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Troubled Asset Relief Program

Washington"s bonus tax fantasy

Hoping to ride the wave of populist outrage against financial firms like Goldman Sachs, lawmakers have been hard at work hatching legislative schemes aimed at reining in bonuses at firms that received billions of dollars in taxpayer aid. There are separate proposals from two Democratic members

PNC’s Bailout Warrants May Be Worth $253.3 Million, Pluris Says - Bloomberg.com

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The Treasury Department could get about $15 for each of 16.9 million warrants, which convey a long-term option to buy an equal number of common shares at $67.63 apiece until Dec. 31, 2018, said Espen Robak , president of New York-based Pluris. Shares of Pittsburgh-based PNC traded at $51.11 as
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update3) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old firm had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update2) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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CIT Names Ex-Merrill Chief John Thain to Run Lender (Update1) - Bloomberg.com

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Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter
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No Job Growth for Small Business Spurs Recovery Doubt (Update1)

By Michael McKee Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January,

CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender

Feb. 8 (Bloomberg) -- John Thain , the ousted chief of Merrill Lynch & Co., was named to lead CIT Group Inc. , the commercial lender that emerged from bankruptcy in December, after almost a four-month search for a replacement. Thain, 54, becomes chairman and chief executive officer

CIT Taps Ex-Merrill Chief John Thain to Run 102-Year-Old Lender - Bloomberg.com

Thain, 54, becomes chairman and chief executive officer immediately, New York-based CIT said yesterday in a statement. The century-old lender had been led by Jeffrey Peek , another former Merrill Lynch executive, from July 2004 until Jan. 15, when Peek stepped down and board member Peter

No Job Growth for Small Business Spurs Recovery Doubt (Update1)

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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No Job Growth for Small Business Spurs Recovery Doubt (Update1) - Bloomberg.com

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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