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- NEW YORK — Wachovia Corp. on Wednesday reported a staggering $24 billion loss as it took a goodwill impairment charge of nearly $19 billion ahead of its acquisition by Wells Fargo & Co. The bank reported a loss, after paying preferred dividends of ...
- Cerberus' preferred play is merging Chrysler LLC with GM in a deal that gives the private equity firm a stake in the combined company and a greater share of GM's financing arm -- GMAC. People familiar with those talks said Wednesday they believed ...
- The Colonial BancGroup Inc., parent company of Colonial Bank, on Wednesday reported a third-quarter net loss of $71 million, or 35 cents per share, and its leaders said the Montgomery-based bank continues "to face an extremely challenging operating ...
- Wachovia Corp. revealed its deep financial wounds Wednesday just ahead of its scheduled falling into the arms of Wells Fargo & Co. Charlotte-based Wachovia posted a third-quarter loss of $23.9 billion, reflecting its troubled portfolio of so-called ...
- Story Tools CHARLOTTE - In what was likely its last earnings report as an independent company, Wachovia Corp. on Wednesday said it lost $23.89 billion, or $11.18 per share, in the third quarter as mortgage losses continued to hurt the bank. The ...
- The stricken US bank Wachovia reported yesterday the biggest quarterly loss of any bank since the onset of the credit crunch. The $24bn (£14.7bn) of losses amount to more than the total price being paid for the North Carolina lender by its rival ...
- Wachovia, the American banking group that is being rescued by Wells Fargo, reported a quarterly loss of $23.9 billion (£14.7 billion) yesterday, one of the largest deficits recorded by a financial services group. The bank took an $18.8billion ...
- NEW YORK (AP) _ A jump in global sales boosted McDonald's Corp. 's third-quarter profit by 11 percent, the company said Wednesday, a bright spot among restaurant companies as strapped consumers balk at spending their cash on dining out. The nation's ...
- Wachovia today reported the largest quarterly loss of any US financial services group since the credit crisis began after announcing a $23.9 billion (£14.6 billion) deficit for the third quarter on the back of mushrooming losses on mortgages. The ...
- NEW YORK (Reuters) — The operator of the Ponderosa and Bonanza steakhouse chains filed for Chapter 11 bankruptcy protection Wednesday, in the latest example of how hard casual dining restaurants are being hit by the economic slowdown. The ...
- NEW YORK, Oct 22 (Reuters) - Atalaya Capital Management has agreed to acquire Bennigan's Franchising Co LP under a deal approved by U.S. Bankruptcy Court, the companies said on Wednesday. The investment firm said the acquisition includes the company ...
- NEW YORK, Oct 22 (Reuters) - The operator of the Ponderosa and Bonanza steakhouse chains filed for Chapter 11 bankruptcy protection on Wednesday, in the latest example of how hard casual dining restaurants are being hit by the economic slowdown. The ...
- Cassels Brock expert provides top tips for franchisees/franchisors TORONTO, Oct. 22 /CNW/ - Economic downturns are accompanied by the loss of jobs. But as employees exit former jobs - sometimes with severance packages in hand - the idea of purchasing ...
- Wachovia ( WB Quote - Cramer on WB - Stock Picks ) on Wednesday reported a net loss of $23.9 billion in the third quarter, as the Charlotte, N.C., bank took an $18.8 billion goodwill impairment charge ahead of its planned merger with Wells Fargo ...
- NEW YORK (AP) _ Wachovia Corp. on Wednesday reported a staggering $24 billion loss as it took a goodwill impairment charge of nearly $19 billion ahead of its acquisition by Wells Fargo & Co. The Charlotte , N.C. -based bank reported a net loss after ...
- Wachovia Corp. on Wednesday reported a staggering $24 billion loss as it took a goodwill impairment charge of nearly $19 billion ahead of its acquisition by Wells Fargo & Co. A Sept. 29, 2008 file photo shows a person is reflected in the window of a ...
- (RTTNews) - Monday, MidSouth Bancorp, Inc. (MSL: News ) the holding company for MidSouth Bank reported a drop in profit for the third quarter 2008, primarily attributable to increase in non-interest expenses related to franchise growth and increase ...
- Exelon Corporation (nyse: EXC - news - people ) is making a bid to acquire rival NRG Energy (nyse: NRG - news - people ) at an exchange rate of 0.485 Exelon shares for each NRG share. The offer is for a premium of roughly 37% over NRG's closing price ...
- You will be required to take ownership and full accountability for the achievement of economic profit, goals, business strategy/franchise, financial performance, monitoring and control of the Consumer Lending Value Stream within defined timescales ...
- The Delta State micro credit scheme has received a boost of N200 million from Oceanic Bank International Plc. The bank injected the fund to finance micro and medium enterprises in the state. The state government is providing N50 million as collateral ...
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