Word: banke
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...Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to elect a new chairman, Walter E. Massey, a college president who has been on the firm's board for so long that he is as responsible for the bank's trouble as anyone else involved in the company's governance...
Despite some brief humiliation, Lewis got the one things he wanted: he still runs Bank of America and has a rubber-stamp board that supports...
...tried to excuse the mistake of buying Merrill Lynch by saying that the government forced him to close the transaction. As the sitting head of a public company he should not have agreed to the request if he believed it was not in the best interests of the bank...
...Which was more likely, they asked - that "Linda is a bank teller" or that "Linda is a bank teller and is active in the feminist movement." Overwhelmingly, subjects chose the second answer, even though simple logic shows that each additional fact makes the answer less likely to be true...
...Half of the land-borne U.S.-Mexico trade comes through Laredo," says Keith R. Phillips, a senior economist with the Federal Reserve Bank of Dallas. Much of it heads north along Interstate Highway 35, through Austin, Dallas and on through the heartland. And it's not only the land ports along the border that are conduits for trade and travelers, Phillips points out. The Port of Houston has been one of the fastest-growing ports in the country, with a significant amount of trade from Mexico, and trade also flows into inland ports like Fort Worth's Alliance Texas Logistics...