One of Facebook Inc (NASDAQ:FB) highest profile executives has left the company today according to a report from Allthingsd.com. The executive, Bret Taylor Facebook’s Chief Technology Officer, left the company in order to pursue future – a future start up. The nature of that start up was not revealed in the report. The move will probably not be well received by investors in the social networking company. The departure of one of the company’s...
Read More »
The Maiden Lane Auctions have closed today with some o the largest banks in America winning parts of the Assets once owned by Bearn Sterns and AIG. The biggest winners of the day were Citigroup Inc. (NYSE:C), and Merril Lynch, the investment arm of Bank of America (NYSE:BAC). The news was reported by Reuters today. Citigroup’s purchases were worth $1.44 billion. The assets on sale were Residential Mortgage Backed Securities Centralized Debt Obligations. It...
Read More »
