Wall Street Rumors - March 28, 2008
Written By TarikDaily Wall Street Rumors Covering the Global Markets. Subscribe to the Daily Rumors Update Here.
Friday’s edition is rather light. The normally longer editions will return on Monday as usual. Enjoy your weekend!
Bank of America Pays $28 Million to Retain Countrywide President
Bank of America Corp. (NYSE: BAC) has agreed to pay $28 million in cash and stock to Countrywide Financial Corp. President David Sambol as an incentive for him to stay with Bank of America after its planned acquisition of the mortgage lender.
Dow Jones at 16,000?
Predictions state that we could experience a 16,000 DJIA index by Late 2009. Hold on to your hats!
Air France Poses Bid for Alitalia
Air France-KLM SA (NYSE: AKH) sweetened its bid for Alitalia SpA by offering to take back almost half the staff at the ground and maintenance business as it seeks backing from Italian labor unions, according to a document seen by Dow Jones Newswires Friday.
The Five Dumbest Things on Wall Street
The Five Dumbest Things on Wall Street - Self explanatory.
