Opening Bell: 06.05.09


FDIC Pushes Management Purge At Citi (WSJ)
SheBair putting Vikram's job on the line.
White-Collar Fugitives Tripped Up by Bad Planning, Weakness (Bloomberg)
Think about the next time you decide to try and fake your own death.
Jobs Ready to Return to Apple Helm (WSJ)
"He was one real sick guy,'' added this person. "Fundamentally he was starving to death over a nine-month period. He couldn't digest protein. [But] he took corrective action.''
AIG Prices Reinsurer Shares in $988 Million Offering (Bloomberg)
"American International Group Inc., the insurer selling most of its stock in reinsurer Transatlantic Holdings Inc. to repay a federal bailout, priced the shares at $38, valuing the offering at $988 million." Only a zillion more dollars to go on that IOU.
UK government heads towards cliff edge (FT)
"One way or another Mr Brown's fate should be sealed in the coming days ... the panic is palpable."
Fed dismissed TARP objections from JPMorgan, AMEX (FT)
"People close to the situation said the Fed had taken a tough line on JPMorgan and Amex because they were the only institutions that had passed the recent "stress tests" but had not yet raised equity."