10 Episode(s) of this Podcast:
Published: 2008-12-03 21:05:48
A group of managers and employees has won an auction to buy
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A group of managers and employees has won an auction to buy Lehman Brothers Holdings' prized investment management unit, which includes the Neuberger Berman money management business. The bid from the Neuberger Berman group beat out two other competing bids, one of which came from the private equity firms Bain Capital Partners and Hellman & Friedman.
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Published: 2008-12-03 20:42:01
A $4.5 billion bid Wednesday by France's state-controlled po
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A $4.5 billion bid Wednesday by France's state-controlled power company for reactors in Maryland and New York could lead to the only foreign ownership stake in U.S. nuclear plants. The late bid for half of Constellation Energy's nuclear business also puts Electricite de France SA in direct competition with an American icon, Warren Buffet.
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Published: 2008-12-03 20:21:36
The head of the nation's largest automaker took perhaps the
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The head of the nation's largest automaker took perhaps the most important car ride of his life Wednesday, traveling 500 miles, mostly over highway through four states, to Washington, D.C., where he will ask Congress for a second time to save his slumping company.
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Published: 2008-12-03 20:18:40
Imperiled automakers and their union worked feverishly Wedne
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Imperiled automakers and their union worked feverishly Wednesday to sell a skeptical Congress on a $34 billion aid plan, promising labor concessions and restructuring. The Senate's Democratic leader said there still weren't enough votes to tap the $700 billion federal bailout fund to prop up the foundering Big Three.
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Published: 2008-12-03 19:58:32
Worried about their jobs and warned that the cost of failure
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Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to the struggling Detroit Three, including all but ending a much-derided program that let laid-off workers collect up to 95 percent of their salaries.
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Published: 2008-12-03 18:20:17
An unauthorized strain of genetically modified cotton was ac
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An unauthorized strain of genetically modified cotton was accidentally mixed in with other harvested cotton in Texas last month, but government officials on Wednesday played down any safety concerns. ...
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Published: 2008-12-03 17:39:24
Yahoo Inc. is plugging its Internet radio service into CBS C
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Yahoo Inc. is plugging its Internet radio service into CBS Corp.'s webcasting network in a move driven by dramatically higher fees for airing music online. Yahoo's retreat from operating a standalone service, announced Wednesday, makes it the second major Web site this year to flee the rising royalty rates by hitching its radio operations to CBS.
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Published: 2008-12-03 17:19:19
Federal regulators on Wednesday adopted new rules designed t
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Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
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Published: 2008-12-03 17:00:03
Wall Street withstood another stream of bad economic reading
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Wall Street withstood another stream of bad economic readings Wednesday, closing sharply higher after investors shuttled between pessimism about the recession and hopes that the nation might start seeing relief soon. The major indexes saw big swings throughout the day, but all closed up more than 2 percent, giving the market its second straight advance.
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Published: 2008-12-03 16:56:19
President-elect Barack Obama selected New Mexico Gov. Bill R
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President-elect Barack Obama selected New Mexico Gov. Bill Richardson as his commerce secretary Wednesday, naming a prominent Hispanic to his new Cabinet and calling him a leading "economic diplomat for America" in troubled times.
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