Financial newsworthy stories of 2006

December 29, 2006 at 2:38 pm Leave a comment

The year was full of memorable events, from buyouts, to mergers, to doing time. Here are the year’s most newsworthy events:

  1. Google buys YouTube for $1.65 billion
  2. Patricia Dunn, former Hewlett-Packard chairman, is forced to resign after facing charges for pretexting (using deception or lies to access personal information not available to the public)
  3. Alan Greenspan steps down as chairman of the Federal Reserve Board on January 31st after 18 years
  4. Andrew Fastow, former Enron chief financial officer, is sentenced to 6 years in prison
  5. Gas prices soared to “Jimmy Carter era” heights
  6. General Motors and Delphi offer 51,100 employees early retirement or buyout (35,000 GM, 47,600 Delphi)
  7. Kellogg, maker of Corn Flakes, celebrates 100 years
  8. Kenneth Lay, former Enron chief executive officer, dies on July 5th while awaiting sentencing after being found guilty of conspiracy and fraud
  9. The Airbus 380 went into service on December 12th (inaugural flight was on May 18)
  10. Real estate bubble burst
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Entry filed under: Money Fun, Off Topic.

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