Live Nation Ticketmaster merger faces antitrust concerns
Los Angeles report notes Live Nation and Ticketmaster confirming merger plans. Barry Diller states prices are set by artists, aiming to quell fears of higher ticket costs as regulatory scrutiny heats up. New York summaries follow on GM job cuts and China auto sales versus U.S. declines.
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Ticketmaster Entertainment Inc
Ticketmaster
Barry Diller
Live Nation Entertainment
Live Nation
New York
General Motors Corp
U.S
China
Tom Wilkinson
China Association of Automobile Manufacturers
Stimulus Bill Punishes Executives for Bigger Bonuses
The Senate approved an $838 billion economic stimulus bill that would require financial institutions that received federal bailout funds to compensate taxpayers. An amendment targets bonuses above $100,000 paid to executives after government rescue funds were received last year.
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Washington, D.C
Senate
Wall Street reacts to Bailout 2.0 stumbles on details
Washington unveils the Financial Stability Plan replacing TARP as Geithner forecasts up to 2 trillion in support. Investors dash hopes as banks face unclear asset pricing and continued mortgage paper wrangles. Analysts caution that private buyers may stay away, threatening a rapid fix.
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Treasury
Timothy Geithner
James Cox
Harris Financial Group
Christopher Whalen
Institutional Risk Analytics
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