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Tagged: Louis Gerstner

One Year Older

136809

Happy Birthday | Chelsea Clinton is celebrating her 29th birthday today. Elizabeth Taylor is turning 77. Josh Groban is 28. Ralph Nader is 75. Joanne Woodward, the Oscar-winning actress and widow of Paul Newman, turns 79. Actor Noah Emmerich is turning 44. Lynyrd Skynyrd's Johnny Van Zant is 50. Rozonda Thomas (or Chilli) from TLC is 38. And the head of the 92nd St. Y, Sol Adler, turns 55. Weekend birthdays—including Olivia Palermo's big day—after the jump. More

Finance

Street Talk

  • Lehman Brothers' Dick Fuld was near a deal to raise $5 billion from South Korean investors, but negotiations broke down earlier this month. [NYP]
  • Steve Feinberg's Cerberus has outlined how it plans to revive Chrysler. [NYT]
  • Fannie Mae and Freddie Mac may need to raise as much as $100 billion in order to cover losses. [NYP]
  • Barclays Capital might be interested in buying a wealth management company in the U.S.. [Dealbook]
  • Kirk Kerkorian might be interested in reacquiring MGM for as much as $3 billion. [THR]
  • Rupert Murdoch made $27.5 million last year; Roger Ailes collected $20 million during the same period. [Bloomberg, SAI]
  • The Daily News is laying off staff. [NYP]
  • Wall Street analysts are concerned about both Limited and the Gap. [WSJ]
  • Clear, Steve Brill's airport screening company, has raised $44.4 million in financing from a consortium of investors. [VentureBeat]
  • Louis Gerstner, the former chief of IBM, is stepping down as the chairman of the Carlyle Group at the end of September. [NYT]