D.E. Shaw

DALLAS--(BUSINESS WIRE)-- Greatwide Logistics Services, a national provider of non-asset-based transportation and third-party logistics services, today announced that it has obtained final approval of its $73.6 million financing facility. The company previously received interim approval on October 22, 2008. The financing, coupled with the cash generated from Greatwide's daily operations, is more than adequate to meet the daily operating needs of the business and provides additional operational and financial stability as Greatwide proceeds with its financial restructuring and proposed sale. Raymond B. Greer, President and ...

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NEW YORK--(BUSINESS WIRE)-- Today President-elect Barack Obama announced his intention to name Lawrence H. Summers as Assistant to the President for Economic Policy and Director of the National Economic Council. Following the announcement, Dr. Summers noted that he will be stepping down from his part-time role at the D. E. Shaw group. "As citizens, we're delighted that President-elect Barack Obama has selected Larry Summers to head the National Economic Council," said Max Stone, a managing director ...

Is Naming Controversial Clintonite Larry Summers To Head The National Economic Council Obama's Idea Of Change? AS A FORMER CLINTON OFFICIAL WITH WALL STREET TIES, SUMMERS ISN'T "CHANGE WE CAN BELIEVE IN" WASHINGTON, Nov. 24 /PRNewswire-USNewswire/ -- The following was issued today by the Republican National Committee: (Logo: http://www.newscom.com/cgi-bin/prnh/20080519/RNCLOGO) Selecting Summers For The Obama Administration Is At Odds With Obama's "Change" Theme: "Mr. Summers's Ties To The Clinton Administration Are At Odds With Mr. Obama's 'Change' Theme." (Deborah Solomon and Michael M. Phillips, "The Obama Transition: Summers And Geithner, Two Contenders For Treasury Job, Have Close Career Ties," The Wall Street Journal, 11/8/08) Summers Is A Managing Director Of A Hedge Fund With Ties To Lehman Brothers: "[Summers] Is A Managing Director Of A Hedge Fund, D.E. Shaw Group, At A Time Of Distrust Of Wall Street."(Deborah Solomon and Michael M. Phillips, "The Obama Transition: Summers And Geithner, Two Contenders For Treasury Job, Have Close Career Ties ...

CHICAGO, Nov. 19 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it has named Michael O'Connell as Managing Director, Clearing Business Development. O'Connell will be responsible for developing CME Clearing products and services. He will report to Kim Taylor, Managing Director and President, CME Clearing. "Michael's deep knowledge of financial markets will be a tremendous asset to CME Group as we work to extend our centralized clearing capability and the safety and soundness we deliver to the global marketplace," said Kim Taylor, Managing Director and President, CME Clearing. "CME Clearing leads the industry in providing customers with the security they need to operate in today's challenging market ...