Freddie Mac CFO Found Dead, Suspected SuicideDavid Kellermann, who was appointed in late 2008 after the government takeover of the lending powerhouse, appears to have taken his own life.
Meet Herb Allison, Fannie Mae’s New CEOHe advised John McCain in his 2000 campaign and worked for Merrill Lynch for almost 30 years. But to his employees at TIAA-Cref, he was notorious for another reason.
Fannie and Freddie Get Some Good NewsThe mortgage giants have seen their largest profits in ten years. Plus, who buys a friend a $3 million apartment, and who wants a truck depot in Soho?
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Rupert Murdoch to ‘Make’ Less Money Than Last YearHe only made $27.5 million in company compensation this year. Plus, Kent Brownridge steps down from ‘Maxim,’ Damon Dash has real-estate troubles, and more, in our daily industry roundup.
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If Martha Stewart Had Only One Arm, How Would She Garden and Decoupage?Martha Stewart’s arm appeared missing in a broadcast this morning, worrying the nation. Then it came back, and we were relieved. But there’s still lots to worry about in our daily roundup of media, finance, real-estate, and law news.
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The Obamas All Over the Glossy Newsstand, Once AgainMichelle and Barack appear on the covers of ‘Ebony’ and ‘Essence.’ But Meghan McCain has an interview in ‘Glamour’! Plus the latest on Barbara Corcoran, John Thain, and the other captains of industry.
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‘Times’ to Raise Cover Price 25 CentsPlus AMI is headed for tough times, Fox News makes fun of Nas, Andrew Cuomo looks into AIG, and more, in our daily industry roundup.
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Katie Couric: ‘America Is Giving Me the Hillary Clinton Treatment’The CBS anchor identifies with the former presidential candidate. Plus, why it’s not looking good for Wall Street bonuses, or the doorman who won $5 million on a scratch ticket a couple of months ago, and more, in our daily rundown of New York media, finance, real-estate, and law news.
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Citigroup Posts $2.5 Billion LossA lot of big news at the banks today — but there’s also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.