Finance counsels

AIG Chief Executive Robert Benmosche told his staff on Wednesday that he is "frustrated" with ongoing discussions with the government about bonuses, but he will remain with the company.
Benmosche said in a memo to employees that he remains "totally committed to leading AIG through its challenges," even though he is exasperated by "the time […]

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Comcast Corp’s bid for a controlling stake in NBC Universal to create a media powerhouse could be hurt by conflicting interests on Capitol Hill and conditions that hurt synergies, but the deal will likely be approved by regulators after a lengthy review.
Comcast and General Electric Co have been in talks to reach a […]

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In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of “guanxi.”
A central concept in Chinese society, guanxi loosely translates as “connections” and relationships.” But to Chinese people, it means much more than that: Guanxi equals power.
“Sometimes, money cannot buy you guanxi. But if you have […]

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Kraft Foods Inc is expected to formalize on Monday a hostile takeover bid for Britain’s Cadbury Plc valued at roughly 10.2 billion pounds ($16.7 billion), sources familiar with the situation said on Sunday.
Cadbury previously rejected Kraft’s informal offer two months ago, which was worth 745p a share, saying it made no strategic or financial […]

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Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.
In complaints that read like scripts for the TV series “The Sopranos,” investigators alleged suspects dropped off bags full of cash, used […]

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Comcast Corp’s quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies.
But the largest U.S. cable company, which sources have said is in talks to take control of NBC Universal, suffered from a lack of corresponding gains in revenue received […]

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What do you know? The suits at troubled finance firm GMAC must like working for less money. How else to explain that GMAC is reportedly trying to get a third helping of government rescue funds?
GMAC is one of the seven firms that the Obama administration announced sweeping changes in executive compensation for last […]

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