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Bernanke: Fed will make profit on bailout

CNN Money - Mon Dec 7, 1:10 pm ET

Federal Reserve chairman Ben Bernanke said Monday he's confident the Federal Reserve will make money on the trillions it has pumped into the economy since the start of 2008.

News Stories

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Los Angeles International Airport Guide
USA Today - Mon Dec 7, 10:45 am ET
How to navigate Los Angeles International Airport Guide like a local.
GM officials to discuss investment in Mich. plant
AP via Yahoo! News - Mon Dec 7, 10:28 am ET
General Motors Co. officials plan to talk about their investment in a Michigan plant that will build its new rechargeable electric car due in showrooms next year.
Bernanke Sees ‘Formidable Headwinds’ for U.S. Economy (Update3)
Bloomberg - 1 hour 21 minutes ago
Dec. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. economy faces “formidable headwinds,” including a weak labor market and tight credit that are likely to produce a “moderate” pace of expansion.
Dubai government ring-fences key assets, shares tumble
Reuters via Yahoo! News - Mon Dec 7, 9:29 am ET
Dubai ring-fenced prized assets such as Emirates airline from the $26 billion debt restructuring of Dubai World, denting fragile investor sentiment and raising questions on slated assets.
Virgin Galactic to unveil commercial spaceship
AP via Yahoo! News - Mon Dec 7, 9:16 am ET
After five years of secret construction, the cloak is coming off a privately funded spacecraft designed to fly well-heeled tourists into space.
Dubai World prepares to sell overseas assets
CNN - Mon Dec 7, 9:13 am ET
Dubai, United Arab Emirates (FT) -- Dubai World may be forced to sell overseas assets as part of its restructuring process, a top Dubai finance official conceded on Monday, but he said the government would not divest businesses to support the holding company.
Bernanke Sees Weak Jobs, Tight Credit
BusinessWeek - 2 hours 37 minutes ago
The Fed chief says the central bank has the tools to keep price increases in check, and that inflation could keep subsiding
NorthStar Healthcare Investors plans $200M IPO
AP via Yahoo! News - Mon Dec 7, 9:09 am ET
NorthStar Healthcare Investors Inc., which owns and runs assisted living facilities, on Monday filed for a $200 million initial public offering.
An Elegant Home Away From Home for Republicans in Albany
New York Times - Mon Dec 7, 9:01 am ET
Republicans may find their status diminished in the capital these days, but at a restored brick mansion near the Capitol, the good life never stopped.
Ken Follett novel shot in Hungary
AP via Yahoo! News - Mon Dec 7, 8:47 am ET
Ken Follett made his name writing spy thrillers like "Eye of the Needle." But the book that has won him the most critical, and eventually popular, acclaim is a nearly 1,000-page novel about the construction of an English cathedral in the 12th century.
Scientists, lawyers mull effects of home robots
USA Today - Mon Dec 7, 7:53 am ET
Eric Horvitz illustrates the potential dilemmas of living with robots by telling the story of how he once got stuck in an elevator at Stanford Hospital with a droid the size of a washing machine.
Treasury Auctions Set for This Week
New York Times - Mon Dec 7, 7:50 am ET
The Treasury’s schedule of financing this week includes Monday’s regular weekly auction of new three- and six-month bills and an auction of four-week bills on Tuesday.
China's leaders vow to keep stimulus, easy credit
AP via Yahoo! News - Mon Dec 7, 7:43 am ET
China's leaders vowed Monday to keep economic stimulus and easy credit policies in place, while also improving the quality of the country's often chaotic economic growth.
Walnut Village Receives 2009 SAGE 'Project of the Year' Award From National Association of Home Builders' 50+ Housing ...
Marketwire via Yahoo! Finance - Mon Dec 7, 1:21 pm ET
BURBANK, CA--(Marketwire - 12/07/09) - Walnut Village , a new, full-service retirement community in Anaheim, Calif., received a 2009 SAGE Award in the inaugural "On the Boards" Project of the Year category from the 50+ Housing Council, a special interest council of the Building Industry Association of Southern California. Retirement communities were nominated for the award and judged on the ...
Government official: Dubai World may sell assets
AP via Yahoo! News - Mon Dec 7, 7:12 am ET
Dubai World, the indebted conglomerate at the heart of this sheikdom's credit problems, may sell off assets it acquired during a multiyear building and buying spree to raise cash, according to a senior government official.