he called Mr. Lewis "phenomenally good" and his notes to investors are ... Read more
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