Archive for July 14th, 2009

Ex-GM CEO Wagoner retires with $8.6 million (Reuters)

Written by on Tuesday, July 14th, 2009 in 276647.

Reuters – Former General Motors Corp Chairman and Chief Executive Rick Wagoner, ousted in March by the Obama administration, will retire in August with a package worth $8.6 million in the first five years, the company said on Tuesday.

Original post by Reuters and software by Elliott Back

Two major advocacy groups for the homeless on Tuesday ranked Los Angeles as the “meanest” city in the United States, citing a Skid Row police crackdown they say has criminalized poverty and homelessness there.

Original post by AFP and software by Elliott Back

Back to big profits for Wall Street powerhouse (AP)

Written by on Tuesday, July 14th, 2009 in Latest News.

Goldman Sachs is emerging as the king of post-meltdown Wall Street. Already the most powerful U.S. financial company before the credit crisis, the bank profited handsomely from Wall Street’s rally and the recovering credit markets during the second quarter and distanced itself from the few competitors still standing.

Original post by AFP and software by Elliott Back



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