Banknorth chief offers defense of sale plan
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As criticism mounted yesterday over Banknorth Group's pending deal with a Canadian bank, chief executive William J. Ryan defended his decision to sell a majority stake in New England's largest independent bank, saying it is in the shareholders' best interest.
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The chairman of the Securities and Exchange Commission yesterday defended the agency's record in pursuing corporate misconduct, rebuffing accusations that it may be tilting toward business interests.
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Bruce Wasserstein, head of Lazard, could sell the investment bank rather than float it on the stock market, the Observer newspaper has reported.
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Bank of America Corp. chief executive Kenneth D. Lewis reaffirmed his bank's commitment to New England yesterday in a round of meetings in Boston with state and city officials, but he still declined to specify how many Massachusetts jobs the bank will cut as a result of its $48 billion acquisition of FleetBoston Financial Corp.
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The nation's chief communications regulator on Thursday defended a public statement in which he said he wouldn't enforce some conditions imposed on AT&amp;T Corp. as a condition of approving its buyout of BellSouth Corp.
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General Growth Properties Inc. yesterday defended its plan to purchase the Rouse Co. for $7.2 billion in cash during its first public discussion with analysts since the sale was announced in August.
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Treasury Secretary Henry Paulson will use a speech Monday to defend the Bush Administration's plan to "freeze" mortgage rates for some subprime borrowers and also to call on Congress to pass legislation to head off a housing crisis.
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MUMBAI, Dec. 27. - Mr Anil Ambaniâs opposition to the buy-back proposal was reiterated at the RIL board meeting here today. Before entering the board room he quoted a Chinese philosopher: âObjective
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Strong sales forecast, says financial officer at investment event.
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Bank of America Corp. chief executive Kenneth D. Lewis, under pressure to explain recent job cuts made following the bank's $48 billion acquisition of FleetBoston Financial Corp. , yesterday said he will move one of the bank's four main divisions to Boston.
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Chancellor Alistair Darling outlines details of a funding plan that could help a private sale of Northern Rock.
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Description: Top Fannie Mae executives defend the company&#39;s accounting practices in Congress. CEO Franklin Raines denied allegations the company had manipulated its books, telling lawmakers the controversy
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Embattled mortgage bank Northern Rock  faces a crucial shareholder meeting on Tuesday that could restrict its ability to sell assets and issue shares as possible nationalization looms.
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A senior US lawmaker calls on the Federal Reserve to protect US house buyers against unfair home loans.
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Banknorth Group , New England's largest independent bank, said this week it is interested in putting its name on the FleetCenter.
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Nasdaq Stock Market Inc.'s   chief executive told investors on Friday that expanding  overseas could make sense, but refused to comment on questions  about its strategy toward the London Stock Exchange .
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Discussions are taking place to secure a private sale of Northern Rock, Gordon Brown confirms.