Geithner says $700B bailout program will end soon
AP - 53 minutes agoTreasury Secretary Timothy Geithner affirmed Wednesday the administration's intent to soon end the $700 billion financial bailout program.
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Treasury Secretary Timothy Geithner affirmed Wednesday the administration's intent to soon end the $700 billion financial bailout program.
WASHINGTON — Treasury Secretary Timothy Geithner is affirming the administration's intent to s...
Dec. 1 (Bloomberg) -- Carlyle Group , the world’s second- largest private-equity firm, and Hellman & Friedman LLC are seeking to take advantage of a record rally in high-yield, high- risk loans to take cash out of companies they bought last year amid the financial crisis.
Major stock indicators rose more than 1 percent Tuesday, including the Dow Jones industrial average, which jumped 126 points and traded above 10,500 for the first time since October of last year.
Dec. 1 (Bloomberg) -- Stocks rallied from Shanghai to New York and the dollar slid as Dubai World began talks to restructure less than half its debt and Chinese manufacturing grew at the fastest pace in five years. Treasury 10-year notes dropped for the first time in six days.
Wall Street spent Monday trading in a narrow range, but managed to push higher at the close.
The fall of Lehman Brothers and the current economic recession compelled former Federal Reserve Chairman, Alan Greenspan, to make a significant admission: he was wrong. Now, in the thick of the recession, the Ayn Rand view of free market economics is a bit outdated, even among staunch observers like Greenspan.
Upbeat economic data stilled fears over the Middle East nation's debt outlook.
The move seemed to indicate that its decision makers were undeterred by the recent developments in Dubai.
Dec. 1 (Bloomberg) -- Credit-default swaps on $887 million of Thomson SA debt will be paid out after the Paris-based owner of film processor Technicolor Inc.
NEW YORK (AP) — The stock market is picking up where it left off before its scare over debt problems in Dubai. Major stock indicators rose more than 1 percent Tuesday. The weakening dollar again boosted stocks, a pattern that has played out for...
Dec. 1 (Bloomberg) -- Delta Lloyd NV, the financial services company owned by insurer Aviva Plc, is holding the first public sale of bonds backed by Dutch home loans since the credit crisis started in 2007.
The settlement will resolve all outstanding contracts on the Paris-based owner of film processor Technicolor Inc. that weren’t paid out in auctions last month. More than $1 billion of Thomson swaps were then resolved as part of a restructuring event, resulting in losses for some investors.
Only a value investor could love them.
Lehman Brothers, still struggling with more than 1 million derivative transactions a year after its collapse, wants to pay up to $50 million in bonuses to reward employees unwinding the deals.
Major stock indicators rose more than 1 percent yesterday, including the Dow Jones industrial average, which jumped 126 points and traded above 10,500 for the first time since October of last year. The weakening dollar again boosted stocks, a pattern...