The WSJ reported that a Hoover brand owner was the highest bidder at the Oreck bankruptcy auction, squelching the Oreck family’s chance at buying back its namesake vacuum cleaner company.
The Wall Street Journal reported that U.S. District Judge David O. Carter said he would tentatively allow the Justice Department’s lawsuit against S&P to move forward.
The Wall Street Journal reported that investor Carl Icahn has raised more than $5 billion to finance his plan to recapitalize personal-computer maker Dell, a move he said should end speculation that the funds wouldn’t be available.
The Wall Street Journal reported that several large banks submitted their own collective crisis plan to the Federal Reserve in an effort to preempt more stringent regulations.
The Wall Street Journal reported that Dell chairman and CEO Michael Dell made a personal pitch to shareholders supporting the proposed deal to buy the company from public investors.
The Wall Street Journal reported that GE CFO Keith Sherin is expected to succeed Michael Neal as chief executive of GE Capital as early as this summer.
The WSJ reported that Deirdre McGuinness is leaving her post as a Wells Fargo restructuring banker to help run claims agent firm Kurtzman Carson Consultants as managing director of corporate restructuring.
The Wall Street Journal reports that GE Capital CEO Mike Neal expects the finance unit to be designated systemically important by regulators when they meet next week to determine which companies pose a risk to the U.S. financial system and merit tougher scrutiny.
The Wall Street Journal reported that GE is evaluating potential successors to GE Capital chief Michael A. Neal, as the company prepares for a change at the top.
The Wall Street Journal reported that shareholders at JPMorgan Chase rejected a proposal to split Jamie Dimon’s dual roles as chief executive and chairman.