Word: wednesday
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
This December, Lewis will be out of a job. On Wednesday, he sent an e-mail to the bank's staffers saying he will retire by the end of the year. Lewis, 62, said it was his decision to leave, but no one could miss the huge legal dustup swirling around him over the bank's deal late last year to buy Merrill Lynch. The Securities and Exchange Commission (SEC) and New York attorney general Andrew Cuomo have been investigating whether Lewis misled shareholders to gain approval of that acquisition. He could soon face charges in those probes...
...letter on Wednesday to Bank of America employees, Lewis wrote, "Some will suggest that I am leaving under pressure or because of questions regarding the Merrill deal. I will simply say that this was my decision, and mine alone." It is also abrupt. Just months ago, Lewis told Congress he intended to stay on as head of Bank of America until all the assistance it had gotten from the government to survive the financial crisis had been repaid. It seems unlikely that Bank of America will be able to pay back the government $45 billion anytime soon...
...unveiling on Wednesday morning of the Senate's long-awaited draft legislation to reduce U.S. carbon emissions and shift the country to a clean-energy economy signals that Washington is inching ever closer to addressing global warming. The sweeping bill, sponsored by Democratic Senators Barbara Boxer and John Kerry, will cut U.S. greenhouse-gas emissions 20% below 1990 levels by 2020, and 83% by 2050 - targets that in the short term are a bit more ambitious than a similar carbon cap-and-trade bill passed by the House two months ago. "This is the beginning of one of the most...
...absence of congressional action, the President does have other options. The Environmental Protection Agency (EPA) on Wednesday announced a proposed rule that would regulate carbon emissions from large emitters - primarily power plants - that emit 25,000 tons of greenhouse gases or more. The rule is the latest step in the EPA's response to a 2007 Supreme Court case that classified carbon dioxide and other greenhouse gases as pollutants that required EPA regulation under the Clean Air Act. The proposed rule will oblige those large emitters to get permits that demonstrate they are using the best available technology for controlling...
...Wednesday, in an attempt to defuse Kenyan and U.S. anger, the much-criticized chief of the Kenyan Anti-Corruption Commission resigned. (Outrage had followed Kibaki's decision to reappoint Aaron Ringera earlier this month despite his failure to confront corruption.) Though Ringera's resignation was considered a good sign, the Kenyan government's primary response to the letters was to accuse Obama of a breach of protocol for writing to the 15 officials directly rather than to Kibaki. Instead of acknowledging the slow pace of reform, Foreign Minister Moses Wetangula suggested that actions like the U.S.'s could "precipitate...