News Source: Honolulu Advertiser
| about 1 month ago
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report shows that the worst recession since the 1930s is still inflicting widespread pain and underscores one of...
News Source: The News Journal
| about 1 month ago
August factory orders fall, Commerce Department says New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession. The Commerce Department said demand for...
News Source: Boston Herald
| about 1 month ago
Bank CEO search Bank of America Corp. said it created a six-member committee of directors to find a successor for CEO Ken Lewis. The panel is led by Chairman Walter Massey and includes Charles Gifford, Thomas May, Thomas Ryan, Donald Powell and...
News Source: Miami Herald
| about 1 month ago
N.Y. attorney general says feds threatened bank CEO New York's attorney general said Thursday that government officials pressured Bank of America CEO Ken Lewis to complete the bank's purchase of Merrill Lynch, threatening his job security. A letter...
News Source: International Business Times
| about 1 month ago
Bank of America Corp's six-member CEO search committee includes three former directors of FleetBoston Financial Corp, a sign the bank's "Boston connection" may take a stronger role in setting future strategy. Known as the "transition committee," the...
News Source: United Press International
| about 1 month ago
U.S. financial giant Bank of America said it formed a search committee to find a replacement for beleaguered Chief Executive Officer Kenneth Lewis ...Months later, a federal judge in New York refused to sign off on a $33 million settlement Bank of...