Ouster in Afghanistan
By Kevin Connor • May 12, 2009 at 02:45 EST
Top American commander in Afghanistan fired by Gates. (NYT)
Nephew of Murtha took advantage of family ties as defense contractor. (WaPo)
NTSB to hold hearing on safety issues related to Buffalo crash, including pilot failures. (WaPo)
Dreier pleads guilty to $400 million fraud involving sale of fake notes. (Reuters)
Geffen expresses interest in NYT stake. (Bloomberg)
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Leaks reveal holes in Wall St bucket
By Kevin Connor • May 07, 2009 at 04:59 EST
Treasury stress test results to be released today; Wells Fargo and GMAC among entities needing more capital. (NYT)
Maine governor reverses position, signs same sex marriage bill. (NYT)
GM lost $6 billion in first quarter. (NYT)
Senate panel, convened by Kerry, grapples with future of news. (WSJ)
Major Obama backers Pritzker, Crown, and Bluhm working to fight card check legislation. (Bloomberg)
Bair tells Senate committee that a “systemic risk council” is needed to oversee too big to fail banks. (AP)
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Equity liberation front
By Matthew Skomarovsky • May 06, 2009 at 06:22 EST
Private equity firms enlist Cohen, Quarles in effort to overturn Fed’s bank ownership regulations. (NYT)
To exit Treasury’s TARP, banks will be required to forgo lucrative FDIC debt guarantees. (WSJ)
DOJ torture probe, after consulting Yoo and Bybee, won’t recommend prosecution of Yoo or Bybee. (WSJ)
Boston Globe escapes NYT’s shutdown threat after major union agrees to pay cuts. (Boston Globe)
Waxman predicts emissions law by end of 2009. (Bloomberg)
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Down to the wire
By Kevin Connor • May 04, 2009 at 04:52 EST
Times Company issues ultimatum to Boston Globe unions, will begin shutdown process today without major concessions. (Boston Globe)
Citi and BofA will make one last attempt today to convince Treasury and Fed that stress test results were too pessimistic. (FT)
Lobbyists at National Pork Producers Council struggle to contain swine flu’s hit to industry. (WaPo)
NY Fed chair sat on Goldman board and owned stock in violation of Fed conflict of interest policies. (WSJ)
Jack Kemp dies at 73. (NYT)
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