Freddie Mac executive faced pressure, oversight and long hours before decision to end his lifeMcLEAN, Va. — By last fall, the heady days for mortgage giant Freddie Mac were over, and what was left for executives like David Kellermann were stressful days and long nights of picking up the pieces under the sharp scrutiny of regulators. NFL DRAFT: ‘All those massive critics shut up’ _ ESPN, hyper Kiper reach silver anniversaryBALTIMORE — For a guy who makes a living critiquing others — created a cottage industry out of it, even — Mel Kiper Jr. sounds a little thin-skinned when it comes to how others perceived him way back when. China aluminum firm aims to raise $1.6 billion from Hong Kong initial public offeringHONG KONG — China Zhongwang Holdings, a manufacturer of aluminum products, said Thursday it is seeking to raise as much as $1.6 billion in one of the biggest initial public offerings so far this year. Sanchez on Redskins’ radar as latest quarterback-of-future, but he carries huge price tagASHBURN, Va. — Dan Snyder has selected seven quarterbacks in his nine drafts as the owner of the Washington Redskins. A look at economic developments and activity in stock markets around the world Wednesday
A look at economic developments around the globe THE INFLUENCE GAME: Insurance industry sees financial overhaul as chance for long-sought rulesWASHINGTON — Large insurers are lobbying Congress to free them from a web of state rules by adding a new federal insurance regulator and letting the companies choose which rules to obey. AIG puts property & casualty business AIU Holdings into special purpose vehicle ahead of saleNEW YORK — American International Group Inc. said Tuesday it is moving toward selling off a minority stake in property and casualty insurance business AIU Holdings. Member of Giants’ 1986 Super Bowl team convicted of theft in sale of MercedesELIZABETH, N.J. — A man who played on the New York Giants’ 1986 Super Bowl championship team was convicted Tuesday of theft in the sale of a Mercedes-Benz. Broadcom launches hostile $764 million bid for Emulex; 1Q earnings miss StreetIRVINE, Calif. — Chip designer Broadcom Corp. is launching a $764 million hostile takeover offer for network gear maker Emulex Corp. Broadcom said Tuesday the deal would help it develop new technologies for corporate data centers. Chesapeake CEO McClendon gets 2008 pay package valued at $112.5M, including $75M awardNEW YORK — Aubrey McClendon, the CEO of Chesapeake Energy Corp. who was forced to sell almost all his equity holdings in the company in October to cover a margin loan call, was given a huge incentive award at the end of 2008 that boosted his total compensation for the year to $112.5 million, according to an Associated Press analysis of data filed with regulators. That’s more than four times higher than his pay package a year earlier. Lockheed Martin CFO says company willing to accept Pentagon plans to cap F-22 fighter jetsWASHINGTON — A top executive at Lockheed Martin Corp. indicated Tuesday that it has accepted the Pentagon’s proposal to cap production of the defense contractor’s F-22 fighter jet, the latest sign the job-heavy program may not be revived. Audiences go back to school with Zac Efron as ‘17 Again’ opens at No. 1 with $24.1 millionLOS ANGELES — Zac Efron has taken the box-office crown from his Disney teammate Miley Cyrus. |
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