Recent Event Highlights: $13 Trillion in Obligations Show Shadow Banks Still Threat to Financial System - Money Morning, Blakeman Falls Behind In US Senate Campaign Funds - Long Island Press, It's JP Morgan Day: Meet the New US Investment Banking Heads - Wall Street Journal (blog), JPMorgan wealth units' revenue rises; assets fall - Reuters, Deutsche Hires Bear Stearns Vet - Emii.com, Merrill, UBS Sued by Schwab Over Mortgage-Backed Securities - BusinessWeek, and 261 more...
Created by dipity on Oct 20, 2008
Last updated: 11/10/10 at 12:31 AM
New York PostBlakeman Falls Behind In US Senate Campaign FundsLong Island Press14 from former Bear Stearns economist David Malpass, who had $2.4 million, which includes a $1.5 million personal loan to his campaign. ...DioGuardi petitions for primary in NY Senate raceSILive.comall 45 news articles »
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Financial NewsIt's JP Morgan Day: Meet the New US Investment Banking HeadsWall Street Journal (blog)By Deal Journal A Bear Stearns banker who was named in the first wave of senior appointments when the firm was acquired by JP Morgan Chase two years ago has ...Urwin, Willsey to Run JPMorgan US Investment BankBusinessWeekJPMorgan Names Senior Investment Banking ExecutivesNew York Times (blog)JPMorgan names new joint leaders of US investment unitFinancial TimesOn Wall Street -Reuters -Emii.comall 25 news articles »
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Financial NewsDeutsche Hires Bear Stearns VetEmii.com... currencies and commodities and head of complex structured products and has formerly held senior positions at Bear Stearns and JP Morgan.Deutsche Bank hires Bear Stearns alum MayerReuters UKDeutsche Bank Hires Mayer for Markets North AmericaBusinessWeekDeutsche Bank taps Mayer head of NA global marketsThe Associated PressFinancial News -National Post (registration) (blog) -New York Times (blog)all 111 news articles »
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Merrill, UBS Sued by Schwab Over Mortgage-Backed SecuritiesBusinessWeeks Merrill Lynch & Co., UBS AG and Bear Stearns Cos. were sued by Charles Schwab Corp. over claims they lied or omitted information on mortgage-backed ...and more »
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Fitch Takes Various Rating Actions on Bear Stearns Structured Products Trust ...MarketWatch (press release)NEW YORK, Jul 13, 2010 (BUSINESS WIRE) -- Fitch Ratings has taken various rating actions on 25 classes of Bear Stearns Structured Products Trust 2000-1 as a ...and more »
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New York Fed Begins Repayment of Loan That Rescued Bear StearnsBusinessWeek... Reserve Bank of New York said that it will start repaying the $28.8 billion loan the central bank made to rescue Bear Stearns Cos. two years ago. ...and more »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGgQ6KtTZCLLyVvMXtUztixrtzzjg&url=http://www.businessweek.com/news/2010-07-07/new-york-fed-begins-repayment-of-loan-that-rescued-bear-stearns.html
Washington PostSalas Discusses Fed Secrecy on Assets Bought in Bear Aid: VideoWashington PostJuly 1 (Bloomberg) -- Bloomberg's Caroline Salas discusses the credit quality of assets the government purchased in the rescue of Bear Stearns Cos. and the ...Federal Reserve Made US Taxpayers Junk-Bond BuyersBusinessWeekFed Took On Junk Assets In Bear RescueEmii.comFed Bought Junk Bonds In Maiden Lane Wall Street Rescue, But Didn't Tell CongressHuffington Post (blog)Slate Magazineall 27 news articles »
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFV2TWw7tgF8d3ST8uU9strRU7t5A&url=http://www.washingtonpost.com/wp-dyn/content/video/2010/07/01/VI2010070103338.html
Excerpt
...chops enough, I can tell you to “go forth and procreate with yourself.” What you’ll get from this book is a great history of Bear Stearns, during which Greenberg spent the majority of the career we know him to have had. Bear was 21 years old when Greenberg...
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MartinKronicle
http://feedproxy.google.com/~r/Martinkronicle/~3/ij3Dq4n-suQ/
MangoSoft Expands Management TeamMarketWatch (press release)Past assignments include Brevet Capital, Bear Stearns, SAC Capital and Liberty Mutual Insurance Group. Mr. Gavin holds an MBA from the Stern School at NYU ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fmangosoft-expands-management-team-2010-06-17%3Freflink%3DMW_news_stmp&usg=AFQjCNF8H_QWeL02vQWePunjcku_MZja9A
Reuters (press release)Bernanke Pleased With Financial Bill's ProgressWall Street JournalThe Fed chief noted that before the crisis, major investment banks like Bear Stearns and Lehman Brothers and large insurance companies like American ...Bernanke Sees Upcoming Approval Of Financial ReformRTT Newsall 362 news articles »
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Examiner.comBlagojevich trial testimony gives details on pension bond kickback dealExaminer.comProsecutors contend that Kelly and Tony Rezko, who was convicted of corruption two years ago, chose Bear Stearns for a pension bond deal because they had a ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.examiner.com%2Fx-51155-Chicago-Government-Examiner~y2010m6d16-Blagojevich-trial-testimony-gives-details-on-pension-bond-kickback-deal&usg=AFQjCNGtmibS4cP-vBaHf8Zyn8SdVOt2hQ
RBC Finishes Takeover Of JP Morgan's RIA-Custody BusinessWall Street Journal(JPM) acquired the RIA-custody business from Bear Stearns, which it took over in 2008. Under Toronto-based RBC, the business is now part of RBC Advisor ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FBT-CO-20100616-710423.html%3Fmod%3DWSJ_World_MIDDLEHeadlinesAmericas&usg=AFQjCNFzmprXB3U4xR79k7fBxBMPg9XZ2w
ETF Trends (blog)SEC 'Revolving Door' Under ReviewWall Street JournalIn a 2008 report, Mr. Kotz alleged that the director of the SEC's regional office in Miami had failed to vigorously enforce an action against Bear Stearns ...So What is the SEC's Inspector General Inspecting?Wall Street Journal (blog)Sen. Grassley targets SEC's 'revolving door'InvestmentNewsall 287 news articles »
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Broker hires former Bear Stearns MBS teamStructured Credit Investor (subscription)Independent broker-dealer Braver Stern Securities has added five new MBS hires, who formerly worked at Bear Stearns. They will be based in its new Midwest ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.structuredcreditinvestor.com%2Fstory.asp%3FPUB%3D250%26ISS%3D22353%26SID%3D26081%26article%3DBroker%2520hires%2520former%2520Bear%2520Stearns%2520MBS%2520team&usg=AFQjCNE1q0UG9y_AQUB0JeIFartZxMh45A
Consider the following facts about Moody s and S PBefore It's News... quality of providing comic relief, to wit, the astonishingly belated downgrades of Enron, Lehman Brothers, Bear Stearns, Citi, AIG and now Greece. ...and more »
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ABC NewsBlagojevich Aide Talks About Emanuel, Bear StearnsChicago Public RadioMonk also described a bond sale led by Bear Stearns - a contract he says the company got at the recommendation of Blagojevich fundraisers Chris Kelly and ...Blagojevich's ex-chief of staff testifiesDaily IlliniSo far, prosecution frail in Blagojevich caseSouthtown StarUPDATE: Blagojevich Corruption TrialWIFRBusinessWeek -American Chronicle -Sifyall 2,355 news articles »
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Excerpt
...statements. JPMorgan, which acquired the unit in its March 2008 purchase of Bear Stearns Cos, kept the name and branded it “Bear Stearns: a JPMorgan Company.” Chief Executive Officer Jamie Dimon, the son and grandson of stockbrokers, said on October 27 that...
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Business Standard
http://feedproxy.google.com/~r/Business-Standard-Markets-Investing-All/~3/s37Ddqkd1KA/storypage_c.php
Excerpt
The Bear Stearns Cos. name may live on through memorabilia sold on eBay. Starting next month, it won't be on a business card.
The Bear Stearns Private Client Services division, the last to use the name of the failed firm, is changing to JPMorgan
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The Tennessean
http://www.tennessean.com/article/20100109/BUSINESS01/1090337/2047/BUSINESS
Excerpt
...(Adds Strazzini hiring in the seventh paragraph.) Jan. 7 (Bloomberg) -- Samuel Molinaro, who presided over Bear Stearns Cos.’ finances as the firm collapsed in the subprime crisis, is staging a comeback. Molinaro, 52, is helping former Bear Stearns client...
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Business Week
http://www.businessweek.com/news/2010-01-07/bear-stearns-s-molinaro-said-to-be-in-talks-for-pali-update1-.html
Excerpt
...underwriter of mortgage-backed bonds until 2007, as it imploded. “He certainly has a very strong, loyal following amongst Bear Stearns employees,” said Fares Noujaim, executive vice chairman at Bank of America Corp. and a colleague of Molinaro’s at Bear Stearns...
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Business Week
http://www.businessweek.com/news/2010-01-07/bear-stearns-s-molinaro-said-to-be-in-takeover-talks-for-pali.html
Excerpt
...and Savio are just two of several Bear Stearns employees that have moved over to Guggenheim. Find out who went where in The Bear Stearns Exodus Dealwatch. - Maria Woehr Please only click "Post" once. It may take a few moments to process. ...
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DealScape
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http://feedproxy.google.com/~r/dscape/~3/nOTpoLQtml0/is_schwartz_rebuilding_bear_st.php
Excerpt
...Bank of New York by around $2.6 billion. The Fed put up $29 billion in March 2008 to underwrite JPMorgan Chase’s rescue of Bear Stearns, and was forced to step up again last September to prevent A.I.G. from collapsing, days after the failure of Lehman Brothers. The...
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Dealbook
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http://dealbook.blogs.nytimes.com/2009/08/21/fed-lifts-value-of-bear-stearns-aig-assets/
Excerpt
...an insider trading charge. The funds' failure was an early trigger for a credit crunch and the government-arranged sale of Bear Stearns to JPMorgan Chase & Co . Dane Butswinkas, a lawyer for Cioffi, did not immediately return a call and email seeking a comment. In...
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International Business Times
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http://www.ibtimes.com/articles/20090819/bear-stearns-exec-ignored-conflict-warnings-government.htm
Excerpt
...Urwin, former co-head of investment banking at Bear Stearns and now JPMorgan's head of investment banking coverage in the Americas, has cut the price of his Upper East Side townhouse to $26 million from $32.8 million. The listing, with Corcoran Group's Carrie...
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The Real Deal: New York
http://feedproxy.google.com/~r/trdnews/~3/Eyz7g6TMJ50/former-bear-stearns-exec-cuts-townhouse-price-jeff-urwin
Excerpt
...VEGAS A former Bear Stearns executive, a self-employed logger and a tournament poker player have each captured more than 20 million chips as they seek a spot at the final table of the World Series of Poker main event. Steven Begleiter, a 47-year-old former...
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The Honolulu Advertiser
http://www.honoluluadvertiser.com/article/20090715/BREAKING02/90715102/-1/RSS01?source=rss_breaking
Excerpt
...VEGAS (AP) - A former Bear Stearns Co. executive, a self-employed logger and a tournament poker player have each captured more than 20 million chips as they seek a spot at the final table of the World Series of Poker main event. Steven Begleiter, a 47-year-old...
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KIVITV.com
http://www.kivitv.com/global/story.asp?s=10734768
Excerpt
...VEGAS (AP) -- A former Bear Stearns executive, a self-employed logger and a tournament poker player have each captured more than 20 million chips as they seek a spot at the final table of the World Series of Poker main event. Steven Begleiter, a 47-year-old...
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Sports Illustrated
http://sportsillustrated.cnn.com/2009/more/07/16/world.series.poker.ap/index.html?eref=si_more
Excerpt
...wisdom about the bailouts of 2008 goes something like this. Federal regulators started off on the right foot by bailing out Bear Stearns and midwifing its sale to JPMorgan Chase. They were right to bail out AIG six months later, but botched the execution....
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Clusterstock
http://feedproxy.google.com/~r/clusterstock/~3/GLALvi_MyRM/bear-stearns-should-have-been-allowed-to-go-bankrupt-2009-6
Excerpt
...inattentive to even critical operational questions. A little more than a year ago, the fabled investment banking house of Bear Stearns was one of the pillars not only of Wall Street but also of the global economy, widely admired for its daring innovations...
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Salt Lake Tribune
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http://www.sltrib.com/ci_12408532?source=rss
Excerpt
...by the late trading and market timing of mutual funds facilitated by Bear Stearns from January 1999 through October 2003. Bear Stearns consented to the order without admitting or denying the findings. Among other things, the order required Bear Stearns to...
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All American Patriots
http://www.allamericanpatriots.com/48751975-sec-announces-first-distribution-from-267-million-bear-stearns-fair-fund
Excerpt
...treated by both Bush/Paulson and now Obama/Geithner, it's no wonder they think they are deserving. A former executive of Bear Stearns has sued for a $2 million bonus he says he is owed. Gary M. Reback was fired from Bear Stearns in May 2008 as JPMorgan Chase...
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AMERICAblog
http://feedproxy.google.com/~r/Americablog/~3/Yix9wyKUJvU/former-bear-stearns-exec-sues-for-bonus.html
Excerpt
...Morgan Chase & Co. bought the nearly-collapsed investment bank. The suit filed in Manhattan Supreme Court on May 1 names Bear Stearns and JPMorgan as defendants. Mr. Reback claims that even though Bear Stearns was on the verge of going under, he helped make...
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NewYorkBusiness.com
http://www.crainsnewyork.com/article/20090511/FREE/905119981
Excerpt
...JPMorgan Chase & Co. bought the nearly collapsed investment bank. The suit filed in Manhattan Supreme Court on May 1 names Bear Stearns and JPMorgan as defendants. Reback claims that even though Bear Stearns was on the verge of going under, he helped make...
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The Seattle Times
http://seattletimes.nwsource.com/html/businesstechnology/2009206362_apuswallstreetbonuslawsuit.html?syndication=rss
Excerpt
...business was "weak," Dimon said in his annual letter to shareholders. Dimon added in the letter that the he expects the Bear Stearns businesses to eventually add $1 billion in annual earnings to JPMorgan's bottom line. Last year, JPMorgan earned $5.6 billion...
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Big News Network
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http://feeds.bignewsnetwork.com/?rid=23644396&cat=3a8a80d6f705f8cc
Excerpt
...visiting. It really wasn’t on my radar screen – I was so Asia focused”, Antos said. And then in the matter of 72 hours, Bear Stearns’ capitalization fell from $18 billion on Wednesday, 12th March to roughly $2 billion on Friday, 14th March. That weekend,...
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CNBC
http://www.cnbc.com//id/29714550
Excerpt
A year ago today, Wall Street woke up to the news that Bear Stearns, the fifth-largest investment bank in the United States, would disappear.
Many traders and bankers remember where they were when they learned that Bear was being sold to JPMorgan
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Dealbook
http://dealbook.blogs.nytimes.com/2009/03/16/echoes-of-bear-stearns-one-year-later/
Excerpt
...make investors more skeptical. And so I thought all of that together meant that it was unlikely we were going to get another Bear Stearns. Lehman Brothers appears to have taken away the lesson in part that, you know, since the liquidity window was open and...
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NPR
http://feeds.americanpublicmedia.org/~r/APM_Marketplace/~3/3oW6afJD0fs/
Excerpt
...Bear Stearns was allowed to fail as payback for not propping up the near failure of Long-Term Capital Management. Plainly spoken, Bear Stearns was the victim of revenge. This clearly illustrates that those in power can and will wield their power to reward...
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Ludwig von Mises Institute
http://blog.mises.org/archives/009551.asp
Excerpt
...left several sleep-deprived Bear executives in tears. In his new book, which coincides with the first anniversary of the Bear Stearns crisis, Mr Cohan, himself a former investment banker, provides a riveting, blow-by-blow account of the days leading up to...
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Economist
http://feedproxy.google.com/~r/economist/full_print_edition/~3/hyQ9miUcbbw/displaystory.cfm
Excerpt
... [BAC Loading... () ]. But it would also be crazy to pull your deposits out of those banks. That's all Jim was saying about Bear Stearns. He was trying not to cause a run on the darned investment bank. And in the end, he turned out to be right. Cramer's charitable...
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CNBC
http://www.cnbc.com/id/29509036?__source=RSS*blog*&par=RSS
Excerpt
CHICAGO (Reuters) - A former municipal banker at Bear, Stearns & Co, pleaded guilty on Wednesday to fraud involving hospital financing that is part of a wide-ranging probe of government corruption in Illinois.
P. Nicholas Hurtgen, who had been set to
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Reuters
http://feedproxy.google.com/~r/reuters/businessNews/~3/dXxqDQlCtPY/idUSTRE51O7PI20090225
Excerpt
Although countless indicators of varied usefulness exist, there is a bizarre breed of them, ranging from the skirt lengths to Big Macs.
How much can $1 million buy you in today’s real estate market? The answer, of course, varies greatly depending on
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CNBC
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http://www.cnbc.com//id/29300204
Excerpt
... WASHINGTON -- The Federal Reserve marked down the value of investment portfolios acquired in the rescues of Bear Stearns Cos. and American International Group Inc. by 2.4 percent to US$72.2 billion, adding to potential taxpayer losses from its bailouts. ...
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China Post
http://www.chinapost.com.tw/business/americas/2009/01/31/193998/Value%2Dof.htm
Excerpt
...Report The State of Michigan has been appointed lead plaintiff in the national securities action lawsuit against Bear Stearns, according to an announcement by Michigan Attorney General Mike Cox and Michigan Treasurer Robert Kleine. The lawsuit claims...
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South Bend Tribune
http://www.southbendtribune.com/apps/pbcs.dll/article?AID=/20090108/News01/901090299/-1/XML
Excerpt
...I will do everything I can to ensure that Bear Stearns is held responsible for misleading investors." The lawsuit claims Bear Stearns, which had been one of the country's biggest investment institutions, and the individual defendants broke federal securities...
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PR Newswire
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-07-2009/0004950894&EDATE=
Excerpt
...Executive Anthony Westreich is looking to fill a 70,000 square-foot floor being vacated by former financial-services firm Bear Stearns Cos., acquired in a shotgun marriage last year by J.P. Morgan Chase & Co." We're guessing the floor is in 237 Park Avenue,...
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New York Observer
http://www.observer.com/2009/real-estate/monday-properties-looking-fill-big-bear-stearns-hole
Excerpt
...liquidity preference of investors. But each rescue measure only sets up the next disaster -- so that Paulson lurches from Bear Stearns to Fannie and Freddie to AIG, and now to a government pledge to buy up $700 billion or more of mortgage-backed securities." 700...
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Associated Content
http://www.associatedcontent.com/article/1332685/2008_in_retrospect_economic_development.html
Excerpt
...in front of these issues, it looks like the SEC was asleep at the switch." Cox was criticized for reassuring the public about Bear Stearns' capital levels just days before the investment bank's dramatic collapse and federally engineered rescue last March. The...
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Reuters
http://feedproxy.google.com/~r/Reuters/PoliticsNews/~3/0BCKR93WpoE/idUSTRE50322I20090104
Excerpt
...one day after the collapse of Bear Stearns, the market rallied on a 75-basis-point Fed rate cut and better-than-expected earnings reports from Goldman Sachs (NYSE: GS) and Lehman Brothers (OTC: LEHMQ). The clear focus was on the much-anticipated Fed cut that...
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Blogging Stocks
http://www.bloggingstocks.com/2009/01/03/10-craziest-days-on-wall-street-in-2008-9-the-day-after-bear/
Excerpt
...- Shoppers won't be picking up ornate lamps from the Bombay Co. in the coming year. Or investing with Lehman Brothers and Bear Stearns. No flying to Hawaii on Aloha Airlines, either. All those names vanished this past year, victims of the economy, the financial...
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Boston Globe
http://www.boston.com/business/articles/2009/01/02/2008_was_the_year_of_disappearing_brands?rss_id=Boston.com+--+Top+business+news
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