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'We participated in things that were clearly wrong and have reason to regret,' Lloyd Blankfein said. 'We apologise.' The head of Goldman Sachs has apologised for the Wall Street titan's role in helping to create the financial crisis. After being ridiculed for saying he was doing God's work, and having seen his company labelled as a bloodsucking vampire squid , Lloyd Blankfein yesterday delivered ...
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US firm Hershey may make a 17 billion US dollar (£10.3bn) bid for Cadbury, topping the recent 16.5 billion US dollar hostile offer by Kraft Foods, the Wall Street Journal has reported.
Industrialization can serve as "a critical engine of economic growth and development" for Africa, which, like the rest of the world, continues to feel the impact of the global economic and financial crisis, UN Secretary-General Ban Ki-moon said Friday. "UN figures indicate that the world economy is poised for recovery, but for Africa to benefit the continent must focus on industrialization as a ...
Mexico's private banks will aim to lend to around 35 percent of those firms that are in an irregular situation with authorities, in a bid to boost the country's economy in the wake of the financial crisis, a leading banker said on Friday. State-run regulator, the National Banking and Securities Commission (CNBV), "has allowed us to give financing based on credit scores, a risk calculation that ...
Hershey Co may make a $17-billion bid for UK candy company Cadbury PLC, topping the recent $16,5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports.
NEW YORK, Nov 20 (Reuters) - Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday. Citing a person close to the executive, the newspaper said Lewis's willingness to stay at the Charlotte, North Carolina-based bank ...
NEW YORK, Nov 20 (Reuters) - The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines, the Wall Street Journal reported. The final proposed investment into JAL by the nine-airline SkyTeam alliance could be "greater than what we've stated" thus far, Richard Anderson said in an ...
Invoking the memory of Edward M. Kennedy, Democrats united Saturday night to push historic health care legislation past a key Senate hurdle over the opposition of Republicans eager to inflict a punishing defeat on President Barack Obama. There was not a vote to spare.
The Senate voted along party lines Saturday night to overcome a Republican filibuster and bring to the floor a bill that would overhaul the nation's health-care system.
The Senate voted on Saturday to begin full debate of major health care legislation, propelling the bill over a crucial, preliminary hurdle.
Democratic leaders secured the last two votes to move ahead on historic health care legislation, clearing the way for a Saturday night showdown on President Obama's top domestic initiative.
The number of Americans traveling away from home for Thanksgiving will be up only slightly this year from 2008, according to a report from the AAA auto club.
Ms. Soderstrom was an opera star, who was acclaimed for the plangent richness of her singing and for a repertory that included leading roles in the Janacek operas.
TRIAGE Young children, here playing near where swine flu shots will be given in Texas, are one of the high-risk groups.
The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap.
Majority leader Reid secures 60 votes needed to override GOP filibuster, clear way for reform debate to begin after Thanksgiving recess.
