IBM to buy Wilshire Credit's operating assets (AP)
tech.yahoo.com 10/6/2009 — AP - IBM Corp. says that its mortgage servicing subsidiary signed an agreement with Bank of America Corp. to buy the main operating assets of Wilshire Credit Corp.

Judge Gives Final Approval to $586M IPO Securities Litigation Settlement
securitiesdocket.com 10/6/2009 — In an order made public today, U.S. District Judge Shira A. Scheindlin (SDNY) approved the $586 million settlement of the IPO Securities Litigation. The settlement, previously discussed here , resolved 309 cases. Dow Jones Newswires reports that the settling underwriters included more than ...

Today’s Best Market Rumors (10/6/2009) (GOOG)(AIG)(BAC)(AAPL)
247wallst.com 10/6/2009 — Updates throughout the day. Kaufman industry sources say BMC, Citrix (CTXS), VMware (VMW), Symantec (SYMC), and CA (CA) are potentia tech buy-out targets. (Briefing.com) Yahoo! (YHOO) might sell Zimbra, Hot Jobs, and Yahoo! Small Business. ...

BofA’s Best Execs Already Call the Shots
thebigmoney.com 10/6/2009 — The succession race at Bank of America (BAC) is the corporate spectacle of the year. By now everyone knows departing CEO Ken Lewis has left no  clear heirs . But so far, the speculators have buzzed about a group of brand-new executives and ...

Pay Czar Said to Plan Salary Cuts at Bailed-Out Firms
dealbook.blogs.nytimes.com 10/6/2009 — The Obama administration's pay czar, Kenneth R. Feinberg, plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, The Wall Street Journal reported.

Managing banks: It wasn't me — The Economist: Full print edition 10/8/2009
Spare a thought for departing bank bosses. They were mostly useless, not venal SOME view history as just the biography of great and of villainous men. By this account bank bosses are to blame for the great crash of 2008. Most have now been booed ...