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In one of the most dramatic days in Wall Street's history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial crisis while another prominent securities firm, Lehman Brothers, hurtled toward liquidation after it failed to find a buyer, people briefed on the deals said. ...more
September 15, 2008
Billionaire investor Warren Buffett long has been revered in the business world, but his importance at a trial involving the world's largest insurer is hotly contested. ...more
January 5, 2008
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