Investing

Today's Best Market Rumors (12/29/2009)

Updated throughout the day.

A “meltdown” is coming for the bond market (CNBC)

GM will try to sell down its inventories of Pontiacs and Saturns by offering huge incentives (WSJ)

Home prices dropped in October compared with the same month last year  (AP)

JP Morgan Chase (NYSE:JPM) CEO Jamie Dimon called UK finance minister Darling to express concern about the 50% tax that the government is putting on banker bonuses. (London Telegraph)

JP Morgan may not put its UK headquarters in London (FT)

The general counsel of AIG (NYSE:AIG) general counsel will make millions of dollars upon leaving the firm  (WSJ)

Bank of America’s (NYSE:BAC) CEO faces huge problems in the credit card division of the financial company  (WSJ)

JAL is pressing retirees to avoid a Chapter 11.  (WSJ)

Douglas A. McIntyre

 

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