Levinsohn might just be steering the Internet company with some competence.
The bank's loss could total as much as $9 billion, and the media company's board approved its planned split.
Retailers are downgraded at Citigroup, and News Corp. is upgraded to 'buy.'
The electronics retailers is reportedly a buyout candidate, and the media company will decide about splitting into 2.
Stocks climb slightly as reports show that home prices rose in many U.S. cities, but consumer confidence fell.
The media company is reportedly considering splitting into two companies, and the social giant named another board member.
Why? Movies, TV and cable generate most of the company's income. The publishing business, which includes The Wall Street Journal, isn't growing nearly as quickly.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.