Business
World Leader, Inc. World Leader at World Leading
January 1, 2522 -- //PRPressReleaseV22.2// -- World Leader, Inc. [NYSE:WLI], a world leader at world leading, announced today that for the third consecutive year it continues to lead the world at leading the world at world leading. The announcement was made at a press availability prior to the annual World Leader World Leader awards, presented annually by World Leader, Inc.
Citigroup, Bank of America Announce ATM Instant Equity Exchange Program
New York, April 6, 2009 -- Citigroup (NYSE: C) and Bank of America (NYSE: BAC) today jointly announced the launch of an innovative program, dubbed ATM Instant Equity Exchange, under which the two banks will commence dispensing stock vouchers rather than cash from ATMs under their control. Wells Fargo (NYSE: WFC) is expected to sign on to the program later in the week.
Citibank, co-founder of the AIEE! program: Photo (CC) Ed Yourdon.
GM Reveals the 2011 HUMMER Wee
Los Angeles, November 22, 2009 -- Ailing automaker GM revealed a radical new direction for its troubled HUMMER brand with the launch today of the HUMMER Wee at the 2009 Los Angeles Auto Show.
2011 HUMMER Wee
The HUMMER Wee, according to GM spokesman Putney Shiphlick, "provides a winning combination of old-time machismo and trendy modern environmental do-gooderism".
Ford, GM to Acquire Each Other
Detroit, August 19, 2009 -- Automotive giants Ford Motor Company (F) and General Motors (GM) galvanized American stock markets early this afternoon with nearly simultaneous hostile bids to acquire each other.
Ford was out first, issuing a bid to buy all outstanding shares of GM for $40 a share, a 30% premium on Friday's closing price. Mere seconds later, GM announced a bid to acquire Ford for $9 a share, a 35% premium. Shares in both industrial giants skyrocketed during the subsequent buying frenzy.
Fed Chief Bernanke Ups Interest Rates 1.25% "Just To Mess With People's Heads"
New York, January 30, 2008 -- In a surprise move that has left market analysts worldwide scratching their heads, Federal Reserve Chairman Ben Bernanke raised, rather than lowered, the discount and fed funds rates by an unprecedented 1.25% this afternoon.
Fed Chief Ben Bernanke
Rogue Societe Generale Trader "Just Got His Millions and Billions Mixed Up"
Paris, February 11, 2008 -- Jerome Kerviel, the so-called "rogue trader" whose actions resulted in a staggering $7.2 billion loss last month for French bank Societe Generale, simply got his millions and his billions confused, according to a French police officer who asked not to be identified.
Stocks Tumble on Self-fulfilling Prophecy Fears
New York, March 12, 2008 -- Worldwide stock markets fell sharply today on fears investors may react negatively to widespread nervousness regarding the potential for a downward market trend. The steep drop during morning trading led to a broad tumble across all major sectors, with panicky investors interpreting the fall as an indication of a setback in investor confidence.
Bush Backs Investment Banker Bonus Bailout In Wake of Subprime Crisis
New York, December 7, 2007 -- President George W. Bush called today for Congress to address a "growing crisis in investment banker bonuses" in the wake of the subprime mortgage disaster.
President Bush speaking at AAWP annual Christmas dinner
Wal-Mart Goes Green: The New Wal-Mart Employee Emissions Reduction Program
Bentonville, Arkansas, March 22, 2089 -- International low-budget retail conglomerate Wal-Mart said today it has joined the ranks of environmentally-friendly businesses with the announcement of WMEERP!, the Wal-Mart Employee Emissions Reduction Program.
Wal-Mart Methane Sealant
Ford Motor Company Preemptively Recalls 6.1 Million 2011 Models
Dearborn, Michigan, August 29, 2009 -- A spokesman for Ford Motor Company announced today the preemptive recall of all 6.1 million model year 2011 cars expected to be produced under the company's flagship Ford brand next year.
The recall, which will affect all new Ford automobiles immediately upon leaving the assembly line, is intended to address "serious production, concept, engineering and safety flaws that we expect to come to light in the recent future", according to the spokesman.
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