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By Ignoring the Treasury Secretary’s Advice, Did WaMu Make the Worst Possible Deal for Itself?

Money Morning (November 10th, 2008) Writes:
.S. Treasury Secretary Henry M. “Hank” Paulson Jr. warned former Washington Mutual Inc. (OTC: WAMUQ) Chief Executive Officer Kerry Killinger to sell the thrift to JPMorgan Chase & Co. (JPM) two months before WaMu failed, both The Seattle Times and Bloomberg News reported. According to the published reports, Paulson telephoned Killinger and told him that “you should have sold to JPMorgan Chase in the spring, and you should do so now. Things could get a lot more difficult for you.” The Times report quoted a WaMu executive who was familiar with the incident, but didn’t disclose the source’s name. Sign up below… and we’ll send you a new investment report for free: “Credit ...

Boeing (BA) Shares Soar as Striking Machinists go to End Walkout

Contrarian Profits (October 29th, 2008) Writes:

The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday.

Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down 50% from their 12-month high of $98.71 and are down 45% for the year.

It was the longest strike in 13 years: The union walked out for 28 days in 2005 and 69 days in 1995.

Both sides claimed victory this time around.The union said that it “won the battle and made some significant gains,” while Boeing claimed it had “retained the flexibility necessary” to manage its business, Reuters reported.

Saturday will be the 57th day of the walkout by unionized machinist workers, who have shut down Boeing’s commercial-jetliner-assembly business since they left their jobs on Sept. 6., in a dispute over contract

...

Striking Machinists to Vote Saturday on Deal To End Boeing Walkout – Shares Soar

Money Morning (October 29th, 2008) Writes:
The International Association of Machinists and Aerospace Workers Union will vote this Saturday on whether to end its two-month strike against The Boeing Co. (BA). A tentative agreement to end the strike was reached Monday. Boeing’s shares soared $6.55 each, or 15.5%, to close at $48.91. They are still down 50% from their 12-month high of $98.71 and are down 45% for the year. It was the longest strike in 13 years: The union walked out for 28 days in 2005 and 69 days in 1995. Both sides claimed victory this time around. Sign up below… and we’ll send you a new investment report for free: “Credit Crisis Report.” ...

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