Financial Crisis

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I’ll fly away: Lehman sells off its last Gulfstream jet
eFinancial News - Wed Nov 25, 7:17 pm ET
Lawrence McDonald, the former Lehman Brothers trader, booked the ideal venue to deliver a talk on his bestselling book about the collapse of the investment bank – The Museum of American Finance, on Wall Street, which also has an exhibit on the credit crisis.
(AFX UK Focus) 2009-11-25 23:44 Seoul shares may rise;eyes on Hynix, Samsung Elec
Interactive Investor - Wed Nov 25, 6:57 pm ET
SEOUL, Nov 26 (Reuters) - Seoul shares are set to open higher on Thursday after gains overnight on Wall Street, but rises may be limited amid caution about the economic outlook and following weaker South Korean business sentiment data.
(AFX UK Focus) 2009-11-25 22:37 GE chief Immelt in Paris for Vivendi talks-WSJ
Interactive Investor - Wed Nov 25, 6:12 pm ET
NEW YORK, Nov 25 (Reuters) - General Electric Co Chief Executive Officer Jeffrey Immelt was in Paris on Wednesday in an effort to speed up talks to buy Vivendi SA's stake in NBC Universal, the Wall Street Journal reported. GE is negotiating to buy Vivendi's 20 percent stake in NBC Universal, with the aim of then selling a controlling interest in the media company to Comcast, sources have said ...
(AFX UK Focus) 2009-11-25 22:50 Caisse completes $5 bln offering in refinancing
Interactive Investor - Wed Nov 25, 6:12 pm ET
TORONTO, Nov 25 (Reuters) - Caisse de depot et placement du Quebec, one of Canada's biggest pension funds, said on Wednesday it had completed a $5 billion global debt offering as part of a refinancing program aimed at fortifying balance sheets decimated by the global financial crisis. The Caisse said in a statement that the debt offering through its CDP Financial subsidiary was the largest-ever ...
(AFX UK Focus) 2009-11-25 22:07 UPDATE 1-US judge orders $3.5 bln Reserve Fund distribution
Interactive Investor - Wed Nov 25, 5:43 pm ET
NEW YORK, Nov 25 (Reuters) - The estimated $3.5 billion remaining assets of the Reserve Primary Fund should be distributed on a pro-rated basis to shareholders, a U.S. judge ruled on Wednesday in lawsuits brought over the fund's value dropping below $1 a share in the financial crisis. Manhattan Federal Court Judge Paul Gardephe said he would order the appointment of a magistrate judge to oversee ...
(AFX UK Focus) 2009-11-25 22:37 GE chief Immelt in Paris for Vivendi talks-WSJ
Interactive Investor - Wed Nov 25, 5:41 pm ET
NEW YORK, Nov 25 (Reuters) - General Electric Co Chief Executive Officer Jeffrey Immelt was in Paris on Wednesday in an effort to speed up talks to buy Vivendi SA's stake in NBC Universal, the Wall Street Journal reported. GE is negotiating to buy Vivendi's 20 percent stake in NBC Universal, with the aim of then selling a controlling interest in the media company to Comcast, sources have said ...
Risk of default soars for Dubai World
The Forex Market - Wed Nov 25, 6:23 pm ET
These are not the sort of headlines to inspire confidence in our newer better credit markets. This report from Bloomberg looks at Dubai World's $59 billion worth of liabilities.
PNG busy traffic for Aust trade | The National
The National - Wed Nov 25, 6:31 pm ET
ONE of Australia’s senior economists, Tim Harcourt, discovered recently that PNG was a busy traffic for Australian businesses. Some use it as a staging point for the Pacific and PNG was able to absorb the global financial crisis (GFC), he said.
Iran seizes rights lawyer's Nobel Peace medal
AP via Yahoo! News - 17 minutes ago
Iranian authorities have confiscated Nobel Peace laureate Shirin Ebadi's medal, the human rights lawyer said Thursday, in a sign of the increasingly drastic steps Tehran is taking against any dissent.
Report: Iverson set to retire
USA Today - 32 minutes ago
Commentator Stephen A. Smith published a statement on his website on Wednesday attributed to Iverson. It said Iverson plans to retire but also that "I feel strongly that I can still compete at the highest level."
Car insurance scofflaws raise health mandate doubt
Washington Post - 1 hour 0 minutes ago
DENVER -- Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it. Critics of President Barack Obama's health overhaul plan ask: What are the chances scofflaws will treat a requirement to carry health insurance any differently?
Car insurance scofflaws raise health mandate doubt
AP via Yahoo! News - 1 hour 0 minutes ago
Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it. Critics of President Barack Obama's health overhaul plan ask: What are the chances scofflaws will treat a requirement to carry health insurance any differently?
US-BUSINESS Summary
Washington Post - 1 hour 15 minutes ago
Dubai debt difficulties hammer stocks LONDON (Reuters) - Debt problems in Dubai struck financial markets hard on Thursday, sinking global stocks, lifting safe-haven bonds and driving the dollar higher. Gold climbed to a new record high but fell back as the dollar rose. European shares had their...
Experience snow, all expenses included
USA Today - 1 hour 30 minutes ago
Warm-weather denizens from as far as Singapore and Thailand are vying for a chance to spend up to three all-expenses-paid months in Colorado.
Come on in:The water's fine
USA Today - 1 hour 31 minutes ago
Caribbean resorts are baiting the hook with deals to reel in visitors. Availability varies and taxes may be extra. Here's a sampling.