The News Review:
- AP source: Chrysler management changes coming
- Meru revamps WLAN management software
- Pirates feel management has abandoned ship with McLouth trade to …
- Fed signs off on big banks’ capital raising plans
- Idaho farmers sue federal agency over lost crops
AP source: Chrysler management changes coming
The Associated Press
The official says management changes will go deeper than the departure of CE Bob Nardelli and Vice Chairman Tom LaSorda. The official spoke on condition of anonymity because the changes have not been made public. The Supreme Court delayed the sale Monday. It has been approved by lower courts but three Indiana pension and construction funds have appealed.
Meru revamps WLAN management software
NetworkWorld.com
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Pirates feel management has abandoned ship with McLouth trade to …
Detroit Free Press
See instructions for fixing the problem. THE TICKERPirates feel management has abandoned ship with McLouth trade to BravesKirkland Crawford breaks down the latest news around the wide world of sports in the tickerBy Kirkland Crawford • Free Press Sports Writer• June 8 2009.
Fed signs off on big banks’ capital raising plans
MarketWatch
However behind-the-scenes executives and directors at some of these mega banks are squabbling with government regulators about a new requirement for them to show how their leadership will manage risks in the troubled economic environment. A key part of the Treasury proposal requires bank boards and executives to complete a review about whether they are the best-suited individuals to manage risks. “Supervisors also continue to work with all regulated financial institutions to review the quality of their corporate governance risk-management and capital planning processes” the Fed said in the statement. That statement follows up on a May 7 release by the Fed seeking to have the group of financial institutions take steps to “review their existing management and board in order to assure that the leadership of the firm has sufficient expertise and ability to manage the risks presented by the current economic environment. Already many of the financial institutions have taken steps to shake up their management and board after government officials including Federal Deposit Insurance Corp. Chairwoman Sheila Bair have pressed the banks to bring more individuals with commercial banking experience onto their boards. Bank of America has recently replaced several directors and one senior executive.
Related from Rizzicreations: Commentary: Auto finance is an auto industry problem
Idaho farmers sue federal agency over lost crops
The Associated Press
His corn fields stood shorter than his toddler son when they should have been stretching 12 feet high. He came to believe his land had been tainted with ust a potent herbicide that kills plants by attacking their roots and leaves. The pesticide had been spread across more than 100000 acres of nearby public land at the direction of the Bureau of Land Management which was hoping to prevent the spread of invasive weeds on land that had been scorched by wildfire. But no rains came to melt the herbicide into the soil. The wind picked up. And Van Tassell and more than 130 other farmers — stretching from Paul east to Aberdeen — claim the powdery herbicide blew across their crops leaving them with warped plants barren soil and millions of dollars of debt. Now a federal jury will decide if the federal government or herbicide maker E.