Tag "3"

May 29, 2015 MONEY (MSM)

Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt'

Six years, seven months and 13 days after Lehman Brothers Holdings Inc filed for bankruptcy, its former chief executive, Richard Fuld Jr., is still insisting it did not go broke. “Lehman Brothers in 2008 was not a bankrupt company,” Fuld said at a conference in Manhattan on Thursday, his first such public appearance since the financial crisis for which Lehman’s massive Chapter 11 filing marked a tipping point. During a

May 29, 2015 MONEY (MSM)

Amazon Plans to Add Its Own Line of Food

Following the playbook of countless retailers, Amazon.com Inc. is preparing to broadly expand its fledgling lineup of private-label brands to include an array of grocery items such as milk, cereal, and baby food as well as household cleaners, people familiar with the matter said. Amazon’s planned expansion in the private-label business mirrors a more traditional retail model where name-brand products are sold beside store-owned goods. Private labels have become a

May 29, 2015 MONEY (MSM)

Greek bank deposits fall to lowest level in a decade – ECB data

FRANKFURT/ATHENS (Reuters) – Greek bank deposits fell by 5.6 billion euros (4 billion pounds) in April, European Central Bank data showed on Friday, as the pace of outflows picked up and took the balance to its lowest level in more than a decade. Deposits fell to 139.4 billion euros ($153 billion) from 145 billion euros in the previous month, the ECB data showed. Deposits have been dropping steadily since October,