Skip to main content

Opening Bell: 02.08.10

  • Author:
  • Updated:

Merrill's Ex-Chief Is Back, Atop CIT (WSJ)
Thain will be paid a $500,000 salary and receive restricted shares that, if available for sale today, would have a value of $5.5 million. No word on a discretionary fund for redecorating purposes.
A Park Avenue Battle (NYP)
Hedge fund manager Ross Haberman is suing his building's board, arguing that he shouldn't have the rent raised on his $380/month duplex at 737 Park.

Ex-Fed chairman Alan Greenspan says he's 'very concerned' over fall in stock markets
He told NBC's 'Meet the Press' over the weekend that "it's important to remember that equity values, stock prices, are not just paper profits. They actually have a profoundly important impact on economic activity."
Testy Conflict With Goldman Helped Push A.I.G. to Edge (NYT)
Lucas van Praag: "We requested the collateral we were entitled to under the terms of our agreements," he said in a written statement, "and the idea that A.I.G. collapsed because of our marks is ridiculous."
Geithner Defends US Bond Rating (WSJ)
TG on Sunday said the U.S. wasn't in danger of losing its triple-A bond rating, in the wake of a warning from Moody's Investors Services about U.S. treasury-bond rating. "Absolutely not," Mr. Geithner said in an interview with ABC News's "This Week" when asked about the prospect of the U.S. losing its top rating. "That will never happen to this country."
World's Tallest Tower Lookout Suddenly Shut Down (AP)
The Dubai skyscraper's owner Emaar Properties blamed the closure on "unexpected high traffic," but then added in a brief statement to The Associated Press Monday that "technical issues with the power supply" were being addressed.



Opening Bell: 9.6.16

Goldman sees rate hike in September; Harvard prof says ditch the 100 and 20 dollar bills; Woman mistakenly sets fire to car she thought was her ex’s; and more.