Declarations – Southeast

Saving Face

“Our expectation is that every firm will receive some measure of cash and that every firm will receive their full accommodation by year end if current trading patterns persist.”

—Nasdaq’s Eric Noll explaining his firm’s $40 million offer to compensate clients affected by the problems with Facebook Inc.’s initial public offering.

About Face

“This is tantamount to forcing the industry to subsidize Nasdaq’s missteps and would establish a harmful precedent that could have far reaching implications for the markets, investors and the public interest.”

—NYSE Euronext, Nasdaq’s main competitor, in a complaint about Nasdaq’s $40 million settlement offer.

Cuba View

“Our view is it is illegal.”

—Raoul Cantero, lawyer representing Odebrecht, the Brazilian company challenging a recently signed Florida law barring local governments from hiring companies that do business in Cuba or Syria.

Rebound Rebranding

“We are considering being just AIG, being proud of what we’ve accomplished.”

—AIG CEO Robert Benmosche saying that Chartis may readopt the AIG brand name in coming years as the bailed-out insurer continues to repay the government while improving its finances and the AIG brand.

Tech Backups

“When you evacuate, did you remember to bring that charger, and is there going to be a place to plug that in? What’s your back up plan?”

—FEMA Director Craig Fugate reminding people in hurricane areas they should have a backup tech plan because Internet and cell phone connections are likely to go out in a storm.

Topics AIG