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814 Business News - General Resources Aflac Aflac Profit Jumps 20%, Boosted By Stronger Yen Aflac Inc. on Wednesday reported a first-quarter profit of $569 million, or $1.22 a share, up from $474 million, or 98 cents a share, a year ago. Total revenue rose to $4.8 billion from $4.3 billion thanks in part to beneficial dollar/yen exchange rate. Open Open Tab April 29, 2009 Provides Information AIG Treasury Considered Letting AIG File for Bankruptcy In late January and early February, government officials considered allowing AIG to file for bankruptcy as they struggled with whether to provide additional support for the failed insurance giant, according to documents obtained by FOX Business. Open Open Tab June 26, 2009 Provides Information AIG says former top exec plundered retirement plan The former top executive of American International Group Inc. plundered an AIG retirement program of billions of dollars because he was angry at being forced out of the company, a lawyer for AIG told jurors Monday at the start of a civil trial. Open Open Tab June 15, 2009 Provides Information Temasek, Li May Join AIG Investment Bid Temasek Holdings Pte. Ltd. of Singapore and Richard Li's Pacific Century Group may join a group led by Franklin Resources Inc.'s Franklin Templeton Investments unit to buy American International Group Inc.'s Investments unit, The Wall Street Journal reported Tuesday on its Web site, citing people familiar with the matter. Open Open Tab June 2, 2009 Provides Information AIG Launches IPO Process for Asian Crown Jewel American International Group announced Sunday it was speeding up plans to spin off Asian subsidiary American International Assurance Company, and would seek a public listing for AIA on an Asian stock exchange.     May 18, 2009 Provides Information AIG Is Just Trying to Pay Back the Taxpayer, CEO Says American International Group is now simply trying to pay back the taxpayer after its massive bailout, CEO Edward Liddy said -- and while he said there could be more problems ahead if the economy continues to deteriorate, he feels there’s a good chance the company can pay everything back. Open Open Tab May 16, 2009 Provides Information AIG CEO: Insurance Giant Remains Toxic After $180B Bailout AIG CEO Edward Liddy said the crippled firm is selling many of its foreign assets to repay U.S. taxpayers, but lawmakers questioned whether the plan makes sense. Open Open Tab May 13, 2009 Provides Information AIG Reports $1.98 a Share Loss In First Quarter American International Group late Thursday reported a first-quarter net loss of $4.35 billion, or $1.98 a share, narrowing from a net loss of $7.81 billion, or $3.09 a share, in the same quarter last year. Open Open Tab May 7, 2009 Provides Information AIG Expects $5 Bln First-quarter Loss American International Group is expected to report a net loss of about $5 billion in the first quarter, the Wall Street Journal reported on its web site Wednesday. Open Open Tab May 6, 2009 Provides Information AIG's 2008 Bonus Total Nearly Quadruples to $454 Million in Latest Revision AIG now says it doled out more than $454 million in bonuses to its employees for work performed in 2008, an increase from the $120 million it claimed to have paid out in March. Open Open Tab May 5, 2009 Provides Information AIG Names Matthew Winter Vice Chairman   Open Open Tab April 25, 2009 Provides Information Treasury Gives Nearly $30B More to AIG Rescue Plan The Treasury Department also says it added Bank of America Corp. and Countrywide Home Loans Servicing to its mortgage relief program. Open Open Tab April 21, 2009 Provides Information We Must Prevent Another AIG America in the late 1800s was faced with a new and menacing challenge to its financial well-being. We needed at that time, new laws to stop and prevent a single company from owning or controlling all or nearly all of the market of a product or service, thereby creating a monopoly. Open Open Tab April 6, 2009 Provides Information Former AIG CEO Assails Successors, Bailout In his first testimony since the government stepped in with the first of four bailouts for AIG, Maurice "Hank" Greenberg told the House Oversight and Government Reform Committee Thursday that his leadership team had "nothing to do" with failures that so far have cost taxpayers more than $182 billion. Open Open Tab April 2, 2009 Provides Information Former AIG CEO criticizes successors, bailout The man who built insurance giant American International Group Inc. from a startup to a global behemoth said he didn't mismanage the company — but the government did. Open Open Tab April 2, 2009 Provides Information Airlines 800 BA workers set to work unpaid British Airways has said 800 workers have volunteered to work for nothing for up to a month, following the airline's request to cut costs. Open Open Tab June 25, 2009 Provides Information 787 Dreamliner's First Flight Delayed Yet Again Structural reinforcement for a side-of-body panel is the latest hold-up Open Open Tab June 23, 2009 Provides Information Foreign Carriers Lead Airline Sector Lower Brazilian airlines Gol Linhas Aereas and Tam SA along with Ireland's Ryanair all saw their shares drop about 5% early Monday, following the broader market into the red even as oil prices dipped. The NYSE Arca Index lost 3.3% to 16.76 points with all 13 components moving lower. Open Open Tab June 22, 2009 Provides Information Boeing Sells Two 737-800 Jets For $153 Million Boeing Co. said Wednesday it has finalized an order with MC Aviation Partners for two next-generation 737-800 jetliners for about $153 million. The order represents the Japanese aircraft lessors first airplanes from Boeing. The new planes will be leased to Skymark Airlines Inc. in Japan. MCAP manages 60 planes. Open Open Tab June 17, 2009 Provides Information AirAsia X Orders 10 A350s From Airbus Malaysian low-cost carrier AirAsia X placed a firm order for 10 Airbus A350 XWB aircraft, with options for five more. The carrier had previously ordered 10 A330s. Open Open Tab June 16, 2009 Provides Information Airlines Catch Lift As Oil Turns Back Toward $70 Airline stocks caught a lift from falling oil prices early Thursday, with Alaska Air Group and U.S. Airways Group leading the advance. The NYSE Arca Airline Index edged up fractionally to 17.42 points, bucking the broader market's decline. Crude oil fell $1.09, or 1.5%, to $71.59 a barrel. Open Open Tab June 12, 2009 Provides Information Boeing: Demand For New Planes At 29,000 By 2028 Boeing on Thursday estimated the market for new commercial airplanes over the next 20 years at $3.2 trillion and expected demand for planes to reach 29,000 by 2028, slightly down from 29,400 jets it projected in 2008. Open Open Tab June 11, 2009 Provides Information Airlines First-quarter Perfomance Best In 15 Years U.S. airlines have been posting some of their best on-time performance numbers in 15 years as airlines wind down their capacity in wake of the recession. In a Tuesday release, the U.S. Bureau of Transportation said the industry's on-time performance for the first three months of 2009 was its the third best since the agency started keeping track. Open Open Tab June 9, 2009 Provides Information American Airlines, American Eagle May Traffic Down AMR Corp. said late Wednesday that May traffic declined at both American Airlines and regional carrier American Eagle. May traffic at American Airlines fell 11.7% to 10.38 billion revenue passenger miles, and traffic at American Eagle declined 14.3% to 622.9 million revenue passenger miles from a year ago. Open Open Tab June 3, 2009 Provides Information United Airlines Reports 12% Drop In May Traffic United Airlines parent UAL Corp. reported late Wednesday overall traffic, measured in revenue passenger miles, fell 12.3% in May from the same month a year ago. Open Open Tab June 3, 2009 Provides Information Air France-KLM's Quarterly Operating Loss Widens Air France-KLM , Europe's largest airline, said its fourth-quarter operating loss widened to 574 million euros from 37 million euros in the year-earlier quarter. Revenue fell 12% to 5.01 billion euros as the impact of the economic crisis "deepened further." Open Open Tab May 19, 2009 Provides Information People Flying On US Airlines Fell 12% In February The number of people flying on U.S. airlines plunged 12% in February from a year ago, the largest single-month decline in about seven years, the Department of Transportation said Thursday. Open Open Tab May 14, 2009 Provides Information Continental Cuts 500 Reservation Jobs In Tampa Continental Airlines Inc. said Wednesday it intends to close its Tampa, Fla., reservation center and eliminate about 500 jobs as more customers purchase their tickets online. Open Open Tab May 13, 2009 Provides Information Alaska Air Trims 37% From Its Mexico Routes Alaska Air said Wednesday it would reduce its summer and fall flying to Mexico by 37% beginning July 2 through fewer flights. Open Open Tab May 6, 2009 Provides Information American Airlines' Traffic Down 4.7% In April AMR Corp. said late Monday that April traffic at its American Airlines unit fell 4.7% to 10.28 billion revenue passenger miles from 10.79 billion revenue passenger miles a year ago. A revenue passenger mile is equal to one passenger flown one mile. Open Open Tab May 4, 2009 Provides Information Boeing sends 787 Dreamliner to the flight line After what must seem to Boeing executives, not to mention aviation industry observers, like never-ending delays, the aircraft giant said on Monday that it has moved its much anticipated 787 Dreamliner to the flight line for final testing. Open Open Tab May 4, 2009 Provides Information United Air April Traffic Falls, Load Factor Flat UAL Corp. said late Monday that April traffic fell 8.7% to 9.39 billion revenue passenger miles from 10.28 billion a year ago. Open Open Tab May 4, 2009 Provides Information United Airlines To Curtail Mexico Flights United Airlines will temporarily cut the number of weekly flights between Mexico and the United States to 24 from 61 starting on May 5 and to 52 from 90 in June, the airline said Friday. The move follows 156 reported cases of the H1N1 flu in Mexico with at least nine deaths. Open Open Tab May 1, 2009 Provides Information Transportation Secretary Hints at Aid for Airlines LaHood said he thinks the Obama administration will seek financial aid for airlines to pay for equipment onboard planes that will be needed to move to a satellite-based air traffic control system. Open Open Tab April 30, 2009 Provides Information EDS, an HP Company, to Help Continental Airlines Transform Flight Operations EDS, an HP company, today announced an agreement with Continental Airlines to enhance its EDS Flight Planning Services in order to reduce flight operating expenses and create efficiencies for Continental by automating some aspects of flight planning. Open Open Tab April 28, 2009 Provides Information Airline Sales In 2Q Looks Worse Than Expected -UBS UBS downgraded shares of AMR Corp. , Continental , US Airways , and UAL Corp. to neutral from buy on Monday, saying the industry is facing even worse revenue trends in the second quarter than first expected. Open Open Tab April 27, 2009 Provides Information The Airlines: Fly The Empty Skies The industry cut costs, and profits are up. Now to get some passengers. Open Open Tab April 23, 2009 Provides Information Boeing BCA Saw About 60 Delivery Deferrals In 1Q Boeing Co. said Wednesday it saw about 60 delivery deferrals for its commercial aircraft in the first quarter, pushing new delivery dates from 2010 and 2011 to future periods. Open Open Tab April 22, 2009 Provides Information Delta CEO: Revenue Collapse Appears To Have 'bottomed Out' Delta Air Lines Inc. Chief Executive Richard Anderson said Tuesday that the deterioration in revenue appears to have bottomed out in the first quarter. "We've seen some signs of stabilization as the revenue environment appears to have bottomed out," Anderson said in a post-earnings call. Open Open Tab April 21, 2009 Provides Information Southwest Swings to a First-Quarter Loss Southwest Airlines reported a much larger than expected first-quarter loss Thursday as the carrier’s chief executive described the current environment as the toughest ever for his company. Open Open Tab April 16, 2009 Provides Information AMR Says Federal Stimulus Plan Important To Helping Airlines In a letter to employees, AMR Corp. Chairman and Chief Executive Gerard Arpey blamed the carrier's first-quartet loss on the worst economic environment since 1982, and praised federal stimulus programs designed to stabilize the banking system. Open Open Tab April 15, 2009 Provides Information AMR Sees Slower Booking Erosion In Q2, More Yield Pressure AMR Corp. said Wednesday bookings to date in the second-quarter were showing less erosion when compared to the first quarter. "Our mainline booked load factor for the remainder of the second quarter is down by about two points," said Chairman and Chief Executive Gerard Arpey on a post-earnings call with analysts. Open Open Tab April 15, 2009 Provides Information United To Begin Charging Very Obese For Second Seat Under the new guidelines, passengers who are unable to fit into a single seat in the ticketed cabin; unable to properly buckle the seatbelt using a single seat-belt extender; or unable to put the seat's armrests down when seated will have to buy a second ticket. Open Open Tab April 15, 2009 Provides Information U.S. Airlines Paid $1.58 Billion For Jet Fuel In February U.S. airlines paid out about $1.58 billion for jet fuel in February, down significantly from $2.6 billion in the same month last year, according to data released from the Department of Transportation. For February, airlines jet fuel consumption fell 17% to 847.9 million gallons, the agency said. Open Open Tab April 14, 2009 Provides Information Boeing To Cut 777 Production; Delay Increases Of 747s, 767s Boeing Co. said late Thursday it is curbing produciton of twin-aisle commercial jets, a move that will result in a sizable hit to first-quarter earnings. Boeing said it will cut production of 777s to five airplanes a month from seven beginning in June 2010, and will delay plans to modestly increase 747-8 and 767 production. Open Open Tab April 9, 2009 Provides Information Continental Gets Tentative Approval To Join Star Alliance Continental Airlines Inc. said Tuesday the U.S. Department of Transportation approved tentative antitrust immunity for it to join an alliance between United Airlines and eight other Star Alliance member carriers. Open Open Tab April 7, 2009 Provides Information Airlines Have Best Performance in 4 Years, Report Says In the face of a down economy, airlines experienced their best performance in four years in 2008, according to a study by the Airline Quarterly Rating, AQR. This is especially good news for travelers given that 2007 brought the most complaints in over 10 years. Open Open Tab April 6, 2009 Provides Information Decrease in Passenger Flights Improves Airline Performance Overall Fewer flights will create greater congestion on planes -- and drive up prices -- but will also provide a leaner and meaner airline industry, a top researcher said Monday. Open Open Tab April 6, 2009 Provides Information Delta Air Lines March Traffic, Capacity Decline Delta Air Lines Inc. said Monday that March traffic at Delta and Northwest operations combined fell 12.6% to 15.6 billion revenue passenger miles from 17.86 billion a year ago. A revenue passenger mile represents one passenger flown one mile. Open Open Tab April 6, 2009 Provides Information Ryanair Reports 5% Passenger Traffic Rise Ryanair Holdings , the largest of the so-called budget airlines, said March traffic improved 5% to 4.7 million passengers. However, its load factor fell to 77% from 79%. Load factor is a measure of traffic to available seats. Load factors in March were impacted by the switch of Easter from March to April, Ryanair said. Open Open Tab April 3, 2009 Provides Information AMM Online The international news service of American Metal Market, the daily newspaper of the metals and recycling industries. Open Open Tab   Provides Information Alcoa Alcoa Swings To Loss As Aluminum Prices Plunge Alcoa Inc. on Tuesday reported a first-quarter loss $497 million, or 61 cents a share, vs. a profit of $303 million, or 37 cents a share a year ago. Excluding discontinued operations, Alcoa would have posted a loss of 59 cents a share. Open Open Tab April 7, 2009 Provides Information Bankruptcies Bankruptcy rates reflect policy, not people What do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50-state bankruptcy study published in the latest issue of the Journal of Law and Economics. Open Open Tab June 22, 2009 Provides Information Eddie Bauer Filing For Bankruptcy Wednesday Eddie Bauer Holdings Inc. plans to file for Chapter 11 bankruptcy protection by the end of the day, The Wall Street Journal reported Wednesday on its Web site, citing an unidentified source familiar with the matter. Open Open Tab June 17, 2009 Provides Information GOP: Bankruptcy Key To Unwinding Mega-institutions Regulators should rely on the bankruptcy process to unwind large systemically significant financial institutions rather than allowing government bailout dollars to help resolve insolvent mega-banks, according to a broad regulatory reform proposal introduced by House Republican lawmakers on Thursday. Open Open Tab June 11, 2009 Provides Information Eddie Bauer Shares Drop On Rumored Bankruptcy Shares of Eddie Bauer Holdings Inc. dropped sharply Tuesday following a Bloomberg News report citing five unidentified sources that the outdoor-clothing retailer may file for bankruptcy protection as early as this week. Shares of Eddie Bauer plummeted 44.8% to 26 cents in recent trading. Open Open Tab June 9, 2009 Provides Information Delphi Reaches Agreement To Emerge From Bankruptcy Delphi Corp. said Monday it has reached agreements to allow the bankrupt auto parts maker to emerge from its Chapter 11 reorganization. Open Open Tab June 1, 2009 Provides Information BankUnited Financial Files Chapter 11 Bankruptcy BankUnited Financial Corp. said late Friday it filed for Chapter 11 bankruptcy. BankUnited Financial is the former holding company for BankUnited FSB, which was closed Thursday and placed in receivership. The company said that it is unlikely it will be entitled to any distribution from the Federal Deposit Insurance Corporation given the bank's financial condition. Open Open Tab May 21, 2009 Provides Information Honeywell TV maker files for bankruptcy protection The rough seas of the consumer electronics business has caused yet another smaller boat to capsize. Soyo, the maker of Honeywell TVs, has filed for Chapter 7 bankruptcy protection. Open Open Tab May 21, 2009 Provides Information Filene's Basement Files For Chapter 11 Protection Filene’s Basement filed for bankruptcy protection on Monday, just weeks after the struggling retailer has been purchased by an affiliate of liquidation specialist Buxbaum Group. Open Open Tab May 4, 2009 Provides Information GM CEO says bankruptcy probable but not preferred General Motors Corp. Chief Executive Fritz Henderson said Friday that a bankruptcy filing is "probable" because of the restructuring goals GM must meet to get more government loans, but that isn't the company's preferred option. Open Open Tab April 17, 2009 Provides Information Private equity firms win battle for bankrupt Polaroid Bankrupt Polaroid Corp. has been bought by a pair of private equity firms after a judge threw out the acquisition of the iconic inventor of instant photography by another investor. Open Open Tab April 17, 2009 Provides Information General Growth Properties Ranks As Year's Biggest Bankruptcy General Growth Properties' bankruptcy filing Thursday outflanked the year's other U.S. corporate filings by pre-petition assets, according to BankruptcyData.com. Open Open Tab April 16, 2009 Provides Information Bankruptcies surge despite law meant to help Nearly 1.2 million debtors filed for bankruptcy in the past 12 months Open Open Tab April 13, 2009 Provides Information Blockbuster May Shut Retail Stores Once Goliath to Netlflix's David, Blockbuster appears on the defensive in an effort to stay relevant to movie fans and viable as a business. In a filing with the U.S. Securities and Exchange Committee Monday, Blockbuster stated it may have to permanently close its retail stores. The company recently took out a $250 million loan -- on top of its $780.9 million debt -- and does not know if it can meet the conditions of the loan. Open Open Tab April 7, 2009 Provides Information Banks - Banking - Bank Bailouts - TARP - Toxic Assets - Treasury (The) Hartford Financial Gets $3.4 Billion In TARP Funds Hartford Financial Services Group Inc. said Friday it received $3.4 billion in funds from the U.S. Treasury's Troubled Asset Relief Program. Under its agreement with the Treasury, Hartford sold non-voting senior preferred shares with a 5% annual dividend for the first five years and 9% dividend thereafter. Treasury also received warrants to buy common stock equal to 15% of the preferred investment, or $510 million. The exercise price of the warrants is $9.79 a share, Hartford said. Open Open Tab June 26, 2009 Provides Information B. Of A. Says It Has Raised Over $33.9 Bln Bank of America Corp. said late Thursday that it completed offers to exchange preferred stock for new common stock, helping the lender exceed a government-imposed target of raising at least $33.9 billion in new equity capital. Open Open Tab June 25, 2009 Provides Information Bernanke denies Fed threatened BofA over Merrill deal Federal Reserve Chairman Ben Bernanke, facing his toughest grilling yet by U.S. lawmakers, said on Thursday he had never threatened to fire Bank of America's management if they pulled the plug on a planned merger with Merrill Lynch. Open Open Tab June 25, 2009 Provides Information Fed Funds Show Rate Hike Likely By December Investors in interest-rate futures see a good chance that the Federal Reserve will raise its target interest rate by the end of the year and are closely eyeing what policy makers say when they conclude a two-day meeting later Wednesday. Open Open Tab June 24, 2009 Provides Information New TARP Chief Sees Positive Economic Signs In prepared testimony for a congressionally appointed panel, Herbert Allison said Wednesday it is critical for the government to remain vigilant and "press ahead" with recovery efforts. Open Open Tab June 24, 2009 Provides Information Treasury Pays Most In 7 Months To Sell 2-year Debt Bidders offered $3.19 for every dollar of debt being sold, the highest in at least 17 months and well above the average of $2.74 at the last five sales of the same amount. Indirect bidders, a class of investors that includes foreign central banks, bought 68.7%, also by far the highest since January 2008 and more than the 39.8% on average. Open Open Tab June 23, 2009 Provides Information Fed Buys $7.5 Billion In Treasurys The Federal Reserve Bank of New York bought $7.5 billion in Treasurys maturing between 2016 and 2019 on Monday, the first of two operations this week. Dealers offered $20.7 billion to be purchased. The last two times the central bank made purchases from this maturity range, it bought about $7.5 billion. Open Open Tab June 22, 2009 Provides Information World Bank cuts forecasts Corporate sentiment surveys from Germany and Japan showed glimmers of hope on Monday, contrasting with grim global outlooks from the World Bank and Organization for Economic Cooperation and Development. Open Open Tab June 22, 2009 Provides Information Bank Failures In Ga., N.C. Bring 2009 Tally To 39 Bank failures in Georgia and North Carolina have brought the number of failures in 2009 to 39, according to the Federal Deposit Insurance Corp. late Friday. Southern Community Bank of Fayetteville, Ga., was the year's seventh bank failure in that state and United Community Bank of Blairsville, Ga., will assume all of the deposits. As of May 29, Southern Community Bank had total assets of $377 million and total deposits of approximately $307 million. United Community Bank will buy about $364 million in assets. Open Open Tab June 19, 2009 Provides Information J.P. Morgan TARP Payback Will Cost 27 Cts/share J.P. Morgan Chase & Co. said on Friday that its repayment of a $25 billion government investment in the company will cot it 27 cents a share in second quarter earnings. The company said the total cost of the non-cash charge for the payback would be about $1.10 billion. Open Open Tab June 19, 2009 Provides Information 10 Banks Plan to Repay $68B in TARP Funds The Treasury Department last week gave the 10 banks permission to repay the funds, which they received under the $700 billion bailout plan, known as the Troubled Asset Relief Program. Open Open Tab June 17, 2009 Provides Information Capital One Pays Back $3.57 Billion To TARP Capital One Financial Corp. said it paid back about $3.57 billion to the U.S. Treasury's Troubled Asset Relief Program, according to a Securities and Exchange Commission filing Wednesday. The buyback, which included principal and accrued dividends, involved 3.6 million of Capital One preferred shares. Open Open Tab June 17, 2009 Provides Information Goldman Sachs Repays About $10 Bln In TARP Funds Goldman Sachs Group said Wednesday it has bought back 10 million preferred shares issued to the Treasury earlier for about $10.04 billion. Open Open Tab June 17, 2009 Provides Information J.P. Morgan Chase Repays $25 Billion In TARP Funds J.P. Morgan Chase & Co. said Wednesday that it has repaid the $25 billion it received under the U.S. Treasury's Troubled Asset Relief Program. In addition to the principal, the bank said it paid $795.1 million in dividends on preferred stock held by the Treasury. Open Open Tab June 17, 2009 Provides Information Morgan Stanley Repays $10 Bln To TARP Morgan Stanley said Wednesday it repaid $10 billion in Troubled Asset Relief Program funds to the Treasury. It did not provide details on dividend payments but said it will continue to work with the Obama administration and Congress to ensure soundness in the banking system and the strength and stability of the financial system. Open Open Tab June 17, 2009 Provides Information Treas: $3.1 Billion In TARP Go To Alter Mortgages Seven mortgage servicers received $3.1 billion in additional bank bailout funds to use as part of a Treasury program seeking to modify mortgages, according to an agency report released Tuesday. The report, which identifies fund allocations as part of the government's Troubled Asset Relief Program, also identifies seven banks, including OneFinancial Corp. and River Valley Bancorporation Inc., which received a cumulative $39 million in TARP funds. Open Open Tab June 16, 2009 Provides Information Morgan Stanley To Start Repaying TARP Wed: Report Morgan Stanley is expected on Wednesday to begin repaying billions of dollars in bailout funds received from the U.S. Treasury, CNBC reported Tuesday, citing an unidentified person familiar with the situation. Open Open Tab June 16, 2009 Provides Information Bernanke Invited To Testify On Merrill Deal A key congressional panel is inviting Federal Reserve Chairman Ben Bernanke to testify on June 25 about allegations by Bank of America Chief Executive Kenneth Lewis that government officials pressed him to buy Merrill Lynch & Co. after he became aware of major losses at the investment bank. Open Open Tab June 16, 2009 Provides Information Citi's Parsons Says No TARP Repay Timetable Citigroup Inc. Chairman Richard Parsons on Monday said the company plans to pay back the $45 billion it has borrowed under the Troubled Asset Relief Program, but there is no timetable for doing so, according to a published report. Open Open Tab June 15, 2009 Provides Information Treasurys Perk Up After Lukewarm Housing Data Treasury note , which move inversely to prices, fell 7 points to 3.7162%. Yields on the 2-year note slid 4 basis points to 1.2276%. Government bonds had rallied earlier as investors took advantage of recently higher rates and looked ahead to a week free of new Treasury sales. Open Open Tab June 15, 2009 Provides Information Summers Defends Government Bailouts as Necessities The president's National Economic Council director says the financial system breaks down on average every three years so it's no surprise the public would want government intervention. Open Open Tab June 12, 2009 Provides Information Banks Expected To Start Repaying TARP Soon J.P. Morgan Chase & Co. , Morgan Stanley and American Express Co. are expected to start repaying money from the U.S. Treasury's Troubled Asset Relief Program Wednesday, The Wall Street Journal reported on its Web site late Thursday, citing people familiar with the matter. Open Open Tab June 11, 2009 Provides Information Bank of America CEO: Feds Pressured Bank to Buy Merrill Lynch Bank of America Chief Executive Officer Kenneth Lewis testified that the federal government threatened to remove board members at his bank if it reneged on a promise to acquire Merrill Lynch, despite Merrill Lynch's crumbling financial state. Open Open Tab June 11, 2009 Provides Information BofA CEO Defends Risky Purchase of Merrill Bank of America Chief Executive Kenneth Lewis on Thursday defended his decision to move ahead with the purchase of Merrill Lynch late last year despite grave concerns for the financial health of the giant brokerage firm. Open Open Tab June 11, 2009 Provides Information Frank: Pay Caps on TARP-Funded Firms Will Be Strict Rep. Barney Frank, Chairman of the House Financial Services Committee, said on Thursday there needed to be more controls on companies that took bailout money, and outlined how financial-services regulation might be changing in the near future. Open Open Tab June 11, 2009 Provides Information Treasury Appoints Pay Czar To Oversee TARP Banks The Obama administration announced the appointment of Washington attorney Kenneth Feinberg as a new compensation czar for corporations that receive a significant amount of funds from the government's bailout program, said White House spokesman Robert Gibbs. Open Open Tab June 10, 2009 Provides Information Treasury: Golden Parachutes Blocked For TARP Banks The Treasury Department released new pay rules Wednesday for banks that have received money from the government's bailout program, including new golden-parachute regulations, claw-back rules and additional disclosure of perks. Open Open Tab June 10, 2009 Provides Information READ Interim Final Rule on TARP Standards for Compensation and Corporate Governance   Open Open Tab June 10, 2009 Provides Information House Panel to Subpoena Fed Over B of A-Merrill A House committee Tuesday said it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's takeover of Merrill Lynch last year. Open Open Tab June 9, 2009 Provides Information Treasury Sells 3-year Notes At 1.96% The Treasury Department sold $35 billion in 3-year notes on Tuesday to yield 1.96%. The amount sold matches the amount of the last two monthly sales as the largest on record. Investors bid for 2.82 times the amount of debt auctioned. Open Open Tab June 9, 2009 Provides Information U.S. clears 10 big banks to repay bailout funds The U.S. Treasury Department said on Tuesday that 10 of the nation's biggest banks were approved to pay back a combined $68 billion of taxpayer money pumped into them last year to combat the credit crisis. Open Open Tab June 9, 2009 Provides Information Exit From TARP No End To Troubles Some worry banks not allowed to pay the government back will be marked as ''losers,'' but all face tighter oversight and risks ahead. Open Open Tab June 8, 2009 Provides Information Fed: Ten Banks Submitted Sufficient Capital Plans A group of 10 large financial institutions submitted capital raising and governance plans to the Federal Reserve that would meet the agency's goal of having the banks capitalized to survive an adverse future economic scenario, according to a Federal Reserve statement on Monday. Open Open Tab June 8, 2009 Provides Information House Republican Moves to 'Terminate the TARP' Rep. Jeb Hensarling introduced a bill Monday that will set a Dec. 31 deadline for the Treasury Department to lend money to troubled financial institutions. Open Open Tab June 8, 2009 Provides Information B. Of A. Says It Elects Four New Outside Directors Bank of America Corp. said late Friday its board elected four new directors. The independent directors are Susan Bies, 62, a former member of the Board of Governors of the Federal Reserve System; William Boardman, 67, a former Bank One Corp. and Visa International Inc. executive; D. Paul Jones, 66, former chairman and chief executive of Compass Bancshares Inc.; and Donald Powell, 67, former Federal Deposit Insurance Corp. chairman. Open Open Tab June 5, 2009 Provides Information Fed Buys $7.49 Billion In Treasurys The Federal Reserve Bank of New York bought $7.494 billion in Treasurys maturing between 2011 and 2012 on Thursday, the second operation this week and the latest in the central bank's attempts to keep a lid on borrowing costs and spur economic activity. Open Open Tab June 4, 2009 Provides Information Morgan Stanley Seen Among First to Exit TARP Morgan Stanley is likely to be part of the first wave of major banks to exit the U.S. government's bank bailout program after recently selling more than $2 billion of shares, research analysts said on Wednesday. Open Open Tab June 3, 2009 Provides Information J.P. Morgan Plans To Raise $5 Bln In Common Equity J.P. Morgan Chase said late Monday that it plans to raise $5 billion in common equity as the giant lender tries to repay $25 billion in government money it got last year. Open Open Tab June 1, 2009 Provides Information The Fed Puts Out Rules For Banks Returning Funds Large financial institutions that have received capital from the Treasury's bank bailout program can pay back the funds if they show that they can issue a significant amount of long-term unsecured debt that is not backed by Federal Deposit Insurance Corp. guarantees, the Federal Reserve announced on Monday. Open Open Tab June 1, 2009 Provides Information Treasury: TARP Bank Consumer Loans Decreased 0.5% Consumer and commercial loans from banks that received funds from the $700 billion bank bailout fund decreased by 0.8% in March, compared to February, according to a Treasury report on Monday. Commercial loans from financial institutions went down, on average, 1.5%, during that period, while lending to consumers decreased by 0.5%. Open Open Tab June 1, 2009 Provides Information FDIC Tweaks Rule For Banks' Interest Rates The Federal Deposit Insurance Corp. on Friday changed a rule related to the interest rates that banks that are less than well capitalized can offer on deposits. Open Open Tab May 29, 2009 Provides Information Idea of Single Banking Regulator Being Mulled on Capitol Hill Some Washington policy makers appear to be considering creating a single banking regulator, though a dual-track structure appears to be the idea with the most momentum among top officials right now. Open Open Tab May 28, 2009 Provides Information Banks Earn $7.6 Billion in First Quarter After Record Loss in Fourth Quarter The Federal Deposit Insurance Corp. says higher trading revenues at big banks helped the industry earn a $7.6 billion profit in the January-March period, compared with a record loss of $36.9 billion in the fourth quarter Open Open Tab May 27, 2009 Provides Information Fed Buys $6 Billion In Treasurys The Federal Reserve Bank of New York bought $6 billion in Treasurys maturing between 2012 and 2013 on Wednesday, the latest in the central bank's program to keep borrowing costs lower and spur economic activity. Open Open Tab May 27, 2009 Provides Information Treasury Sells 5-year Notes At 2.31% The Treasury Department sold $35 billion in 5-year notes Wednesday to yield 2.310%. Investors offered $2.32 for every dollar of debt sold, compared with an average of $2.11 in the last four auctions. Open Open Tab May 27, 2009 Provides Information Fed: TARP Injection Is High-level Capital The Federal Reserve on Friday adopted a rule that will allow banks receiving capital from the bank bailout fund to consider some of the financial injections they have received to be a high-level of capital. Open Open Tab May 22, 2009 Provides Information Second Illinois Bank Is Closed By Regulators Macomb, Ill.-based Citizens National Bank was closed by regulators, the 36th bank failure of the year and the second Illinois closure announced on Friday, according to the the Federal Deposit Insurance Corp. Morton, Ill.-based Morton Community Bank has agreed to assume the failed bank's deposits, the FDIC said. Citizens National had roughly $400 million in deposits as of May 13, and $437 million in assets, the FDIC said. Open Open Tab May 21, 2009 Provides Information TARP Recipients' Asset Sales May Hurt Taxpayers U.S. taxpayers were told they would likely make money, when all is said and done, from the Troubled Asset Relief Program, but the actions companies are taking to repay that money may be hurting themselves and the federal coffers in the long run. Open Open Tab May 22, 2009 Provides Information Geithner: Private-Public Bank Help to Begin in 6 Weeks Treasury Secretary Timothy Geithner is telling senators that consumers and investors need protections against manipulation and deception in financial services. Open Open Tab May 20, 2009 Provides Information US banks expected to repay $25bn US financial institutions will repay $25bn of bail-out funds over the next year, the US Treasury says. Open Open Tab May 20, 2009 Provides Information B. Of A. Prices Offering Of 825 Mln Shares: CNBC Bank of America priced a secondary offering of 825 million new shares at $10 each, CNBC's David Faber reported late Tuesday. Open Open Tab May 19, 2009 Provides Information Banks talking to U.S. about TARP repayments: official U.S. banking supervisors have received requests from several major banks to repay emergency government investments, a Federal Reserve spokesperson said on Tuesday. Open Open Tab May 19, 2009 Provides Information Several Big Banks Seek to Repay TARP JPMorgan Chase, Goldman Sachs and Morgan Stanley have petitioned the government to begin repaying their funds from the Troubled Asset Relief Program, a person familiar with the matter said Tuesday. Open Open Tab May 19, 2009 Provides Information Faster Payments hits £53.5bn in first year Faster Payments, the system designed to speed up the movement of money between banks, has now seen £53.5bn in transactions since its launch a year ago. Open Open Tab May 18, 2009 Provides Information Fed Buys $3.18 Billion In Treasurys The Federal Reserve Bank of New York bought $3.18 billion in Treasurys maturing between 2019 and 2026 on Monday, the latest in the central bank's program to keep borrowing costs lower and spur economic activity. Open Open Tab May 18, 2009 Provides Information Life Insurers Start to Get Approval for TARP Funds Insurers are finally getting approval to receive money from the Troubled Asset Relief Program, which is likely welcome relief for a sector that has been struggling, but continues to raise questions about how the government draws the line in terms of which companies it’s bailing out. Open Open Tab May 15, 2009 Provides Information Principal Financial Get Preliminary TARP Approval Principal Financial Group Inc. said Friday the U.S. Treasury gave the insurer preliminary approval for Troubled Asset Relief Program funds. Principal Financial said it applied for $2 billion in funds. Open Open Tab May 15, 2009 Provides Information Banks, investment firms draw less from Fed Banks and investment firms trimmed their borrowing over the past week from the Federal Reserve's emergency lending program, a hopeful sign that some credit problems are easing. Open Open Tab May 14, 2009 Provides Information Wells Fargo To Pay $312.5 Mln TARP Dividend Wells Fargo & Co. said Thursday it will pay $312.5 million in preferred stock dividends on funds received from the U.S. Treasury. The $12,500-a-share dividend is payable Friday. Wells Fargo also said it extended $225 billion in credit to U.S. taxpayers since October. Open Open Tab May 14, 2009 Provides Information Administration Claims Bailout Repayments Will Broaden Program The Obama administration says it will use bailout money repaid by large banks to support additional capital infusions for smaller banks. Open Open Tab May 13, 2009 Provides Information Banks Suing MBIA Over Business Split Several U.S. and foreign financial institutions sued MBIA Inc. , alleging the bond insurer's decision to split its businesses was fraudulent, the Wall Street Journal reported Wednesday in its online edition. Open Open Tab May 13, 2009 Provides Information Treasury: Derivatives Must Trade In Clearinghouses The vast majority of complex and opaque over-the-counter derivatives must be traded on centralized clearinghouses, the Treasury Department reported on Wednesday as part of its regulatory reform effort for exotic financial products. Open Open Tab May 13, 2009 Provides Information Report: Citi Using Most of TARP Capital to Make Loans Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.     May 12, 2009 Provides Information Bank Of America Wants To Repay TARP In Months Bank of America Chief Executive Ken Lewis said on Monday that the bank wants to repay government investments under the Troubled Asset Recovery Program (TARP) within months. "My hope is it's months, not years," Lewis said in a conference call hosted by CLSA analyst Mike Mayo. Open Open Tab May 11, 2009 Provides Information Bank Of New York Offering $1 Billion In Shares Bank of New York Mellon Corp. said late Monday it will offer $1 billion in common shares in a secondary offering. Open Open Tab May 11, 2009 Provides Information Fed Says Stress Test Results Should Bolster American Confidence in Banks Bernanke hopes that the public and investors will take comfort from the fact that financial institutions have been evaluated in a comprehensive and rigorous fashion. Open Open Tab May 11, 2009 Provides Information US Listened To Bank, Did Not Negotiate: Lewis Bank of America Chief Executive Ken Lewis said government regulators running the stress tests on the nation's largest banks recently listened to the bank's own assumptions on some criteria, but they did not have a traditional negotiation with them. Open Open Tab May 11, 2009 Provides Information B. Of A. Prices Stock Offering At $8.79 a Share Bank of America Corp. on Friday said it plans to offer 1.25 billion shares of common stock at a proposed maximum offering price of $8.79 a share. Open Open Tab May 8, 2009 Provides Information Wells Fargo Raises $8.6 Bln Via Stock Offering Wells Fargo & Co. said Friday it raised about $8.6 billion through the offering of 392.15 million shares after underwriters fully exercised their option to purchase an additional 51.15 million shares. The offering, which priced Friday, will be settled on Wednesday. Open Open Tab May 8, 2009 Provides Information 10 Banks Asked to Raise Nearly $75B, Per Stress Tests There were few surprises contained in the anxiously awaited results of the bank stress tests released by the government on Thursday -- and that’s probably just how they wanted it. Open Open Tab May 7, 2009 Provides Information Bank stress tests show some banks need more funds Some of the nation's largest banks will be scrambling to demonstrate that they can raise capital after results of government stress tests leaked out, showing many need more funds. The Treasury Department will officially release results later Thursday. Open Open Tab May 7, 2009 Provides Information Bernanke Calls for Revamped Oversight of Banking System Regulators must examine the financial system as a whole to detect risks that could endanger the normal flow of credit, market operations and commerce -- critical elements to the smooth functioning of the U.S. economy, Ben Bernanke said in prepared remarks. Open Open Tab May 7, 2009 Provides Information Bernanke: Fed Able To Wean Markets Off Support Federal Reserve Board Chairman Ben Bernanke said Thursday he was confident that the central bank could "wean" markets off government support before inflation spikes. In a question-and-answer session after a speech to a Chicago Fed Bank conference, Bernanke said the central bank had all the tools it needed to accomplish the task. Open Open Tab May 7, 2009 Provides Information B. Of A. To Sell 1.25 Billion Common Shares Bank of America Chief Financial Officer Joe Price said late Thursday that the company will sell 1.25 billion new common shares as the lender tries to raise capital to meet requirements from the government's stress test. Open Open Tab May 7, 2009 Provides Information Morgan Stanley To Sell $2 Bln In New Common Stock Morgan Stanley said late Thursday that it's selling $2 billion in new common stock to help the investment bank meet capital requirements from the government's so-called stress test. Morgan Stanley also said it plans to sell roughly $3 billion of senior notes in a public offering that will not be guaranteed by the Federal Deposit Insurance Corporation. Open Open Tab May 7, 2009 Provides Information Banks returning bailouts will face conditions Banks that want to pay back their federal bailout funds and free themselves from government restrictions on compensation and dividends will have to sever their ties to another financial assistance program. Open Open Tab May 6, 2009 Provides Information BofA shares rise amid reports of $34B shortfall Bank of America Corp. stock rose Wednesday as investors appeared comforted by reports that the bank has the means to cover a potential $34 billion shortfall in capital. Open Open Tab May 6, 2009 Provides Information Fed: Banks Have 30 Days To Produce Capital Plan The 19 financial institutions undergoing federal stress tests must have grade A Tier 1 capital of at least 6% and will be required to have a significant amount of their total equity in common shares, according to a statement Wednesday by the Federal Reserve and other regulators. Open Open Tab May 6, 2009 Provides Information Wells Fargo Needs $15 Bln In New Capital Wells Fargo & Co. will need about $15 billion in capital following a U.S. government-led stress test, Bloomberg reported Wednesday on its Web site, citing a person familiar with the matter. Open Open Tab May 6, 2009 Provides Information Banks Must Meet Conditions To Repay TARP Banks that want to repay Troubled Asset Relief Program funds will have to meet certain conditions, including demonstrating their ability to raise funds on their own, The Wall Street Journal reported late Tuesday in its online edition. Open Open Tab May 5, 2009 Provides Information Bernanke Contradicts BoA's Lewis On Merrill Federal Reserve Board chairman Ben Bernanke denied that he urged Bank of America chief executive Kenneth Lewis to hold back disclosure on the true extent of Merrill Lynch's coming fourth-quarter losses until after shareholders approved the bank's purchase of the troubled brokerage. Open Open Tab May 5, 2009 Provides Information Bank of America Says No Plans to Raise $10B in Stock Bank of America on Monday contradicted a report saying it was planning to raise $10 billion in capital.     May 4, 2009 Provides Information Dimon Says Morgan Lending $2 Billion a Day J.P. Morgan Chase Chief Executive Jamie Dimon said on Monday that the bank is lending $2 billion a day. "One of the great misconceptions out there is that banks aren't lending. If you look at bank lending the last couple of quarters, it is up. Open Open Tab May 4, 2009 Provides Information Wells Fargo asked to raise money after stress test Regulators have told Wells Fargo & Co. it may need to shore up its finances after government "stress tests" showed the bank would have trouble surviving a deeper recession. Open Open Tab May 4, 2009 Provides Information Citizens Community Bank Fails, 31st Closure Of '09 Citizens Community Bank of Ridgewood, N.J. was closed by the New Jersey Department of Banking and Insurance on Friday, the Federal Deposit Insurance Corporation said, making it the 31st bank failure of 2009 and the 56th since the beginning of financial crisis. Open Open Tab May 1, 2009 Provides Information Regulators Seize Silverton Commercial Bank U.S. banking regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks, the biggest bank failure so far this year.     May 1, 2009 Provides Information Results of Bank 'Stress Tests' to Be Released on Thursday Results from stress tests into the health of the largest 19 U.S. banks are expected to be released late in the afternoon on Thursday, May 7, a government source said on Friday. Open Open Tab May 1, 2009 Provides Information Fed Bought $3.025 Billion In Short-term Treasurys The Federal Reserve Bank of New York bought $3.025 billion in Treasurys maturing in 2019 and 2026 on Thursday, its latest operation to support the bond market and keep yields low to encourage borrowing. Open Open Tab April 30, 2009 Provides Information GOP: Congress Should Review B. Of A. Deal Lawmakers in Congress should hold hearings examining allegations that the Federal Reserve pressed Bank of America Chief Executive Ken Lewis to remain quiet or risk losing his job as bank regulators examined the mega-institution's acquisition of Merrill Lynch, according to a key Republican. Open Open Tab April 29, 2009 Provides Information Over 100 Private Funds Want To Buy Toxic Assets Over 100 private institutions have sought government approval to join the Treasury's program to clear $1 trillion in so-called toxic mortgages and other assets from banks. Open Open Tab April 29, 2009 Provides Information Calpers To Vote Against B. Of A. Board Re-election The California Public Employees' Retirement System, or Calpers, said Tuesday it will vote against re-electing all 18 Bank of America Corp. board members, including Chief Executive Officer and Chairman Ken Lewis Open Open Tab April 28, 2009 Provides Information Shares of BofA, Citi drop on stress test concerns Citigroup Inc. and Bank of America Corp. will need to raise more capital if they can't convince regulators that "stress test" results were mistaken, according to two people familiar with the matter. Open Open Tab April 28, 2009 Provides Information Treasurys Turn Lower After Confidence Data Treasury prices turned lower Tuesday, pushing yields up, after the Conference Board said its index of consumer confidence improved to 39.2 this month, much higher than expected. Two-year note yields rose 1 basis point to 0.93%. Open Open Tab April 28, 2009 Provides Information Union: Remove Ballot Stuffing Votes At B. Of A. A group of labor unions wants Bank of America Corp. to prohibit brokers from casting director-election votes on behalf of investors that don't vote themselves, when shareholders consider the election of the mega-bank's chief executive Ken Lewis on Wednesday. Open Open Tab April 28, 2009 Provides Information Bank Industry to Hear Results of 'Stress Tests' Regulators trying to stabilize the financial system also will release the test methodology they used, which could provide clues about which banks may be in trouble -- but also could unwittingly roil the industry. Open Open Tab April 24, 2009 Provides Information Banking After The Stress Tests When Uncle Sam tells the country's largest 19 banks today whether they have passed government-run "stress tests," much of the focus will be on capital requirements and which banks are the loudest about the results. Open Open Tab April 24, 2009 Provides Information B. Of A. Says Gov't Threatened Management Bank of America Chief Executive Ken Lewis said that the Treasury and the Federal Reserve threatened to remove him and the firm's board of directors if the company did not go through with a planned acquisition of Merrill Lynch late last year. Open Open Tab April 23, 2009 Provides Information New York AG Questions TARP Disclosure New York Attorney General Andrew Cuomo on Thursday released a letter he sent to Congressional leaders and federal regulators saying that an ongoing investigation has raised questions about transparency at Treasury's TARP program, as well as disclosure matters at Bank of America . Open Open Tab April 23, 2009 Provides Information TARP Panel: More Than 250 Firms Withrew Applications for Funding A report by the Financial Stability Oversight Board says that as of March 27, more than 250 institutions that had received such preliminary approval subsequently withdrew their applications for money from the Capital Purchase Program. Open Open Tab April 23, 2009 Provides Information U.S. May Have Encouraged BofA Silence on Merrill Deal Bank of America Chairman and CEO Ken Lewis testified in February that he felt Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were encouraging his firm not to discuss its increasingly troubled plan to buy Merrill Lynch as it was coming together late last year, documents released Thursday show.     April 23, 2009 Provides Information What Are Bank Stress Tests?   Open Open Tab April 23, 2009 Provides Information Bank Bailout Exposes Government to Massive Losses, Fraud A report by the Treasury inspector general for Congress says the Obama administration's Troubled Asset Relief Program leans toward the private sector at a risk to taxpayers. Open Open Tab April 21, 2009 Provides Information Banking Behemoths Should Be Be Broken Up, Stiglitz Says Banks and other financial institutions that are so big that their failure poses risks to the economy should be broken up, economist Joseph Stiglitz told lawmakers Tuesday. Open Open Tab April 21, 2009 Provides Information Geithner defends bank rescue program amid warnings Treasury Secretary Timothy Geithner defended the bank rescue program devised by the Obama administration Tuesday as the International Monetary Fund predicted U.S. financial institutions could lose $2.7 trillion from the global credit crisis. Open Open Tab April 21, 2009 Provides Information Geithner: Hard to Set Prices on Toxic Assets Treasury Secretary Timothy Geithner said on Tuesday that most U.S. banks have enough capital to keep lending but a pile of bad debts is fostering doubts about their health and slowing a recovery.     April 21, 2009 Provides Information Bank loss fears hit global shares US and European shares have fallen sharply after the biggest bank in the US reported a big increase in the amount it needed to cover bad debt. Open Open Tab April 20, 2009 Provides Information Bank of America Beats the Street, Earns $4.25B Bank of America on Monday became the latest financial firm to blow earnings expectations out of the water, though numerous caveats remain in its balance sheets. Open Open Tab April 20, 2009 Provides Information Treasury May Convert Some TARP Shares Into Common Converting the government's preferred Troubled Asset Relief Program shares into common stock remains an option if stress tests determine that certain banks need more capital, a Treasury Department spokesperson said Monday. Open Open Tab April 20, 2009 Provides Information American Bankers Association Fed Up With TARP The American Bankers Association, a banking advocacy group, is protesting the requirements imposed upon banks who want to return TARP money they received under the Capital Purchase Program. Open Open Tab April 17, 2009 Provides Information Banks race to repay aid, cling to other lifelines Some financial firms see bailout money from Treasury as a ‘scarlet letter’     April 17, 2009 Provides Information BB&T Doesn't Want "Destructive" TARP Cash BB&T, a large Southeast U.S. regional bank, said Friday it plans to repay its TARP funds as soon as possible, citing the negative perception and conditions that comes along with the bailout cash. Open Open Tab April 17, 2009 Provides Information Fannie Mae chief tapped to head U.S. bank rescue Herb Allison, who has been chief executive of Fannie Mae since it was seized by the government last September, has been tapped to oversee the $700 billion financial rescue fund conceived to restore rattled markets, the White House said on Friday. Open Open Tab April 17, 2009 Provides Information Obama Nominates Allison To Head Key Treasury Office President Barack Obama on Friday nominated Herbert Allison to be assistant secretary for financial stability at the Treasury Department. Allison would replace Neel Kashkari, the Bush administration's pick to head this post, a key position at the Treasury Department. Allison will be Treasury Secretary Timothy Geithner's point man on the government's bank bailout effort and other responses to the financial crisis. Open Open Tab April 17, 2009 Provides Information Risk Returns To Wall Street First-quarter results show big banks getting back to business as usual. For now, at least. Open Open Tab April 17, 2009 Provides Information Fed Buys $1.5 Billion In Treasurys The Federal Reserve Bank of New York bought $1.5 billion in Treasurys on Thursday, part of a program to improve conditions in private credit markets and spur lending. The debt bought included Treasury Inflation Protected Securities maturing between 2010 and 2032. Open Open Tab April 16, 2009 Provides Information Mall giant files for bankruptcy protection General Growth Properties has stake in 200 shopping centers in 44 states Open Open Tab April 16, 2009 Provides Information Trapped In The TARP Blunt as always, JPMorgan's Jamie Dimon says his bank is ready to be done with help from Uncle Sam. Open Open Tab April 16, 2009 Provides Information Swiss bank UBS to cut 8,700 jobs Switzerland's biggest bank, UBS, has said it will seek to cut costs by shedding 8,700 jobs by next year. Open Open Tab April 15, 2009 Provides Information Treasurys Remain Down Slightly After Fed's Beige Book Treasurys remained under slight pressure in mid-afternoon trade Wednesday, with their yields rising, after the Federal Reserve scattered signs that the pace of decline in the economy lessened in some regions in April. Yields on 30-year bonds rose 2 basis points to 3.675%, while those on benchmark 10-year notes were unchanged at 2.783%. Open Open Tab April 15, 2009 Provides Information Treasury Says Bank Lending Mostly Flat In February The U.S. Treasury said on Wednesday that the biggest 21 banks in the country that are receiving government funds under the Capital Purchase Program made about as many loans in February as they did in January. Open Open Tab April 15, 2009 Provides Information U.S. to release bank stress data in May Banks had been asked not to share results for fear of market turmoil     April 15, 2009 Provides Information Bank Of England Reverse Gilt Auction Attracts More Sellers Sellers were more in abundance Tuesday as the Bank of England conducted another reverse auction of British government bonds, or gilts, as part of its quantitative easing program. Sellers offered a total of 9.426 billion pounds ($13.9 billion) worth of gilts, with the BOE purchasing just under 3 billion pounds, for a coverage ratio of 3.14 to 1, up from a coverage ratio of 1.87 to 1 in an auction of 3.5 billion pounds worth of gilts last week. Open Open Tab April 14, 2009 Provides Information Downturn Reaches Latin American Banks But despite a tough economy, the region's biggest banks are set to report decent profits this year. Open Open Tab April 14, 2009 Provides Information Goldman Beats, Wants to Use Share Sale to Repay TARP The guarded investment firm Goldman Sachs, now armed with the momentum of first-quarter results that solidly beat the Street’s expectations, may now have the ability to repay its $10 billion in TARP funds and return to its preferred place: out of the public’s spotlight. Open Open Tab April 14, 2009 Provides Information Signs of Economic Recovery Fuel Debate Over Federal Bailout Program Some believe a normal business cycle accounts for the strong profit forecast from Wells Fargo and Goldman Sachs, a drop in unemployment benefit filings and several retailers predicting solid April sales. Open Open Tab April 14, 2009 Provides Information Goldman to Pay Back TARP Warrants; Other Banks Not So Lucky Goldman Sachs on Monday said amid its earnings announcement that it wants to repay bailout money to the government -- and it may be in a better position than many other companies to do so, particularly as regards the warrants for preferred shares. Open Open Tab April 13, 2009 Provides Information Alliance Bank Seeks Standstill After It Stops Debt Payments Alliance Bank , one of Kazakhstan's largest banks, said Monday that it is seeking a three-month standstill agreement with creditors after it stopped paying them because it found $1.1 billion of liabilities on its balance sheet that hadn't been properly recorded. Open Open Tab April 13, 2009 Provides Information Bailed-Out Banks Face Probe Over Fee Hikes Banks bolstered by capital infusions from the government face intensified scrutiny from TARP's oversight committee following complaints about higher interest rates and fees to consumers. Open Open Tab April 13, 2009 Provides Information Bank Dies on Good Friday Regulators closed the eight-branch bank Friday, which had deposits of $403 million and assets of $492 million. The bank’s deposits have been taken on by the Charleston, S.C.-based First Federal Savings and Loan Association of Charleston, which has also promised to purchase $468 million of Cape Fear’s assets. Open Open Tab April 10, 2009 Provides Information Boom Times For Bankers Traditional lending helps Wells Fargo rake it in. Watch out for rising loan defaults. Open Open Tab April 9, 2009 Provides Information Wells Fargo expects record profit US bank Wells Fargo has surprised investors by bucking the recession, saying it expects a record net profit. Open Open Tab April 9, 2009 Provides Information Fed Minutes: Need Asset Buys to Halt Economic Slide The Federal Reserve was looking at no expected recovery this year and higher unemployment as it dramatically increased its intervention in financial markets last month, according to the minutes of its March 17 and 18 meeting released Wednesday.     April 8, 2009 Provides Information Life Insurers Could Get Aid From Treasury Bailout Program The Treasury Department says only life insurers that own banks or saving and loans qualify for assistance. Open Open Tab April 8, 2009 Provides Information Treasurys Mixed, Fed Minutes Show Debate Over Amount To Buy Ten-year note yields fell 3 basis points to 2.87%. Bond strategists had said they were interested in why the Fed opted to surprise markets after the March 18 meeting by saying, months before most expected, it would buy $300 billion in Treasurys in the next six months. Open Open Tab April 8, 2009 Provides Information Treasury says some insurers qualify for TARP The U.S. Treasury said on Wednesday some life insurers have met requirements for government capital investments under an existing rescue plan, and their applications for funds are now being considered. Open Open Tab April 8, 2009 Provides Information RBS to cut a further 9,000 jobs The Royal Bank of Scotland is to shed a further 9,000 jobs, half of them in the UK. Open Open Tab April 7, 2009 Provides Information Treasury Sells $6 Billion In Inflation-linked Debt At 1.589% The Treasury Department sold $6 billion in Treasury Inflation Protected Securities, or TIPS, on Tuesday, at a yield of 1.589%. The sale garnered bids for $2.25 for every dollar available, compared to $2.48 at the last auction of 10-year TIPS in January. Indirect bidders, a class of investors that includes foreign central banks, bought 26.1% of the sale, compared to 47.2% at the last sale. Open Open Tab April 7, 2009 Provides Information Fed Buys $2.5 Billion In Long-term Treasurys The Federal Reserve Bank of New York bought $2.5 billion in Treasurys on Monday, part of a program to improve conditions in private credit markets and spur lending. The debt bought included notes maturing between 2019 and 2026. Open Open Tab April 6, 2009 Provides Information Treasury Loosens Criteria for Toxic Asset Program The Treasury Department relaxes a requirement that companies have at least $10 billion in capital under management in order to participate, and extends an application deadline. Open Open Tab April 6, 2009 Provides Information Bank bailout cost nearly doubles, agency says Congressional Budget Office: Taxpayers will pay $1.67 billion more Open Open Tab April 5, 2009 Provides Information Bank Of America Pays $713 Million In TARP Dividends Bank of America Corp. said Friday its board authorized the payment of $713 million in preferred share dividends to the U.S. Treasury's Troubled Asset Relief Program. In February, the bank paid out $402 million in dividends to the TARP. Open Open Tab April 3, 2009 Provides Information Bernanke: Fed 'Extremely Uncomfortable' About Bailouts In remarks to a Fed conference in North Carolina, Ben Bernanke says the Fed was forced to take action because the collapse of those companies would have dealt a serious blow to the financial system and the broader economy. Open Open Tab April 3, 2009 Provides Information Senate Votes for Transparency of Fed Bailout Recipients The amendment by Vermont Independent Bernie Sanders is nonbinding but calls for future legislation to force the Fed to reveal the names of the entities it has lent money to, how much they've received and what they are doing with the money. Open Open Tab April 2, 2009 Provides Information FDIC Head Says New Borrowing Authority Will Be a Big Help Legislation that would allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion for the agency's deposit insurance fund is likely to be approved shortly after a congressional break that ends April 20, said a key bank regulator on Wednesday. Open Open Tab April 1, 2009 Provides Information Fed Buys $6 Billion In Treasury Securities Dealers submitted $16.95 billion in debt to be purchased. The Fed's next batch of purchases, of debt maturing between 2013 and 2016, will take place on Thursday, as it continues plans to buy $300 billion in Treasury securities over the next six months. Two-year note yields were little changed at 0.81% after the Fed released its results. Open Open Tab April 1, 2009 Provides Information House Passes Bill To Limit Bank Bailout CEO Pay Packages The House on Tuesday approved legislation that would limit payments to executives at financial institutions receiving money from the government's $700 billion financial bailout package. The legislation was approved 236-175. Key Senate leadership has indicated they will study the house bills and contemplate whether they will approve this legislation or something similar. Open Open Tab April 1, 2009 Provides Information TARP Auditor: Taxpayers On the Hook for $3 Trillion So Far Banks that have received federal aid are using the money as they see fit, in some cases providing new loans to customers, retiring debt or buying mortgage-backed securities, a chief investigator told Congress on Tuesday. Open Open Tab April 1, 2009 Provides Information Treasurys Reverse Gains After Fed Buys $6 Billion In U.S. De Treasurys declined Wednesday, reversing earlier gains, after U.S. equities turned higher and the Federal Reserve bought $6 billion in U.S. securities. Ten-year note yields rose 1 basis point to 2.68%. Treasurys gave up the earlier small gains after a pair of economic reports showed manufacturing and pending home sales were a little better than some expected. Open Open Tab April 1, 2009 Provides Information Why some banks returned rescue money TARP money comes with tight restrictions, so some banks are balking Open Open Tab April 1, 2009 Provides Information Bernie Madoff Madoff Sentenced to 150 Years in Prison Historic swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and to victims who demanded harsh punishment. Open Open Tab June 29, 2009 Provides Information U.S. prosecutors seek life term for Madoff Swindler Bernard Madoff should receive a sentence that ensures he will spend the rest of his life in prison for running Wall Street's biggest investment fraud, U.S. prosecutors argued on Friday. Open Open Tab June 26, 2009 Provides Information Pain continues for cash-strapped Madoff victims Bernard Madoff will learn Monday whether he will spend the rest of his life in prison. Open Open Tab June 28, 2009 Provides Information Madoff Lawyer Asks for Leniency Bernard L. Madoff’s lawyer has asked the judge who will sentence the jailed Ponzi scheme mastermind to show leniency. Open Open Tab June 23, 2009 Provides Information Madoff's Little Helpers SEC charges execs of feeder firm and L.A. broker with fraud for funneling investors' money into Ponzi scheme. Open Open Tab June 22, 2009 Provides Information Ex-Billionaire Madoff Victim Seeks Funds From Goldman Stanley Chais, a former billionaire who fell victim to Bernard Madoff’s Ponzi scheme, has written a letter accusing Goldman Sachs (GS: 142.92, 3.38, 2.42%) of failing to comply with agreements to release funds. Open Open Tab June 18, 2009 Provides Information SEC Pores Over How it Missed the Madoff Fraud An investigation by the inspector general of the Securities and Exchange Commission into how the SEC missed Bernie Madoff’s $65 billion ponzi scheme has reached deep into the agency, a new report shows. Open Open Tab June 1, 2009 Provides Information Trustee Announces $235M Settlement With Madoff's Assets The trustee overseeing liquidation of Bernard L. Madoff’s assets announced a $235 million settlement Tuesday with an investment firm that did business with the jailed Ponzi scheme mastermind. Open Open Tab May 26, 2009 Provides Information Court Filing Offers Window Into Madoff's Life of Luxury Convicted fraudster Bernard Madoff turned his investment firm into his personal “piggy bank,” spending millions in client money to bankroll shopping sprees, real estate purchases and country club memberships for his family and close friends. Open Open Tab May 8, 2009 Provides Information Madoff’s Market-Making Firm Sold The remnants of Bernard L. Madoff’s legitimate market-making firm have been sold for an amount that could reach $25.5 million. Open Open Tab April 28, 2009 Provides Information How Bernie Madoff did it Madoff is behind bars and isn't talking. But a Fortune investigation uncovers secrets of his massive swindle. Open Open Tab April 24, 2009 Provides Information More Bidders Emerge for Madoff Trading Firm The court-appointed trustee overseeing the liquidation of Bernard L. Madoff’s assets has received three additional bids for the jailed Ponzi schemer’s shuttered market-making business. Open Open Tab April 23, 2009 Provides Information Progress Is Made in Recovering Madoff Assets Authorities charged with recovering assets from Bernard L. Madoff’s collapsed pyramid scheme were at work on two fronts Monday. Open Open Tab April 20, 2009 Provides Information Merkin Was Warned About Madoff in the Early 1990s Documents released by a judge on Friday related to New York University’s lawsuit against financier J. Ezra Merkin show that Merkin was warned as far back as 1992 that Bernard L. Madoff might not be what he appeared. Open Open Tab April 17, 2009 Provides Information Connecticut Town Sues Madoff to Recoup Pension Fund Losses The town of Fairfield, Conn., on Monday took significant legal strides toward recouping at least some of the $42 million it lost to Bernard L. Madoff’s massive Ponzi scheme. Open Open Tab April 13, 2009 Provides Information Madoff's Mets Tickets Up for Grabs New York Mets season ticket holder Bernard L. Madoff is in jail and won’t be able to make it to the team’s home opener on April 13 at brand new Citi Field. Open Open Tab April 8, 2009 Provides Information Madoff trading division close to being sold About $15 million for a division Madoff valued at $700 million Open Open Tab April 7, 2009 Provides Information Merkin Charged With Fraud for Steering Money Into Madoff's Scheme Financier J. Ezra Merkin was charged Monday with fraud by the New York Attorney General’s Office for his role in steering billions of dollars of investors’ funds into Bernard L. Madoff’s massive Ponzi scheme. Open Open Tab April 6, 2009 Provides Information Best Buy Best Buy Names Brian Dunn Chief Executive Best Buy Co. said Wednesday it officially named Brian Dunn chief executive. Dunn, 49, was also appointed to the board. The 24-year Best Buy veteran was formerly president and chief operating officer. Open Open Tab June 24, 2009 Provides Information Best Buy Reduces UK Retail Plans to 80 Stores Big-box retailer's joint venture with Carphone Warehouse originally called for "a hundred or so" stores in the UK by 2013. Open Open Tab May 13, 2009 Provides Information Best Buy Cut To Sell By Pali Capital Best Buy Co. was cut to sell from neutral by Pali Capital on Tuesday. Analyst Stacey Widlitz said March consumer electronics sales, after showing an improving trend in January and February, were the worst since December. Open Open Tab April 14, 2009 Provides Information Bonds and Treasury Notes Treasury Sells $27 Billion In 7-yr Debt At 3.329% The Treasury Department sold $27 billion in 7-year notes on Thursday at a yield of 3.329%. Bidders offered $2.82 for every dollar of debt sold, compared to an average of $2.29 in the last four sales of the securities. Indirect bidders bought 67.2%, compared to an average of 33.2% of the last four sales. Open Open Tab June 25, 2009 Provides Information Treasury Sells 5-year Notes At 2.70% The Treasury Department sold a record $37 billion in 5-year notes on Wednesday at a yield of 2.70%. Bidders offered $2.58 for every dollar of debt being sold, compared to the average of $2.19 at the last four sales. Indirect bidders, a class of investors that includes foreign central banks, bought 62.8%, compared to an average of 38.5%. Analysts are closely watched the government's three sales this week for signals of whether investors are still willing to buy U.S. debt. Open Open Tab June 24, 2009 Provides Information Capital One Selling $1.5 Billion In Bonds Capital One Financial is expected to sell $1.5 billion in bonds on Thursday, according to Informa Global Markets. The bank holding company is selling 10-year notes, which may price at 5 percentage points above benchmark Treasurys of the same maturity . Open Open Tab June 18, 2009 Provides Information Treasury To Sell $104 Billion In Notes Next Week The Treasury Department said Thursday it plans to sell $104 billion in short- and medium-term debt next week. It will auction $40 billion 2-year notes on Tuesday and $37 billion in 5-year notes the following day. Finally, $27 billion in 7-year notes will end the note auctions on Thursday. Open Open Tab June 18, 2009 Provides Information Fed Buys $7 Billion In Treasurys The Federal Reserve Bank of New York bought $7 billion in Treasurys maturing between 2016 and 2019 on Wednesday, the last of two operations this week. Dealers offered $26.2 billion to be purchased. Traders expected the central bank to buy between $6.5 billion and $7 billion, in line with past purchases in this maturity range. Open Open Tab June 17, 2009 Provides Information Freddie Mac Prices New Five-year Reference Notes Freddie Mac said Wednesday it priced $3 billion in five-year Reference Notes at a yield of 3.054%. The issue priced at 99.743, or 41.3 basis points more than five-year U.S. Treasury notes. Open Open Tab June 17, 2009 Provides Information Fed Buys $6.45 Billion In Treasurys The Federal Reserve Bank of New York bought $6.45 billion in Treasurys maturing between 2012 and 2103 on Tuesday, the first of two operations this week. Dealers offered $31.316 billion to be purchased. Open Open Tab June 16, 2009 Provides Information Treasury Sells 30-year Bonds At 4.72% The Treasury Department sold $11 billion in 30-year notes on Thursday to yield 4.72%. The auction is a reopening, meaning the debt sold will mature on the same date and carry the same coupon as the previous sale. Open Open Tab June 11, 2009 Provides Information Fed Buys $3.5 Billion In Treasurys The Federal Reserve Bank of New York bought $3.5 billion in Treasurys maturing between 2019 and 2026 on Wednesday, the second operation this week and the latest in the central bank's attempts to keep a lid on borrowing costs and spur economic activity. Dealers offered $10.979 billion to be purchased. Open Open Tab June 10, 2009 Provides Information Treasury Sells $40 Billion In 2-year Notes At 0.94 The Treasury Department sold $40 billion in 2-year notes on Tuesday to yield 0.940%, marking the first of three large note auctions this week totaling $101 billion. Open Open Tab May 26, 2009 Provides Information Fed Buys $1.55 Billion In Treasurys The Federal Reserve Bank of New York bought $1.55 billion in Treasury Inflation Protected Securities maturing between 2010 and 2032 on Tuesday, the latest in the central bank's program to keep borrowing costs lower and spur economic activity. Open Open Tab May 26, 2009 Provides Information Fed Buys $7.699 Billion In Treasurys The Federal Reserve Bank of New York bought $7.699 billion in Treasurys maturing between 2016 and 2019 on Wednesday, the latest in the central bank's program to keep borrowing costs lower and spur economic activity. Open Open Tab May 20, 2009 Provides Information State Street Prices $500 Mln In Notes State Street expects proceeds of $498 million from the offering of 4.30% senior notes due May 30, 2014. Open Open Tab May 19, 2009 Provides Information Fed Buys $2.975 Billion In Treasurys The Federal Reserve Bank of New York bought $2.975 billion in Treasurys maturing between 2010 and 2011 on Thursday. Open Open Tab May 14, 2009 Provides Information Fed Buys $6 Billion In Treasurys The Federal Reserve Bank of New York bought $6.007 billion in Treasurys maturing between 2012 and 2013 on Tuesday. Open Open Tab May 12, 2009 Provides Information Fed Buys $3.51 Billion In Treasurys The Federal Reserve Bank of New York bought $3.51 billion in Treasurys maturing between 2026 and 2039 on Monday. Open Open Tab May 11, 2009 Provides Information Congress Considers Federal Insurance on Muni Bonds Congressional Democrats are working on measures to offer government insurance for municipal bonds and may introduce a bill as early as next week, people familiar with the situation tell FOX Business. Open Open Tab May 8, 2009 Provides Information Fed Buys $6.95 Billion In Treasurys The Federal Reserve Bank of New York bought $6.948 billion in Treasurys on Wednesday, part of its program aimed at improving conditions in private credit markets and spurring lending. The debt bought included notes maturing between 2011 and 2012. Open Open Tab May 6, 2009 Provides Information Fed Buys $8.5 Billion In Treasurys The Federal Reserve Bank of New York bought $8.5 billion in Treasurys on Monday, its biggest purchase to date under its program aimed at improving conditions in private credit markets and spurring lending. The debt bought included notes maturing between 2016 and 2019. Open Open Tab May 4, 2009 Provides Information Treasurys Slip After Housing Data Treasury prices headed lower Monday, as a private group said pending home sales rose 3.2% in March, higher than some analysts expected and buoying hopes that the housing downturn may be ending. Open Open Tab May 4, 2009 Provides Information Treasury Sells 7-year Notes At 2.630% The Treasury Department sold $26 billion in 7-year securities on Wednesday to yield 2.630%. The government began reissuing 7-year notes in February, after a 16-year hiatus. Open Open Tab April 29, 2009 Provides Information Fed Bought $7.025 Billion In Short-term Treasurys The Federal Reserve Bank of New York bought $7.025 billion in Treasurys maturing in 2013 and 2016 on Monday, its latest operation to support the bond market and keep yields low to encourage borrowing. Dealers submitted $23.39 billion to be purchased. Open Open Tab April 27, 2009 Provides Information Treasury To Sell $361 Billion In Current Quarter The U.S. Treasury Department said Monday it expects to issue $361 billion in debt in its second quarter, almost double what it estimated three months ago. The increase is due to continued financing for the Federal Reserve's multiple programs to ease strains in the credit markets, government spending to spur economic growth, and lower tax receipts. Open Open Tab April 27, 2009 Provides Information Fed Bought $7 Billion In Short-term Treasurys The Federal Reserve Bank of New York bought $7 billion in Treasurys maturing in 2012 and 2013 on Thursday, its latest operation to support the bond market and keep yields low to encourage borrowing. Dealers submitted $15.99 billion to be purchased. Open Open Tab April 23, 2009 Provides Information Treasury To Sell $101 Billion In Bonds Next Week   Open Open Tab April 23, 2009 Provides Information J.P. Morgan Sells First Bonds With No U.S. Aid Since June J.P. Morgan Chase & Co. on Thursday sold $3 billion in 10-year senior notes with no guarantee from the FDIC, the first time since June that the banking company has issued dollar-denominated bonds without backing from a government program designed to help banks sell their debt. Open Open Tab April 16, 2009 Provides Information Fed Buys $7 Billion In Treasurys The Federal Reserve Bank of New York bought $7 billion in Treasurys on Tuesday, part of a program aimed at improving conditions in private credit markets and spurring lending. The debt bought included notes maturing between 2016 and 2019. Open Open Tab April 21, 2009 Provides Information Fed Buys $7.3 Billion In Treasury Bonds The Federal Reserve Bank of New York bought $7.3 billion in Treasurys on Tuesday, part of a program to improve conditions in private credit markets and spur lending. The debt bought included notes maturing between 2013 and 2016. Open Open Tab April 14, 2009 Provides Information Fed Buys $7.37 Billion In Treasurys The Federal Reserve Bank of New York bought $7.37 billion in Treasurys on Monday, part of a program to improve conditions in private credit markets and spur lending. The debt bought included notes maturing between 2011 and 2012. Dealers submitted $26.6 billion in debt to be purchased. Open Open Tab April 13, 2009 Provides Information Treasury Sells $18 Billion In 10-year Notes At 2.950% The Treasury Department sold $18 billion in 10-year notes on Thursday at a yield of 2.950%. The sale garnered bids for $2.49 for every dollar available, compared to an average of $2.39 at the last five reopenings of 10-year notes , meaning the debt sold carries the same coupon and maturity as the original bonds, in this case issued in February. Open Open Tab April 9, 2009 Provides Information Fed Buys $2.9 Billion In Treasurys Dealers submitted $31.3 billion in debt to be purchased. The Fed will continue its buybacks next week, heading towards purchasing $300 billion in Treasury securities over the next six months. Two-year note yields were little changed at 0.92%. Open Open Tab April 8, 2009 Provides Information Treasury Sells $35 Billion In 3-year Notes At 1.385% The Treasury Department sold a record amount of $35 billion in 3-year notes on Wednesday at a yield of 1.385%. The sale garnered bids for $2.42 for every dollar available, compared to an average of $2.32 at the last four monthly auctions. Indirect bidders, a class of investors that includes foreign central banks, bought 38.5% of the sale, compared to 37.1% on average in the last four sales. Open Open Tab April 8, 2009 Provides Information Buyouts - Take Overs - Mergers - Sales Barclays Accepts BlackRock Bid For BGI British banking giant Barclays on Tuesday said its board has accepted BlackRock Inc.'s $13.5 billion offer to buy Barclays Global Investors. Barclays plans to recommend the transaction for shareholder approval at a general meeting to be held in early August. Open Open Tab June 16, 2009 Provides Information EMC Offers $1.8 Billion For Data Domain EMC Corp. on Monday offered $1.8 billion to acquire Data Domain Inc. , trumping a May 20 offer by NetApp Inc. of $1.5 billion for the backup and disaster recovery systems company. Open Open Tab June 1, 2009 Provides Information Dow Chemical To Sell $935 Mln In Assets Dow Chemical Co. said Wednesday it agreed to sell its calcium chloride business, and its joint-venture interest in Total Raffinaderij Nederland N.V., for about $935 million. Open Open Tab May 20, 2009 Provides Information Morgan Stanley Selling Remaining Stake In MSCI Morgan Stanley said late Monday that it's selling its remaining stake in index firm MSCI Inc.. Open Open Tab May 18, 2009 Provides Information AT&T to buy territories from Verizon for $2.35B AT&T Inc. said Friday it will buy the assets of Verizon Wireless in 79 mainly rural areas for $2.35 billion, a deal that will affect more than 1 million subscribers. Open Open Tab May 11, 2009 Provides Information Disney Joins Hulu As Equity Partner Walt Disney Co. has taken a stake in the increasingly popular streaming video Web site Hulu, and will make full-length episodes of such shows as "Lost," "Grey's Anatomy," and "Desperate Housewives" available for ad-supported viewing, the company said Thursday. Open Open Tab April 30, 2009 Provides Information Time Warner may or may not spin off AOL, says SEC filing Despite reports this morning linking to more reports saying Time Warner said something, a review of the English language indicates otherwise. Open Open Tab April 30, 2009 Provides Information Can a Merger Make You Recession-Proof? Mergers cut expenses and expand potential clientele, which is just what many integrators need right now. Open Open Tab April 22, 2009 Provides Information AIG selling car insurance unit for $1.9 billion Sale to Zurich Financial is part of massive restructuring of bailed-out giant Open Open Tab April 16, 2009 Provides Information Total Raises Offer For UTS Energy To C$1.75 Cash Per Share Total E&P Canada Ltd., a wholly-owned subsidiary of French oil giant Total S.A. , said Monday that it has increased its offer to acquire all of UTS Energy Corp. , a Canadian oil sands company, from C$1.30 cash per share to C$1.75 cash per share. Open Open Tab April 13, 2009 Provides Information Ariel Raises Gannett Stake To 12.5% The shares were worth about $82.1 million based on Thursday's opening price of $2.85. The stock rose $1.06, or 40%, to close at $3.75 on Thursday. Gannett is the largest U.S. newspaper publisher. It also owns more than 20 television stations. Open Open Tab April 9, 2009 Provides Information Credit Cards American Express Card Write-offs Hold Steady American Express Co. in a filing Monday said its credit-card business saw net write-offs fall slightly in May to 10.3% from 10.4% the previous month. The company said during May, it sold to third parties certain cardmember loans that had been previously written off. Open Open Tab June 15, 2009 Provides Information Weak security enables credit card hacks Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers. Open Open Tab June 14, 2009 Provides Information Consumer borrowing plunges by $15.7B in April Borrowing by consumers fell by $15.7 billion in April as U.S. households continued to trim spending and put away their credit cards amid a severe recession. Open Open Tab June 5, 2009 Provides Information American Express Delinquencies Stabilizing:CEO American Express Chief Executive Kenneth Chenault said Wednesday that the firm's card delinquencies are stabilizing in the second quarter, and that he expects less consumer demand for lending when the current credit crisis passes. Open Open Tab June 3, 2009 Provides Information Deducting Credit Card Theft Loss My credit cards were stolen. I lost $14,841. Can I claim it as a deduction for income tax?     June 3, 2009 Provides Information JP Morgan Moving To Visa From MasterCard MasterCard Inc. will lose half of its $59 billion U.S. debit-card portfolio as J.P. Morgan Chase & Co. seeks to shift more business to Visa Inc. , Bloomberg News reported Friday on its Web site, citing two sources familiar with the plans. Open Open Tab May 22, 2009 Provides Information Obama Set to Approve New Rules for Credit Cards President plans to sign on Friday an overhaul of credit card regulations that he blames in part for the economic downturn. Open Open Tab May 22, 2009 Provides Information Obama to Sign U.S. Credit Card Crackdown Into Law President Barack Obama was expected to sign into law Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday.     May 20, 2009 Provides Information Senate Passes Credit-Card Reform Bill by Vote of 90-5 Credit card reform legislation aimed at protecting consumers passed overwhelmingly in the Senate on Tuesday. Open Open Tab May 19, 2009 Provides Information Obama continues push for credit card bill President Barack Obama says changing the way credit card companies bill customers is critical to fixing the nation's ailing economy. Open Open Tab May 14, 2009 Provides Information Senators Reach Bipartisan Deal On Credit-card Bill Senate leaders have reached a bipartisan compromise on credit-card-reform legislation that the full chamber could vote on this week. Open Open Tab May 11, 2009 Provides Information Obama Pushes Congress to Send Credit Card Legislation by Memorial Day President says consumers have a right to not get ripped off by the sudden rate hikes, unfair penalties and hidden fees that have become all-too common Open Open Tab May 9, 2009 Provides Information DARPA to develop anti-Credit Crunch software Ain't no more horses gettin' outa that stable Open Open Tab May 7, 2009 Provides Information Card Unit Most Stressed At J.P. Morgan: CEO Dimon J.P. Morgan Chase Chief Executive Jamie Dimon said Monday that the firm's credit card operations are its most stressed business. Open Open Tab May 4, 2009 Provides Information Fed Asked To OK Emergency Credit-card Rate Freeze Two leading Democratic senators asked federal regulators on Thursday to implement an emergency freeze on credit-card interest rates for existing balances. Open Open Tab April 23, 2009 Provides Information Obama hosting credit-card CEOs, pledges new rules President Barack Obama is pushing to rein in costs for millions of Americans who use credit cards, an appeal to consumers as many struggle to pay their bills. Open Open Tab April 23, 2009 Provides Information Credit card bill tests Democrats' political will A Congressional panel is expected to approve legislation on Wednesday that would curb high credit card fees and penalties assessed by many banks that have benefited from the federal government's financial bailout program. Open Open Tab April 22, 2009 Provides Information Credit Card Industry Called to White House Meeting Concern about credit-card lending practices has led to plans by the Obama Administration for a meeting next Thursday, April 23, with top industry executives. Open Open Tab April 16, 2009 Provides Information Credit-card Stocks Getting Ahead Of Themselves: Stifel Analysts at Stifel Nicolaus on Tuesday cut their ratings on a trio of credit-card stocks, saying the recent rally has been overdone and that the shares are overvalued. Stifel downgraded shares of American Express Co. to sell, while Capital One Financial Corp. and Discover Financial Services were lowered to hold. Open Open Tab April 14, 2009 Provides Information Credit-card Debt Shrinks At Fastest Pace In 31 Years Total outstanding consumer credit, including both revolving and nonrevolving credit, fell at a 3.5% annual rate, or $7.5 billion to a seasonally adjusted $2.56 trillion, the Fed said. Credit expanded by a revised $8.1 billion, or 3.8%, in January. Open Open Tab April 7, 2009 Provides Information Credit Card Rules Moving Forward In Congress A House panel moved Thursday to provide credit card holders with more relief from abusive rate and billing practices. Open Open Tab April 2, 2009 Provides Information Credit Markets Bernanke sees 'tentative signs' of improvement But Fed chief warns any lasting recovery depends on easing credit clog Open Open Tab April 14, 2009 Provides Information Credit Rating Fitch Downgrades California To A-minus Fitch Ratings downgraded the California's general obligation credit rating on Thursday to A-minus from A, based on the magnitude of the state's financial challenges and persistent weakening economy. The state's finances will continue to be strained through fiscal year 2010 and beyond regardless of any likely outcome to the current budget impasse, Fitch analysts said in a report. Open Open Tab June 25, 2009 Provides Information U.S. credit rating a "solid triple-A": Moody's Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory. Open Open Tab June 23, 2009 Provides Information Moody's May Downgrade California 'A2' Rating Moody's Investors Service said Friday it may downgrade California's debt ratings because of the state's ongoing budget crisis. Moody's has an 'A2' general obligation rating on the state. Open Open Tab June 19, 2009 Provides Information S&P Downgrades E-Trade Rating Further Into Junk Standard & Poor's said Friday it downgraded E-Trade Financial Corp. further into junk territory because of a recently announced $400 million common equity offering and a debt exchange for two issues of long-term debt. S&P lowered E-Trade's long-term counterparty credit rating to CC from CCC-. Open Open Tab June 19, 2009 Provides Information S&P Downgrades Daimler On Auto-market Weakness Standard & Poor's said Thursday it cut the long-term corporate credit rating on Daimler AG because of eroding sales. S&P downgraded Daimler's long-term corporate credit rating to BBB+ from A-, but affirmed the A-2 short-term rating. The outlook is negative. Open Open Tab June 18, 2009 Provides Information Moody's May Downgrade Sotheby's Ratings Moody's Investors Service on Wednesday placed Sotheby's long-term ratings on review for possible downgrade, including its corporate family rating of Ba2. Open Open Tab June 17, 2009 Provides Information ConAgra Downgraded At Citigroup ConAgra Foods Inc. , one of the biggest stock gainers in the food sector this year, was downgraded Monday at Citigroup. ConAgra shares fell 4% to $18.62 in midmorning trading. Analyst David Driscoll cut the stock to hold from buy due to the recent explosion at ConAgra's North Carolina plant that makes Slim Jim. Open Open Tab June 15, 2009 Provides Information Moody's May Downgrade UBS Moody's Investors Service on Monday placed UBS Ag's long-term debt and deposit ratings on review for possible downgrade. Moody's also placed UBS' B- bank financial strength rating on review but affirmed its Prime-1 rating on the financial firm's short-term obligations. Open Open Tab June 15, 2009 Provides Information S&P Raises Lincoln National's Outlook To Stable Standard & Poor's Ratings Services on Monday raised its outlook on Lincoln National Corp. and its insurance operations to stable from negative. Open Open Tab June 15, 2009 Provides Information S&P Cuts BlackRock Rating On Barclays Deal Standard & Poor's said Friday it lowered its ratings on BlackRock Inc. following the firm's announced purchase of Barclays Global Investors for $13.5 billion in cash and stock. S&P cut BlackRock's counterparty credit rating to A+/A-1 from AA-/A-1+. Open Open Tab June 12, 2009 Provides Information S&P Lowers CIT Group Rating, May Cut Further Standard & Poor's said Friday it lowered the counterparty credit rating of CIT Group Inc. to BB-/B from BBB-/A-3, and may downgrade it further. S&P also lowered CIT's hybrid capital instruments rating to CCC+ from B+. Open Open Tab June 12, 2009 Provides Information Moody's Upgrades GMAC To 'Ca' Moody's Investors Service on Wednesday raised GMAC LLC's senior unsecured rating to Ca from C and placed its ratings on review for further possible upgrade. Open Open Tab June 10, 2009 Provides Information Moody's Revises Coca-Cola's Outlook To Stable Moody's on Monday changed the outlook for Coca-Cola Co. and its guaranteed subsidiaries to stable from negative and affirmed its Aa3 rating. Moody's noted the revision reflects the relative stability of the company's results and credit metrics over the last several years and through the current turbulent economic period. Open Open Tab June 8, 2009 Provides Information S&P Puts Latvia's Ratings On Negative Credit Watch Standard & Poor's placed Latvia's BB+ long-term rating on credit watch with negative implications on Monday, citing increased pressure on the sovereign's currency in the near term. Open Open Tab June 8, 2009 Provides Information S&P Cuts CBS Corp. Rating On Revenue Weakness Standard & Poor's said Friday it downgraded CBS Corp.'s corporate credit rating to BBB- from BBB. The rating outlook is negative. "The ratings downgrade is based on our concern that the company's efforts thus far to rein in leverage through cost and dividend reductions have been more than offset by revenue weakness," said Heather Goodchild, an S&P credit analyst, in a statement. Open Open Tab June 5, 2009 Provides Information S&P May Upgrade Rio Tinto On Rights Issue Standard & Poor's said Friday it may upgrade its rating on mining giant Rio Tinto PLC because it decided to pursue a $15 billion rights issue rather than sell an 18% stake to state-owneed Aluminum Corp. of China. S&P has BBB corporate credit and debt ratings on Rio Tinto. Open Open Tab June 5, 2009 Provides Information RUSNANO Gets International Credit Rating At RUSNANO's request, Standard & Poor’s has issued international credit ratings for the Corporation. The Agency's Rating Service assigned a long-term BB+ credit rating, a ruAA+ Russian scale rating, and stated that the outlook is negative. Such a forecast for RUSNANO’s ratings reflects the outlook on Russia’s* sovereign rating and will depend on its dynamics in the future. Open Open Tab June 4, 2009 Provides Information Some Debts Stain Credit Report for Years We went through bankruptcy, and we were told that items that were co-signed by my mom would no longer be in my name, just hers. Open Open Tab June 2, 2009 Provides Information Moody's Affirms US 'AAA' Rating Despite Rising Debt Moody's Investors Service on Wednesday affirmed the AAA credit rating of the United States, assuaging fears about U.S. creditworthiness that have been creeping up in financial markets. Open Open Tab May 27, 2009 Provides Information Fitch Cuts McClatchy To 'C' On Debt Exchange Offer Fitch Ratings on Thursday downgraded McClatchy Co.'s issuer default rating to C from CCC following the announcement of its debt exchange offer for $1.15 billion of unsecured debt. Open Open Tab May 21, 2009 Provides Information UK risks losing AAA rating Britain risks losing its precious triple-A credit rating because of the danger that government debt may soar close to 100 percent of GDP, and uncertainty over policy before an election due by next year. Open Open Tab May 21, 2009 Provides Information Fitch Ups Boston Scientific Outlook On Improvement Fitch Ratings said Tuesday that it raised its ratings outlook on heart devices maker Boston Scientific Corp. to positive from stable because of success in improving its core businesses. Open Open Tab May 19, 2009 Provides Information Moody's Raises Outlook For Teva, Mylan Moody's Investors Service on Monday raised the ratings outlook of both Teva Pharmaceuticals Industries Ltd. and Mylan Laboratories Inc. to positive from stable because of strong performance from the makers of generic drugs. Open Open Tab May 18, 2009 Provides Information Fitch Lowers Ratings On AIG, Subsidiaries Fitch Ratings said Friday it downgraded several American International Group Inc. ratings because of the firm's financial difficulties. Open Open Tab May 15, 2009 Provides Information Fitch May Downgrade Nine U.S. Banks Fitch Ratings on Friday placed nine U.S. banks on Rating Watch Negative: BB&T Corp. , Discover Financial Services , Fifth Third Bancorp , KeyCorp , M&T Bank Corp. , Popular Inc. , Regions Financial Corp. , SunTrust Banks Inc. and Wells Fargo & Co. . Open Open Tab May 15, 2009 Provides Information Moody's Ups Wells Fargo's Preferred Stock Rating Moody's Investors Service on Thursday upgraded Wells Fargo & Co.'s preferred stock rating to Ba3 from B2 and raised the bank financial strength rating on Wells Fargo's subsidiaries to C- from D+. Open Open Tab May 14, 2009 Provides Information Fitch Upgrades MGM To 'CCC'; S&P May Upgrade Fitch Ratings said Wednesday it upgraded MGM Mirage's issuer default rating to CCC from C because the casino operator amended its credit facility and plans to raise capital. Separately, Standard & Poor's said that it may upgrade its CCC rating of MGM. Open Open Tab May 13, 2009 Provides Information Moody's Cuts Starbucks Rating To 'Baa3' Moody's Investors Service on Wednesday lowered the rating on Starbucks Corp.'s $550 million senior unsecured notes to Baa3 from Baa2 and its short-term commercial paper rating to Prime-3 from Prime-2. Open Open Tab May 13, 2009 Provides Information Moody's May Cut Leggett & Platt's Rating Moody's Investors Service on Tuesday placed Leggett & Platt's A3 long-term debt rating on review for possible downgrade due to the ongoing deterioration in consumer spending. Open Open Tab May 12, 2009 Provides Information S&P Lowers Outlook On Mexico To Negative Standard & Poor's Ratings Services said late Monday it has revised its outlook on Mexico to negative from stable, citing deterioration of the country's fiscal and external positions. Open Open Tab May 11, 2009 Provides Information S&P Cuts British Airways To 'BB' On Weak Outlook Standard & Poor's Ratings Services on Friday lowered British Airways PLC's long-term corporate credit rating to BB from BB+ due to expectations of a significant worsening in the trading outlook for the British airline. Open Open Tab May 8, 2009 Provides Information Fitch Removes Northern Trust From Rating Watch Fitch Ratings on Tuesday removed the issuer default rating of Northern Trust Corp. from rating watch negative. Northern Trust "has raised sufficient sources of cash at the parent to provide a high level of financial flexibility to meet expected needs and allow for unexpected events," Fitch said in a statement. Open Open Tab April 28, 2009 Provides Information Fitch, S&P Downgrade CIT Group Fitch Ratings and Standard & Poor's downgraded CIT Group Inc. on Friday because of weakening asset quality and poor earnings. Open Open Tab April 24, 2009 Provides Information Moody's Downgrades American Express On Revenue Moody's Investors Service downgraded the long-term and short-term ratings of American Express Co. because of weaker revenue trends. Open Open Tab April 24, 2009 Provides Information Ford Shares Rally On Goldman Upgrade Ford Motor Co. shares jumped more than 12% to $4.26 on Wednesday after Goldman Sachs upgraded the stock to buy from neutral with a price target of $6 a share. Open Open Tab April 22, 2009 Provides Information Fifth Third Shares Hit By Downgrade, Fine Despite a higher open Tuesday, volatile shares of Fifth Third Bancorp traded sharply to the downside after the company was hit by a regulatory fine as well as a downgrade from Moody's Investors Service. The Financial Industry Regulatory Authority on Tuesday said it fined Fifth Third $1.75 million for violations related to variable annuity sales and exchanges. Open Open Tab April 14, 2009 Provides Information Moody's Cuts SocGen's Bank Financial Strength Rating Moody's Investor Services on Tuesday lowered Societe Generale's bank financial strength rating to C+ from B- and affirmed its long-term debt and deposit ratings at Aa2. The downgrade of Societe Generale's bank financial strength rating reflects the reduction of the bank's operating efficiency and the volatility of its reported net profitability in line with market fluctuations. Open Open Tab April 14, 2009 Provides Information S&P Cuts Alliance Bank's Ratings To Selective Default Standard & Poor's Ratings Services lowered on Tuesday its long- and short-term counterparty credit ratings on Kazakhstan-based Alliance Bank JSC to selective default (SD: 8.53, 0.03, 0.35%) from CC/C after the bank failed to make a payment on one of its financial obligations. Open Open Tab April 14, 2009 Provides Information S&P Raises Sirius XM Ratings On Near-term Liquidity Standard & Poor's said late Tuesday it raised its corporate credit rating on Sirius XM Radio Inc. and XM Satellite Radio Holdings Inc. to CCC+ from CCC. Open Open Tab April 14, 2009 Provides Information Limited, Abercrombie Lead Sector Drops Limited Brands Inc. and Abercrombie & Fitch Co. both declined Monday after their stocks were downgraded, leading drops in the retail sector. The S&P retail index fell 1% to 325.49. Open Open Tab April 13, 2009 Provides Information Moody's Downgrades Ambac On Risk, Increased Loss Estimates Moody's Investors Service said late Monday it downgraded the insurance financial strength ratings of Ambac Inc.'s Ambac Assurance Corp. and Ambac Assurance UK Ltd. to junk status. Moody's cut the ratings to Ba3 from Baa1. Open Open Tab April 13, 2009 Provides Information S&P Raises Credit Rating on Ford The rating agency Standard & Poor’s raised the credit rating of Ford Motor Co. (F: 4.26, 0.04, 0.95%) by one notch on Monday, saying that the company’s credit profile, while still very risky, was better than its nearly-bankrupt competitors. Open Open Tab April 13, 2009 Provides Information S&P May Downgrade Boeing On Curbed Production, Charge Standard & Poor's said Friday it may downgrade its ratings on Boeing Co. and its financing arm Boeing Capital Corp. after the aircraft maker said it would curb production on some commercial jets and take a hefty first-quarter charge. Open Open Tab April 10, 2009 Provides Information S&P Downgrades Rating On GM Credit Facility Standard & Poor's Ratings said Friday it lowered its issue-level rating on General Motors Corp.'s $4.5 billion senior secured revolving credit facility to CCC- from CCC. GM's corporate credit rating remains unchanged at CC on the likelihood that the automaker will default through a bankruptcy or a distressed debt exchange, S&P said. Open Open Tab April 10, 2009 Provides Information Fitch Downgrades Ireland's AAA Rating On Fiscal Risk Fitch Ratings on Wednesday downgraded Ireland's sovereign rating to AA+ from AAA because the country's public finances and fiscal risk outlook no longer support the top rating. Open Open Tab April 8, 2009 Provides Information Moody's Cuts Berkshire Hathaway's Aaa Rating Moody's Investors Service said late Wednesday that it cut the Aaa rating of Berkshire Hathaway because falling equity markets and a prolonged recession have dented the company's capital. The rating agency downgraded the long-term issuer rating of Berkshire to Aa2 from Aaa. Open Open Tab April 8, 2009 Provides Information Moody's Downgrades Dynegy On Projected Lower Power Prices Moody's Investors Service downgraded on Wednesday the long-term ratings of Dynegy Holdings Inc. on projected lower power prices affecting credit metrics. Moody's cut the corporate family and probability of default ratings of the electricity utility to B2 from B1. Open Open Tab April 8, 2009 Provides Information Moody's Downgrades Mizuho On Tier I Pressure Moody's Investors Service said Wednesday it downgraded Japan's Mizuho Financial Group Inc. and its units because the bank's Tier I capital ratio could come under short- to medium-term pressure. Open Open Tab April 8, 2009 Provides Information Moody's Downgrades R.R. Donnelley On Weak Sector Moody's Investors Service on Wednesday downgraded R.R. Donnelley & Sons Co.'s on poor industry fundamentals. Moody's cut the senior unsecured debt ratings of the business services provider to Baa3 from Baa2, and downgraded its commercial paper rating to Prime-3 from Prime-2. Open Open Tab April 8, 2009 Provides Information Moody's May Downgrade Centex, Pulte Ratings On Merger Moody's Investors Service on Wednesday placed the ratings of both Pulte Homes Inc. and Centex Corp. under review for possible downgrade after the companies announced a merger agreement. The all-stock deal would create the nation's largest home builder. Open Open Tab April 8, 2009 Provides Information Fitch Cuts Rating On Seagate Technology Fitch Ratings on Tuesday cut its rating on Seagate Technology to BB from BB+. Fitch said it made the move due to what it sees as declining demand for hard-disk drives, especially those used in personal computers. Fitch said the worldwide economic slowdown is at the root of the weakness in hard-disk drive sales, and it expects demand to remain weak throughout 2009. Seagate shares fell 20 cents, or 3%, to $6.21. Open Open Tab April 7, 2009 Provides Information S P Cuts CBS Short-term Ratings, May Cut Long-term Ratings Standard   Poor's said Monday it may downgrade the long-term ratings of CBS Corp. and cut short-term ratings because of expected weakness in advertising revenue. S&P has a BBB corporate credit rating on CBS. Open Open Tab April 6, 2009 Provides Information S P Cuts Ford Corporate Rating To Selective Default Standard   Poor's on Monday cut the corporate credit rating of Ford Motor Co. to SD, or selective default, following the completion of tender offers for the auto maker's debt. S&P said it expects to issue a new corporate credit rating by mid-April after an assessment of the company's new capital structure and liquidity profile. Open Open Tab April 6, 2009 Provides Information S P Puts Sun Micro Ratings On 'watch Developing' Status Standard   Poor's Ratings Service on Monday placed its ratings on Sun Microsystems Inc. on creditwatch with developing implications, indicating the possibility of an upward or downward rating movement. S&P said the move follows reports that talks about a $7 billion merger with International Business Machines have broken down. Open Open Tab April 6, 2009 Provides Information Lazard Downgrades Amylin To Hold On FDA Concerns Analysts at Lazard Capital Markets lowered their rating of Amylin Pharmaceuticals on Friday to hold from buy, citing concerns that the company's drug candidate exenatide LAR might run into the same regulatory approval snags as Novo Nordisk A/S' liraglutide. Open Open Tab April 3, 2009 Provides Information Honeywell Upgraded To Buy At Standard   Poor's Equity Honeywell International Inc. is oversold and poised to benefit from the eventual upturn in the economy, which appears ever closer amid new signs of business stability in the U.S., according to a Thursday research note from Standard   Poor's Equity. Open Open Tab April 2, 2009 Provides Information Moody's Downgrades J.C. Penney On Retail Challenges Moody's Investors Service on Wednesday downgraded J.C. Penney Co. on challenges to the retail sector. Moody's cut J.C. Penney's senior unsecured notes to Ba1 from Baa3 and assigned a Baa1 to a proposed senior secured revolving credit facility due April 2012. Open Open Tab April 1, 2009 Provides Information Moody's Downgrades Macy's On Retail, Credit Woes Moody's Investors Service said Wednesday it downgraded Macy's Inc. because of deteriorating credit and retail challenges. Moody's cut Macy's senior unsecured note rating to Ba2 from Baa3, and assigned a corporate family rating of Ba2. Open Open Tab April 1, 2009 Provides Information Dividends General Mills Hikes Quarterly Dividend To 47 Cents General Mills' board on Monday raised the quarterly dividend by 4 cents to 47 cents, bringing the annualized dividend rate to $1.88. The dividend will be paid Aug. 3 to shareholders of record on July 10. Open Open Tab June 29, 2009 Provides Information PetSmart Board Ups Dividend, OKs $350 Mln Buyback PetSmart Inc. said late Tuesday its board raised the quarterly dividend and authorized a share buyback program. The pet supplies retailer said the board raised the quarterly dividend to 10 cents from 3 cents. The dividend is payable Aug. 14 to shareholders of record as of July 31. Open Open Tab June 23, 2009 Provides Information GE Declares Quarterly Dividend Of 10 Cents General Electric's board on Friday authorized a quarterly dividend of 10 cents, unchanged from the previous quarter. The dividend will be paid July 27 to shareholders of record at the close of business on June 22. Open Open Tab June 12, 2009 Provides Information Vulcan Materials Cuts Dividend To 25 Cents Vulcan Materials Co. said Wednesday it is cutting its third-quarter dividend to 25 cents from 49 cents. It will also offer 11.5 million common shares in a public offering. Open Open Tab June 10, 2009 Provides Information ACE Ltd. To Hike Annual Dividend By 7% ACE Ltd. said Wednesday that shareholders voted to raise the annual dividend 7% to $1.24 from $1.16. The first quarterly dividend of 31 cents is payable Aug. 10 to shareholders of record as of July 28. Open Open Tab May 20, 2009 Provides Information Airgas Increases Quarterly Dividend 13% Airgas Inc. said late Tuesday that its board increased the quarterly cash dividend 13% to 18 cents from 16 cents. Open Open Tab May 19, 2009 Provides Information Wells Fargo Declares Dividends On Preferred Stock Wells Fargo & Co. on Friday declared dividends on two series of preferred stock. It declared a quarterly cash dividend of $20 on its 8.00% non-cumulative perpetual class A preferred stock, Series J. Open Open Tab May 15, 2009 Provides Information PepsiCo Board Hikes Dividend By 6% PepsiCo Inc. said late Tuesday its board increased the company's dividend 6%. The hike increases Pepsi's annual dividend to $1.80 from $1.70. The new quarterly dividend of 45 cents is payable June 30 to shareholders of record as of June 5. Open Open Tab May 5, 2009 Provides Information Westpac Says Net Income Slips, Cuts Dividend Westpac Banking Corp. said net income for the six months ended March 31 came in at A$2.175 billion, down slightly from a year earlier, when the Australian bank made A$2.202 billion. Open Open Tab May 5, 2009 Provides Information IBM boosts dividend 10 pct, adds $3B for buyback IBM Corp. boosted its quarterly dividend by 10 percent Tuesday, a sign of the company's health when others are cutting their payments to shareholders, and announced plans for a handful of "analytics centers" that could employ up to 4,000 people.     April 28, 2009 Provides Information Kellogg To Hike Dividend 10% To 37.5 Cents Kellogg Co. said Thursday it plans to increase the quarterly dividend 10% to 37.5 cents in the third quarter. For now, Kellogg said it will pay a dividend of 34 cents on June 16 to shareholders of record on June 1. Open Open Tab April 23, 2009 Provides Information H.B. Fuller Raises Quarterly Dividend To 6.8 Cents Adhesive and sealant maker H.B. Fuller Co. said Thursday it raised its quarterly dividend to 6.8 cents from 6.6 cents. The dividend is payable May 14 to shareholders of record as of April 30. Open Open Tab April 16, 2009 Provides Information Qualcomm Declares Quarterly Cash Dividend Qualcomm Incorporated today announced a quarterly cash dividend of $0.17 per common share, payable on June 26, 2009 to stockholders of record at the close of business on May 29, 2009. Open Open Tab April 8, 2009 Provides Information S&P: First Quarter Worst For Dividends Since 1955 The first quarter was the worst for dividend payouts since 1955, Standard & Poor's said Tuesday. A record 367 of the 7,000 U.S. companies tracked by S&P cut their dividend payments in the first quarter, for a total $77 billion cut in shareholder payouts. Open Open Tab April 7, 2009 Provides Information Dollar (The) and Foreign Currencies Dollar's reserve status 'is safe' The dollar has risen after Russian finance minister Alexei Kudrin said it would not be replaced as the world's reserve currency in the near future. Open Open Tab June 15, 2009 Provides Information Dollar Stays Up After Confidence Data The dollar index , a measure of the greenback against a trade-weighted basket of currencies, rose to 80.353, up from 79.243 Thursday. Open Open Tab June 12, 2009 Provides Information Dollar Rallies Amid Concerns About Inflation After hitting a six-month low earlier last week, the U.S. dollar traded higher on Monday, adding to a two-day rally, after a major rating agency lowered the credit rating on Ireland and investors braced for several big bond auctions later this week. Open Open Tab June 8, 2009 Provides Information Dollar Pares Gains After Confidence Data The U.S. dollar pared gains Tuesday after a report showed consumer confidence surged ore than predicted this month Open Open Tab May 26, 2009 Provides Information U.S. Dollar Falls to 2009 Low on Ratings Worries The dollar dropped to its lowest level this year Friday and was on track for its biggest weekly fall in two months on concerns about the AAA-rating status of the United States.     May 22, 2009 Provides Information Dollar Stays Down After ISM Services Data The U.S. dollar remained lower Tuesday after the Institute of Supply Management's survey of non-manufacturing businesses showed that sector of the economy contracted at a slower pace last month. Open Open Tab May 5, 2009 Provides Information Dollar Up Versus Yen After Housing Data The U.S. dollar stayed higher versus the Japanese yen Monday after a report showed U.S. pending home sales rose 3.2% in March, higher than some analysts expected and buoying hopes that the housing downturn may be ending. Open Open Tab May 4, 2009 Provides Information Dollar Lower As Home Sales Top Forecasts The U.S. dollar stayed down Friday versus the euro and yen after a government report said sales of new homes fell 0.6% in March or a seasonally adjusted annual rate of 356,000. Open Open Tab April 25, 2009 Provides Information U.S. Dollar Falls Vs. Major Rivals The euro rose 0.5% to $1.3062 and the British pound soared 1.1% to $1.4632. Open Open Tab April 23, 2009 Provides Information China Not Manipulating Its Currency, U.S. Treasury Says The Chinese renminbi is undervalued, the U.S. Treasury said Wednesday, but China is not manipulating the value of its currency to gain an unfair trade advantage. Despite complaints from U.S. manufacturing and labor interests that Beijing has kept the value of its currency low to encourage its exports, the Treasury has never ruled against China officially in its semiannual currency report, which was released Wednesday. Open Open Tab April 15, 2009 Provides Information Dollar Extends Gains After Fed's Beige Book The dollar index, a measure of the greenback against a trade-weighted basket of currencies, traded at 85.04 compared with 85.13 earlier. The euro was down 0.5% at $1.3198 and the dollar was up 0.4% at 99.21 Japanese yen. Open Open Tab April 15, 2009 Provides Information Russia May Borrow Abroad Next Year: Report Russian Finance Minister Alexei Kudrin said Tuesday that Russia may tap the international debt markets next year for the first time in a decade to finance its budget deficit and make it easier for companies to borrow, the Wall Street Journal reported. Kudrin also said that it will take several years for Russia to get out of its current economic crisis, according to the report. Open Open Tab April 14, 2009 Provides Information Dollar Gains Slightly; Fed Minutes Show Little Easing Debate The dollar was slightly higher Wednesday after the release of the minutes of the Federal Open Market Committee's March 18 policy meeting showed little debate among members on the question of buying longer-term Treasurys, with the major disagreement coming over how much to buy. Open Open Tab April 8, 2009 Provides Information Fed To Provide Foreign-currency Liquidity Via Central Banks The world's leading central banks on Monday said they would set up swap arrangements that would allow the U.S. Federal Reserve to provide foreign-currency liquidity to U.S. financial institutions. If needed, euro, Japanese yen, British pounds and Swiss francs would be provided to the Fed through these additional swap arrangements with the relevant central bank, the Fed said in a news release. Open Open Tab April 6, 2009 Provides Information What if the world all used the same currency? Also: Why have government workers been spared layoffs? Open Open Tab April 6, 2009 Provides Information Dollar Extends Losses After Brown Describes G20 Steps The dollar extended losses against most major counterparts Thursday, in the wake of remarks from British Prime Minister Gordon Brown at the Group of 20 leaders meeting in London. Brown said total fiscal stimulus will amount to $5 trillion, and leaders agreed to provide a total of $1 trillion in resources to the International Monetary Fund. Open Open Tab April 2, 2009 Provides Information Dow Chemical Dow Chemical Upped To Neutral At HSBC On Morton Salt Sale Dow Chemical Co.'s better-than-expected selling price for Morton International to K+S has smoothed the way for its Rohm   Haas acquisition without additional credit downgrades, according to a Thursday note from HSBC Global Research. Open Open Tab April 2, 2009 Provides Information Dow Jones Dow Jones Newswires North America Provider of comprehensive real-time business, financial, and geopolitical news to financial professionals. Open Open Tab   Provides Information Economic Growth and/or Economic Contraction Consumer Prices Edge Up 0.1% in May Inflation remains way off in the horizon as a concern for consumers, based on a report by the U.S. Labor Department released Wednesday, which showed that consumer prices fell at an annual pace not seen in almost six decades. Open Open Tab June 17, 2009 Provides Information Americans' Net Worth Shrinks $1.33 Trillion in First Quarter The Federal Reserve reported Thursday that household net worth fell to $50.38 trillion in the January-March quarter, the lowest level since the third quarter of 2004. Open Open Tab June 11, 2009 Provides Information April Trade Deficit Rises Slightly to $29.2 Billion The Commerce Department says the deficit rose for a second straight month in April, climbing 2.2 percent to $29.2 billion. That was slightly higher than economists' expectations. Open Open Tab June 10, 2009 Provides Information Brazil Finance Minister Sees Mild Recovery In 2009 Brazilian Finance Minister Guido Mantega said Tuesday there are strong signs that the economy will be able to see a mild recovery by the end of 2009. Preliminary indicators for the service sector have been favorable during the second quarter, said Mantega during a conference call about the country's first-quarter gross domestic product report. Open Open Tab June 9, 2009 Provides Information Brazil's economy enters recession Brazil has gone into recession after its economy contracted by 0.8% in the first three months of 2009. Open Open Tab June 9, 2009 Provides Information U.S. May ISM Factory Index Highest Since Sept. The nation's manufacturers continued to cut back production in May, but not as rapidly as during the worst of the downturn, the Institute for Supply Management reported Monday. The ISM index rose to 42.8% in May from 40.1% in April. Open Open Tab June 1, 2009 Provides Information Economy Shrinks 5.7 Percent in First Quarter, Less Than Initial Estimate The Commerce Department's updated reading on gross domestic product, released Friday, showed the economy's contraction from January to March was slightly less deep than the 6.1 percent annualized decline first estimated last month. Open Open Tab May 29, 2009 Provides Information Bangalore bashing: Recession gets nasty Is Bangalore, India's globalisation hotspot and magnet for outsourced jobs from the West, caught in the eye of the global economic crisis? Open Open Tab May 28, 2009 Provides Information U.S. recession to end soon, modest recovery seen: poll The U.S. recession is set to end "soon," but continued job losses and plunging house prices point to an economic recovery that will be more moderate than those experienced in previous downturns, a survey showed. Open Open Tab May 27, 2009 Provides Information California faces fresh problems funding huge deficit California's struggle to fund its budget deficit faced fresh problems on Thursday, after U.S. Treasury Secretary Geithner refused to use bank bailout money to help state finances, and the state's fiscal watchdog objected to a plan to sell warrants to raise cash. Open Open Tab May 21, 2009 Provides Information Retail Sales Fall Unexpectedly in April The Commerce Department says retail sales fell 0.4 percent last month, much worse than the flat reading economists expected. Open Open Tab May 13, 2009 Provides Information Bernanke Sees Tentative U.S. Recovery This Year Federal Reserve Chairman Ben Bernanke on Tuesday was more upbeat about the U.S. economy than he has been in months.     May 5, 2009 Provides Information EU economy to shrink 4% in worst post-war slump The EU economy will contract 4.0 percent this year as a worse-than-expected recession drives unemployment to levels not seen since World War II, the European Commission warned on Monday. Open Open Tab May 4, 2009 Provides Information Lithuania's economy shrinks 12% The Lithuanian economy shrank by 12.6% in the first quarter of 2009 compared with the same period last year, the country's statistics office has said. Open Open Tab April 28, 2009 Provides Information Japan Says Regional Economies Worsening: Report The Ministry of Finance on Wednesday downgraded its overall assessment of Japan's regional economies for the fifth straight quarter, saying that conditions worsened steadily in the January-March period, the Nikkei reported. Open Open Tab April 22, 2009 Provides Information CEOs Expect Fewer Sales, More Job Cuts The nation’s top executives painted a grim picture of what the economic landscape will look like over the next six months, predicting declines in sales, capital spending and employment and a contraction of the overall U.S. economy, according to a survey released Tuesday. Open Open Tab April 7, 2009 Provides Information Eurozone's GDP revised downwards The eurozone economy shrank more than previously estimated in the last three months of 2008, official figures say. Open Open Tab April 7, 2009 Provides Information Goldman Sachs CEO: Financial Industry to Take 'Years' to Rebuild The head of one of the most prominent investment firms said Tuesday that the financial turmoil that overwhelmed much of the past year has destroyed public confidence in the industry and will take “years to rebuild.” Open Open Tab April 7, 2009 Provides Information Economic Indicators May incomes surge, but savings outpace spending Households pushed their savings rate to the highest level in more than 15 years in May as a big boost in incomes from the government's stimulus program was devoted more to bolstering nest eggs than increased spending. Open Open Tab June 26, 2009 Provides Information Data May Signal U.S. Recovery Some risks remain, but the economy looks set for a fourth-quarter recovery. Open Open Tab June 15, 2009 Provides Information Consumer Sentiment Rises to 69 In June U.S. consumer sentiment rose in June, but remained at relatively low levels, according to media reports of a survey released Friday by the University of Michigan and Reuters. Open Open Tab June 12, 2009 Provides Information Household Wealth Drops For 7th Straight Quarter The net worth of U.S. households fell by $1.3 trillion in the first quarter, a seventh straight decline that has seen their wealth drop by nearly $14 trillion, the Federal Reserve reported Thursday. Open Open Tab June 11, 2009 Provides Information Progress Made On Reducing Bloated Inventories U.S. businesses reduced their inventories for the eighth straight month in April and made some progress in paring their stocks of unsold goods, the Commerce Department reported Thursday. Business inventories fell 1.1%, compared with estimates of a 1% drop. Open Open Tab June 11, 2009 Provides Information Fed: Economy Deteriorated in April, May The U.S. economy remained “weak or deteriorated further” from mid-April to May, according to an anecdotal Federal Reserve survey of its twelve regional banks, though some regions of the country did see the rate of deterioration moderating. Open Open Tab June 10, 2009 Provides Information Fed survey sees signs recession is easing The economy's sharp downhill slide eased in the late spring and hopes for future business activity improved, suggesting that the worst of the recession has passed. Open Open Tab June 10, 2009 Provides Information US retailers report May sales declines Although consumer confidence may be increasing, it's not showing up at the cash register yet. Many retailers posted disappointing May sales on Thursday, and food and necessities remained high on shoppers' lists. Open Open Tab June 4, 2009 Provides Information Service Sector, Factory Orders Grow Less Than Expected A pair of economic reports released Wednesday on the U.S. service and manufacturing sectors provided further evidence the nation’s economy is slowly healing-- albeit at a slower pace than some economists had predicted. Open Open Tab June 3, 2009 Provides Information Consumer Spending Eases 0.1% as Savings Rate Rises The U.S. Department of Commerce has released April’s personal income and spending figures, showing a surprisingly high savings rate and a decline in spending, as Americans battened down the hatches for the recession.Consumer spending fell 0.1% in April, while incomes rose 0.5%. Open Open Tab June 1, 2009 Provides Information GDP hints recession is moderating The U.S. economy contracted slightly less than initially estimated in the first quarter, while corporate profits rebounded, according to a government report on Friday that pointed to moderation in the recession. Open Open Tab May 29, 2009 Provides Information Consumer Confidence Surges on Brighter Jobs Outlook A reading on U.S. consumer confidence surged to 54.9 in May from an upwardly revised 40.8 in April as expectations for jobs improved, the Conference Board reported Tuesday. Open Open Tab May 26, 2009 Provides Information April Leading Indicators Rise; Recession To Ease The index of leading economic indicators rose 1% in April - the first increase in seven months -- following a revised dip of 0.2% in March. Open Open Tab May 21, 2009 Provides Information Philly Fed Sees Slowest Pace Of Decline Since Sept Manufacturers in the Philadelphia region said business worsened again in May for the eighth straight month, but the decline was slower than at any time since September, the Philadelphia Federal Reserve Bank reported Thursday. Open Open Tab May 21, 2009 Provides Information Consumer Prices Remain Flat in April, Matches Expectations Prices over the past year fell by the largest amount in more than a half-century, the government said Friday. Open Open Tab May 15, 2009 Provides Information U.S. CPI, production data point to easing recession U.S. consumer prices were unchanged last month and industrial output declined at a slower pace, reports showed on Friday, providing more evidence that the worst phase of the recession may be over. Open Open Tab May 15, 2009 Provides Information Producer Prices Rise 0.3% in April on Higher Food Costs A key inflation gauge came in right around expectations for April, and showed that at least in the short term, energy prices have stopped their decline.     May 14, 2009 Provides Information Global Recession Deepens, Adding to U.S. Woes The world is counting on the U.S. to lead a recovery, but neither can grow quickly alone. Open Open Tab May 4, 2009 Provides Information Consumer spending, new jobless claims dip Consumer spending fell more than expected in March after two straight monthly gains, a stark reminder of a fragile economy that has pushed a record number of Americans to draw jobless benefits. Open Open Tab April 30, 2009 Provides Information Economy shrinks at worse-than-expected pace The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending. Open Open Tab April 29, 2009 Provides Information Fed says U.S. recession appears to be easing The Federal Reserve said on Wednesday the outlook for the U.S. economy had improved a bit in recent weeks but that low interest rates would be needed for some time to ensure it recovers from its deep recession. Open Open Tab April 29, 2009 Provides Information Silver Lining in Dismal GDP Numbers We've run down inventories so much there's nothing to do but but start producing more goods. Open Open Tab April 29, 2009 Provides Information World Bank: Economic crisis turning into calamity The global financial crisis could become "a human and development calamity" for many poor countries, the World Bank said, urging donor nations to speed delivery of money they have pledged and consider giving more. Open Open Tab April 27, 2009 Provides Information Durable Goods Orders Fall; New-Home Sales Slip Durable goods orders returned to a downward slide in March, according to a U.S. Commerce Department report issued Friday, as businesses and consumers cut back even more on the purchase of high-cost goods during this recession.     April 25, 2009 Provides Information Tax rise as UK debt hits record Alistair Darling has said the UK will have to borrow a record £175bn as he admitted the economy faces its worst year since the Second World War. Open Open Tab April 22, 2009 Provides Information March Leading Indicators Fall; Recession Seen Through Summer The recession may continue though the summer, though its intensity could ease, the Conference Board said Monday. The index of leading economic indicators fell 0.3% in March, following an upwardly revised dip of 0.2% in February. Open Open Tab April 20, 2009 Provides Information Consumer Sentiment Makes Surprise Improvement A preliminary report on consumer sentiment showed that consumers’ opinions on the U.S. economy unexpectedly improved in April. Open Open Tab April 17, 2009 Provides Information Consumer prices dip unexpectedly in March Year-over-year, the first 12-month decline since August 1955 Open Open Tab April 15, 2009 Provides Information Economy Still Contracting Everywhere, Beige Book Says The economy continued to worsen all across the United States in March and early April, amid scattered signs that the pace of the decline was lessening in some regions, the Federal Reserve reported Wednesday in its Beige Book account of the economy. Open Open Tab April 15, 2009 Provides Information Retail sales, producer prices fall sharply Sales at U.S. retailers unexpectedly fell 1.1 percent in March after rising for two straight months, government data showed on Tuesday, dimming hopes the 16-month-old recession was close to hitting bottom. Open Open Tab April 14, 2009 Provides Information U.S. Businesses Reduce Inventories By 1.3% In Feb. U.S. businesses slashed away at their inventories in February in an attempt to bring supplies down to match demand. Inventories fell 1.3% in February while sales rose 0.2%, the Commerce Department reported. Open Open Tab April 14, 2009 Provides Information Wholesale prices fall sharply in March A sign that inflation is posing little threat to the economy Open Open Tab April 14, 2009 Provides Information U.S. March ISM Services Index Falls To 40.8% U.S. nonmanufacturing sectors contracted at a faster pace in March, according to a Friday report from the Institute for Supply Management, as the global slowdown continued to take its toll. The ISM non-manufacturing index fell to 40.8% in March from 41.6% in February. Open Open Tab April 3, 2009 Provides Information Economic Stimulus Biden: 49 Projects on GOP Senator's Wasteful Spending List Have Been Cut From Stimulus Funding Vice President Biden called Sen. Tom Coburn "dead wrong" for his comprehensive list that he released last week detailing 100 local projects funded by federal stimulus funds that he claims amount to nothing more than billions of dollars in wasteful spending. Open Open Tab June 25, 2009 Provides Information Resellers to Get Economic Stimulus Package Grant Funding Help The economic stimulus package -- American Recovery and Reinvestment Act -- earmarks up to $80 billion in IT spending for healthcare, government, education, infrastructure and other IT projects. Open Open Tab June 18, 2009 Provides Information Biden Praises Stimulus Benefits at Pennsylvania Bridge Visit Vice President Biden led a delegation from the Obama administration to the groundbreaking for the bridge in Carlisle, the first stop of his cross-country "Road to Recovery" tour. Open Open Tab June 11, 2009 Provides Information Did Stimulus Checks Help the Economy? Over a year ago, even before Congress approved the stimulus-rebate checks, there were concerns about if and how those rebates would be spent. Open Open Tab June 11, 2009 Provides Information Work begins on nation's largest mass transit project The largest mass transit project in the country got under way Monday with the help of federal stimulus dollars, as public officials broke ground on a second passenger rail tunnel beneath the Hudson River. Open Open Tab June 8, 2009 Provides Information Biden: Obama to Announce Plan Monday to Ramp Up 'Stimulus' Over Summer Vice President Biden said he will join President Obama on Monday in seeking to ramp up the pace this summer of the massive economic stimulus effort that Congress approved earlier this year. Open Open Tab June 5, 2009 Provides Information South Carolina Supreme Court Orders Governor to Take Stimulus Cash The state Supreme Court issued its ruling Thursday, a day after hearing arguments in Republican Gov. Mark Sanford's legal fight to reject $700 million in federal stimulus money. Open Open Tab June 4, 2009 Provides Information Cash for Aussie 'grateful dead' The Australian government has admitted that cash hand-outs aimed at stimulating the economy have been sent to thousands of people who are dead. Open Open Tab May 28, 2009 Provides Information $1.2 billion for summer jobs Stimulus funds provide job training for disadvantaged young adults. Programs intended to build skills, but some states may find it tough to place participants. Open Open Tab May 27, 2009 Provides Information Best tools for local governments to track stimulus spending IT spending in the stimulus package is not just about health records. Open Open Tab May 27, 2009 Provides Information IBM Earmarks $3 Billion for Europe and Asia Stimulus IBM has earmarked $3 billion to finance so-called smart infrastructure projects in Europe and Asia likely to receive government stimulus support. IBM's latest announcement is similar to the $2 billion the computer consulting and technology company is making available in the U.S. Open Open Tab May 27, 2009 Provides Information U.S. Awards $1.5 Billion In Stimulus Tax Credits Treasury Secretary Tim Geithner on Wednesday announced $1.5 billion in tax credits, saying the money from President Barack Obama's stimulus package would create jobs and stimulate growth around the country. Open Open Tab May 27, 2009 Provides Information Dead People Being Sent Stimulus Checks The Social Security Administration, which sent out 52 million checks, says that some of those checks mistakenly went to dead people because the agency had no record of their death. Open Open Tab May 15, 2009 Provides Information Fact Check: Biden Plays Loose With Stimulus Facts Many of the claims the White House is making about economic recovery are based on anecdotes selected to fit the Obama administration's message. Open Open Tab May 14, 2009 Provides Information Democrat Displeased With Way Roads Plan Was Sold in Stimulus A spokesman to Minnesota Rep. James Oberstar, who leads the House Transportation and Infrastructure Committee, says the White House push for road construction in the stimulus plan was oversold. Open Open Tab May 11, 2009 Provides Information Mayors Blasting Governors For Denying Stimulus Funds Big cities complain that their statehouses are neglecting them when it comes to doling out money from February’s $787 billion fiscal stimulus package. Open Open Tab May 11, 2009 Provides Information SMBs Prefer Tax Cuts to Stimulus Money A survey from SurePayroll finds small business owners think the Obama administration is out of touch with small business. Open Open Tab April 30, 2009 Provides Information More Stimulus Misconceptions I still receive a ton of questions about the economic-stimulus package and how people can get their money. Open Open Tab April 27, 2009 Provides Information Answering Your Stimulus Package Questions Opportunities abound in the stimulus package, but figuring out how to take advantage of them is confusing. We try to answer questions. Open Open Tab April 25, 2009 Provides Information GAO: States Should Get Help Managing Stimulus Congressional watchdog agency says states responsible for more than a third of President Barack Obama's $787 billion stimulus program should be able to tap some of the recovery money to cover costs of managing the new spending. Open Open Tab April 23, 2009 Provides Information The New Stimulus Tax Credit This tax break puts up to $400 in your pocket. Open Open Tab April 23, 2009 Provides Information Stimulus money should go to lowest bidders, economists say A group of Stanford economists is pressing the government to streamline the process for doling out $7.2 billion in economic stimulus money slated for high-speed Internet development. Open Open Tab April 20, 2009 Provides Information States spending money to keep stimulus funds Cash-strapped governments must shell out dollars or risk losing federal aid Open Open Tab April 17, 2009 Provides Information U.S. business worried China stimulus favors locals U.S. companies are concerned that they are not getting a fair chance at contracts linked to China's 4 trillion yuan ($585 billion) stimulus package, a leading U.S. business group said on Friday. Open Open Tab April 17, 2009 Provides Information Obama says stimulus projects under budget U.S. President Barack Obama said on Monday that thousands of major infrastructure projects being undertaken as part of his economic stimulus plan were ahead of schedule and under budget. Open Open Tab April 13, 2009 Provides Information Obama to Spotlight 2,000th Stimulus Project Obama, vice president and transportation secretary to highlight the administration's 2,000th project funded through the $48.1 billion allocated for transportation infrastructure in stimulus. Open Open Tab April 13, 2009 Provides Information Gov. Asks Feds For Nearly $5 Billion For Education Gov. Arnold Schwarzenegger is asking the federal government for nearly $5 billion in economic stimulus money for California schools. Open Open Tab April 9, 2009 Provides Information Japan's Ruling Party OKs 15 Trillion Yen Stimulus Japan's ruling Liberal Democratic Party has approved a new stimulus package worth over 15 trillion yen ($150 billion), reports said Thursday. The new spending was passed by the LDP's policy board, according to a Jiji Press report cited by Agence France-Presse. Open Open Tab April 8, 2009 Provides Information Virginia House Rejects $125M in Stimulus Cash The House turned down amendments by Democratic Gov. Timothy M. Kaine that were necessary to make Virginia eligible for the federal aid. Open Open Tab April 8, 2009 Provides Information Japan in 10 trillion yen stimulus Japan is to implement another fiscal stimulus plan of more than 10tn yen ($99bn; £66bn) to fight the recession. Open Open Tab April 6, 2009 Provides Information Treasury Outlines Details of Stimulus Bond Programs State and local leaders anxious to take on much-needed infrastructure and public-school construction projects got one step closer Friday as the Treasury Department released guidance on the Obama Administration’s new bonds programs. Open Open Tab April 3, 2009 Provides Information House Republicans Call for Stimulus Repeal in Budget Plan House Republicans unveil some details about their alternative to President Obama's budget blueprint. Open Open Tab April 1, 2009 Provides Information Economic Trade Trade Deficit Widens to $27.6 Billion in March The Commerce Department says the deficit widened to $27.6 billion in March, slightly lower than the $29 billion gap that economists had forecast. Open Open Tab May 12, 2009 Provides Information February Trade Gap Narrows to Lowest Since 1999 The U.S. trade deficit shrank by 28.3 percent in February to its smallest since November 1999 as imports tumbled and exports managed to grow slightly in the face of shrinking global demand, a U.S. government report showed on Thursday.     April 9, 2009 Provides Information Fannie Mae and Freddie Mac Freddie Mac: 30-year Mortgage Average Edges Down Freddie Mac said Thursday the 30-year fixed-rate mortgage average fell from the previous week to 4.82% with an average 0.7 point for the week ending May 21. Open Open Tab May 21, 2009 Provides Information Freddie Mac Prices 3-year Notes At 1.859% Yield Freddie Mac said Tuesday it priced $6 billion in new 1.75% three-year Reference Notes security at a yield of 1.859%. Open Open Tab May 19, 2009 Provides Information Fannie Mae Prices New $5 Bln Notes At 2.531% Yield Fannie Mae said Wednesday it priced $5 billion in new 5-year Benchmark Notes at a 2.531% yield. The issue price was 99.855, or 56 basis points above corresponding U.S. Treasury notes with a coupon of 2.500%. Open Open Tab May 13, 2009 Provides Information Freddie Mac First-quarter Loss Widens Freddie Mac said late Tuesday its first-quarter loss widened to $9.85 billion, or $3.14 a share, from $151 million a year ago. Total revenue declined to $771 million from $1.41 billion last year. Open Open Tab May 12, 2009 Provides Information Fannie Mae To Offer New 5-year Benchmark Notes Fannie Mae will offer a new tranche of 5-year Benchmark Notes, the mortgage-finance company said Tuesday. The notes will be priced on Wednesday and settled Friday. Barclays Capital, Deutsche Bank Securities and J.P. Morgan are the joint lead managers. Open Open Tab May 12, 2009 Provides Information Freddie Avoids $30 Billion Charge Freddie Mac has received a favorable ruling from the Securities and Exchange Commission that will allow it to avoid what the company had feared might be a $30 billion charge against earnings, The Wall Street Journal reported late Tuesday, citing an interview with acting Chief Executive John Koskinen. Open Open Tab May 5, 2009 Provides Information Fannie And Freddie's Backdoor Bailout Forget the cram-down bill. Washington's already got a booming business modifying mortgages. Open Open Tab May 1, 2009 Provides Information Freddie Mac CFO Found Dead of Apparent Suicide The acting chief financial officer of Freddie Mac was found dead in his home Wednesday morning of an apparent suicide, Fairfax, Va., police have confirmed to FOX News. Open Open Tab April 22, 2009 Provides Information Fannie Mae Names Michael Williams President, CEO Fannie Mae said Monday it named Michael Williams president and chief executive to succeed Herbert Allison, who was nominated by President Barack Obama as Assistant Secretary for Financial Stability at the U.S Treasury. Williams most recently served as Fannie's chief operating officer. Open Open Tab April 20, 2009 Provides Information Fannie Mae Prices $4 Billion In 3-year Benchmark Notes Fannie Mae said Thursday it priced $4 billion in new three-year Benchmark Notes at 99.874, or 74 basis points over corresponding U.S. Treasury notes. The issue price represents a yield of 1.918%. Open Open Tab April 2, 2009 Provides Information Federal Open Market Committee - FOMC Financial Stocks Rise Ahead Of FOMC Outlook U.S. financial stocks traded higher Wednesday as markets awaited a statement from the Federal Reserve that could signal the central bank's future actions, along with the direction of the economy. The benchmark financial sector exchange-traded fund, Financial Select Sector SPDR Fund , was up 2.4% to $11.74 in midday trade. Adding to a rally in financials were Hartford Financial Services Group Inc. and Principal Financial Group Inc. , whose shares rose 6.6% and 4.9%, respectively. Open Open Tab June 24, 2009 Provides Information Gold Prices Gold Could Shoot Through $1,000 if China Shifts Away From U.S. Treasurys Gold could go well above $1,000 an ounce in the next couple of years, according to some people bullish on the metal, who say China could boost the yellow metal's price significantly if it takes the policy actions one of its research officials is advocating. Open Open Tab June 26, 2009 Provides Information Gold Futures End Slightly Higher Gold futures ended slightly higher on Tuesday following a volatile trading session. Gold for August delivery gained $3.30 to end at $924.30 an ounce on the New York Mercantile Exchange. The precious metal is stuck in a trading range ahead of what Wednesday's monetary-policy statement from the Federal Open Market Committee will say. Open Open Tab June 23, 2009 Provides Information Gold Falls As Dollar Continues To Strengthen Gold for June delivery fell $10, or 1%, to end at $951.70 an ounce on the Comex division of the New York Mercantile Exchange, the lowest settlement price since May 21. The more active August contract lost 1% to $952.50 an ounce. Open Open Tab June 8, 2009 Provides Information Gold Tops $950 For First Time In Nearly Two Months Gold futures on Thursday finished above the $950-an-ounce mark for the first time since late March as another round of weak economic data added to bullion's appeal as a hedge against riskier assets. Open Open Tab May 21, 2009 Provides Information June Gold Futures End Near $924 An Ounce Gold futures for June delivery on Tuesday finished at their highest level since April 1 as a weaker U.S. dollar and pricier crude fueled demand for the precious metal as an inflation hedge. Open Open Tab May 12, 2009 Provides Information Gold Rises Above $900; Copper Falls For Fourth Day Gold rose Thursday above $900 for the first time in nearly three weeks after data showed a big increase in claims for U.S. unemployment benefits, raising economic worries and increasing the precious metal's value as a safe asset. Copper fell for a fourth session. Open Open Tab April 23, 2009 Provides Information Gold Extends Decline As Brown's Comments Raise Optimism Gold futures fell over 3% to below $900 an ounce Thursday after comments from British Prime Minister Gordon Brown further raised optimism about a global economic recovery and reduced gold's appeal as a safe asset. Gold for April delivery fell $30.50, or 3.3%, to $895.60 an ounce on the Comex division of the New York Mercantile Exchange. Open Open Tab April 2, 2009 Provides Information Goldman Sachs Goldman Sachs Upgraded To Market Perform At JMP JMP Securities analyst Michael Hecht on Monday upgraded shares of Goldman Sachs Group Inc. to market perform from market underperform, and lifted his 2009 and 2010 profit estimates for the bank. Open Open Tab May 18, 2009 Provides Information Mass AG To Announce Settlement With Goldman The office of Massachusetts Attorney General Martha Coakley said it plans to hold a press conference on Monday to announce a multi-million-dollar settlement with Goldman Sachs Group Inc. . Open Open Tab May 11, 2009 Provides Information Taxing Grandma to subsidize Goldman Sachs Sacrifices of American retirees are helping pay off Wall Street’s losses Open Open Tab April 15, 2009 Provides Information Goldman Sachs Swings to Profit Battered bank holding company Goldman Sachs weighed in with impressive first-quarter earnings of $3.39 per share or net income of $1.81 billion, compared to a reported loss of $2.1 billion, or $4.97 per share during the same period one year ago. The company posted a revenue of $9.43 billion during the quarter. Open Open Tab April 13, 2009 Provides Information Goldman Sachs mulls stock sale to repay TARP money: report Goldman Sachs Group Inc is considering making a multibillion dollar share offering to investors as part of its efforts to repay a $10 billion government loan, the Wall Street Journal reported citing people familiar with the matter. Open Open Tab April 10, 2009 Provides Information Goldman’s CEO Speaks; Just Call Him ‘Mr. Blankcheck’ Goldman Sachs chief executive Lloyd Blankfein spoke about a whole lot of things on Tuesday in his speech before the Council of Institutional Investors. Open Open Tab April 8, 2009 Provides Information Governmental Budgets - Spending Bills Account Trade Deficit Drops to $101.5 Billion The deficit in the broadest measure of trade plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. Open Open Tab June 17, 2009 Provides Information Federal Deficit Soars to May Record of $189.7B The Treasury Department reported Wednesday that the red ink so far this year totals $991.9 billion and the administration is projecting the deficit for the budget year that began Oct. 1, will total an all-time record of $1.84 trillion.. Open Open Tab June 10, 2009 Provides Information Obama Calls for Pay-as-You-Go Approach to Spending The president's plan would require Congress to pay for new entitlement spending, such as health care, by raising taxes or coming up with budget cuts -- a "pay-as-you-go" system that would have the force of law. Open Open Tab June 9, 2009 Provides Information Japan Aims To Halve Deficit Ratio By 2013 Japan's new key financial target will likely be halving the ratio of its budget deficit to gross domestic product by the end of fiscal 2013, Japanese news agency Kyodo reported Friday, citing a draft version of the government's upcoming fiscal guideline. Open Open Tab June 4, 2009 Provides Information White House: Budget deficit to top $1.8 trillion With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year. Open Open Tab May 11, 2009 Provides Information Senate OKs Fiscal 2010 Budget Blueprint The Senate approved a $3.55 trillion budget blueprint for fiscal 2010 on Wednesday, joining the House in handing President Barack Obama a legislative victory. The vote was 53 to 43. The budget preserves Obama's priorities and paves the way for health-care reform later this year. Open Open Tab April 29, 2009 Provides Information Federal budget deficit sets March record $192.3B The Treasury Department said Friday that the budget deficit increased by $192.3 billion in March, and is near $1 trillion just halfway through the budget year, as costs of the financial bailout and recession mount. Open Open Tab April 11, 2009 Provides Information Budget Deficit Triples To $957 Billion For Year The U.S. federal budget deficit rose to a record $956.8 billion in the first six months of the fiscal year after the government stepped up spending to cope with the recession that has depressed tax receipts, the Treasury Department reported Friday. Open Open Tab April 10, 2009 Provides Information UK deficit 'more than predicted' The UK's deficit is about 2.7% more than chancellor Alistair Darling acknowledged in the pre-Budget report, the Institute for Fiscal Studies says. Open Open Tab April 6, 2009 Provides Information Republican budget plan would cut taxes, spending U.S. Senate Democrats on Wednesday rejected a bid to freeze some government spending as House Republicans offered an alternative budget plan that would slash taxes and repeal most stimulus spending. Open Open Tab April 1, 2009 Provides Information Inflation German May Inflation Turns Negative Germany's consumer price index saw a monthly decline of 0.1% in May and were flat when compared to May 2008, according to a preliminary estimate by the Wiesbaden-based Federal Statistics Office Wednesday afternoon. Open Open Tab May 27, 2009 Provides Information Treasury Sells Inflation-indexed Debt At 1.278% The Treasury Department sold $8 billion in Treasury Inflation Protected Securities on Thursday, at a yield of 1.278%. The 5-year TIPS garnered bids for $2.66 for every dollar available, the highest at a new sale since 5-year TIPS were introduced in 1997. Open Open Tab April 23, 2009 Provides Information Kohn says Fed can prevent inflation surge The Federal Reserve will not allow its unorthodox policies to lead to a surge in inflation as the U.S. economy recovers, Fed Vice Chairman Donald Kohn said on Saturday, though he said the U.S. central bank may need to do even more to ease credit if the economy fails to respond to stimulus measures. Open Open Tab April 18, 2009 Provides Information Treasury Sells $6 Billion In Inflation-linked Debt At 1.589% The Treasury Department sold $6 billion in Treasury Inflation Protected Securities, or TIPS, on Tuesday, at a yield of 1.589%. The sale garnered bids for $2.25 for every dollar available, compared to $2.48 at the last auction of 10-year TIPS in January. Indirect bidders, a class of investors that includes foreign central banks, bought 26.1% of the sale, compared to 47.2% at the last sale. Open Open Tab April 7, 2009 Provides Information Fed Announces Six Buybacks Of Treasurys The Fed specified what securities it may purchase on given days, including the first scheduled buyback of Treasury Inflation Protected Securities, or TIPS, on April 16. So far, the central bank has purchased about $23.5 billion in U.S. debt, as it continues plans to buy $300 billion in Treasury securities over the next six months to improve conditions in private credit markets and spur lending. Ten-year note yields recently fell 2 basis points to 2.65%. Open Open Tab April 1, 2009 Provides Information International Monetary Fund - IMF Senate Takes Up $100 Billion Emergency Spending Request for IMF Though the country is facing record deficits, the president claims the request would not add to the red ink. Open Open Tab May 14, 2009 Provides Information Is IMF Deal Bosnia-Herzegovina's Saving Grace? The price of reform could push the country into further political turmoil and social unrest. Open Open Tab May 13, 2009 Provides Information U.S. offers strong backing for IMF governance overhaul The United States on Saturday pledged robust support for an overhaul of governing power within the International Monetary Fund so key emerging-market nations get more say in how the lender operates. Open Open Tab April 25, 2009 Provides Information Crisis 'far From Over': IMF Chief Strauss-Kahn The financial crisis, which has morphed into a nasty global recession, is "far from over," said Dominique Strauss-Kahn, the head of the International Monetary Fund on Thursday. Open Open Tab April 23, 2009 Provides Information Deeper recession ahead says IMF The global economy is set to decline by 1.3% in 2009, in the first global recession since World War II, the International Monetary Fund (IMF) says. Open Open Tab April 22, 2009 Provides Information Meltdown losses of '$4 trillion' The International Monetary Fund (IMF) has warned that potential losses from the credit crunch could reach $4 trillion and damage the financial system for years to come. Open Open Tab April 21, 2009 Provides Information IMF sees long and severe slowdown The current global recession is likely to be "unusually long and severe, and the recovery sluggish," the International Monetary Fund has warned. Open Open Tab April 16, 2009 Provides Information Poland Asks For $20.5 Billion Credit Line From IMF Poland became the second country after Mexico to seek access to a new credit line from the International Monetary Fund that's available to strongly performing economies, the IMF said Tuesday. Polish Prime Minister Donald Tusk said in Warsaw on Tuesday that the country was interested in a one-year precautionary arrangement under the IMF's flexible credit line (FCL) for $20.5 billion. Open Open Tab April 14, 2009 Provides Information Interest Rates Mexico Cuts Key Rate To 5.25% As Economy Contracts The Mexican central bank on Friday cut its key interest rate by 75 basis points to 5.25%, in line with the expectations of economists surveyed by Dow Jones Newswires. Open Open Tab May 15, 2009 Provides Information Chile Central Bank Cuts Rates Half-point To 1.25% The Central Bank of Chile late Thursday cut its benchmark interest rates by 50 basis points -- 25 more than expected -- to 1.25%. One basis point is 1/100th of a percentage point. Open Open Tab May 7, 2009 Provides Information Brazil Cuts Rates To Record Low 10.25% Brazil's central bank late Wednesday cut its benchmark interest rate by 100 basis points to 10.25%, in line with market expectations Open Open Tab April 29, 2009 Provides Information New Zealand Cuts Key Rate To Record Low 2.5% The Reserve Bank of New Zealand cut its official cash rate by 50 basis points Thursday (local New Zealand time), bringing it to a record low 2.5%. Open Open Tab April 29, 2009 Provides Information Mexico's Central Bank Cuts Rates More Than Expected Mexico's central bank cut its benchmark interest rate by 75 basis points to 6.0%, exceeding market expectations of a 50 basis points reduction. The Mexican peso fell 0.6% against the U.S. dollar in the wake of the decision. Open Open Tab April 17, 2009 Provides Information Bank keeps interest rates at 0.5% The Bank of England has kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months. Open Open Tab April 9, 2009 Provides Information Low Interest Rates Give Annaly a Leg Up One fund manager says investors looking to buy stocks, but worried about the impact of recession, should look at a company that actually does well during turbulent times. Open Open Tab April 8, 2009 Provides Information Australian Treasurer Asks Banks To Pass Along Rate Cuts Australian Treasurer Wayne Swan told reporters Monday that he wants banks to pass along to their customers, as much as possible, any future reductions in interest rates. The statement was made to reporters in Canberra a day ahead of the Reserve Bank of Australia's monthly policy rate meeting. Consensus forecasts are that the central bank will cut interest rates by a quarter of a percentage point to 3.0%. Open Open Tab April 6, 2009 Provides Information Misc. Americans Increasingly Skeptical of Obama's Pledge of Fiscal Discipline as Deficit Grows With each spending proposal President Obama rolls out, the deficit grows astronomically and the American people are growing more concerned. Open Open Tab June 25, 2009 Provides Information Bernanke defends Fed on bank deal The chairman of the Federal Reserve says the US central bank acted with the "highest integrity" in Bank of America's takeover of Merrill Lynch. Open Open Tab June 25, 2009 Provides Information Allison: US Financial System Remains Vulnerable The U.S. financial system remains vulnerable with unemployment rising, house prices falling and commercial real estate problems continuing to build, a key bank bailout fund overseer said Wednesday. "This is why we must remain vigilant," said Herbert Allison, the Treasury's point man for the $700 billion Troubled Asset Relief Fund, in testimony to the Congressional Oversight Panel. Open Open Tab June 24, 2009 Provides Information Buffett Says Inflation a Concern, But Supports Obama Fiscal Policy Berkshire Hathaway Chairman Warren Buffett said Wednesday inflation is a concern but that he supports U.S. fiscal policy under President Barack Obama. Open Open Tab June 24, 2009 Provides Information Citigroup Boosting Salaries to Offset Lower Bonuses Citigroup Inc. is increasing base salaries for many of its employees -- reportedly by as much as 50 percent for some workers -- as it restructures its compensation program amid new restrictions on bonus payments. Open Open Tab June 24, 2009 Provides Information Credit Suisse, Deutsche Bank Settle With Huntsman The securities units of Credit Suisse Group and Deutsche Bank AG said Tuesday they agreed to settle a lawsuit filed by Huntsman Corp. that faulted them for a failed merger. Open Open Tab June 23, 2009 Provides Information FDIC Eyes Extension To Unlimited Deposit Insurance The Federal Deposit Insurance Corp. on Tuesday proposed extending a program that provides unlimited deposit insurance for non-interest-bearing deposits by six months. The coverage was set to expire Dec. 31, 2009, but the agency extended it to June 30, 2010, seeking to calm fears of large businesses that have significant business customers that keep large deposit accounts at banks for their payrolls. Open Open Tab June 23, 2009 Provides Information Congress Seeks More Data From Fed On Merrill Deal A key congressional committee on Friday issued a second subpoena to the Federal Reserve seeking further documents about closed-door discussions about the regulator's involvement in Bank of America's controversial acquisition of Merrill Lynch & Co. The panel, the House Oversight and Government Reform Committee, is having Fed Chairman Ben Bernanke testifying June 25 about allegations from Bank of America Chief Executive Kenneth Lewis that government officials pressed him to buy Merrill Lynch after he became aware of major losses at the investment bank. Open Open Tab June 19, 2009 Provides Information Obama Administration Unveils Financial Regulation Overhaul The plan would give new powers to the Federal Reserve to oversee the entire financial system and would also create a new consumer protection agency to guard against the types of abuses that played a big role in the current crisis. Open Open Tab June 17, 2009 Provides Information Summers Says New Financial Rules Mean More Capital A sweeping set of U.S. financial regulations proposed on Wednesday will pump more capital into the financial system and improve regulators' accountability, top White House aide Larry Summers said in an interview on CNBC. Open Open Tab June 17, 2009 Provides Information Hedge Fund Turmoil Continued During 1Q; Nearly 400 Liquidations Hedge-fund liquidations continued at a breakneck pace during the first three months of 2009, but cooled off from the record number of collapses seen during the market meltdown at the end of last year. Open Open Tab June 16, 2009 Provides Information Recession Will End In Third Quarter: Bankers Group The economic recession in the U.S. will end during the third quarter, although unemployment and federal deficits will continue to weigh, economists for the American Bankers Association said Tuesday. Open Open Tab June 16, 2009 Provides Information Fed Issues First of New Monthly Reports on Rescue Programs Starting Wednesday, the Federal Reserve will begin releasing a monthly report on its finances, including details of the multiple emergency credit and liquidity programs it launched in the last year to help stabilize the financial system. Open Open Tab June 10, 2009 Provides Information Geithner Says to "Streamline" Regulatory Structure U.S. Treasury Secretary Timothy Geithner said on Tuesday he would soon revamp the country's regulatory system to prevent a repeat of excessive risk-taking that has tipped it into a severe recession. Open Open Tab June 9, 2009 Provides Information Morgan Stanley Launches Investment Consulting Firm Morgan Stanley Smith Barney LLC said Monday it has formed Graystone Consulting, an investment consulting service for institutional investors and the upper-tier private wealth market. Graystone is an outgrowth of Citi Institutional Consulting, which was created in 2006. Open Open Tab June 8, 2009 Provides Information Time Warner to split off AOL Time Warner CEO Bewkes calls separation 'best outcome' for both comp Open Open Tab May 28, 2009 Provides Information Geithner Says Must Let Market Forces Work Treasury Secretary Timothy Geithner said on Thursday that a bailout for banks was steadying the financial system but care must be taken to ensure that normal market forces are allowed to operate.     May 21, 2009 Provides Information Geithner: Big Spending Was Unavoidable Treasury Secretary Timothy Geithner defended the Obama Administration’s fiscal policy on Thursday, saying deficit spending was unavoidable until the U.S. economy stabilizes. Open Open Tab May 21, 2009 Provides Information Obama Economic Panel Moves Into the Spotlight At a meeting of his Economic Recovery Advisory Board on Wednesday, President Barack Obama said unemployment is one of his main concerns even assuming the economy begins to stabilize in the near future.     May 20, 2009 Provides Information Obama Signs Bill To Provide $500 Billion For FDIC President Barack Obama on Wednesday afternoon signed into law two major housing bills, one of which would allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department to protect the deposits of bank customers. Open Open Tab May 20, 2009 Provides Information Geithner: No plans to cap executive pay Financial sector executives should not fear government imposed caps on their salaries even as the Obama administration moves to influence how firms pay their employees. Treasury Secretary Timothy Geithner said Monday that government should place "broad constraints" on the incentives that huge pay packages create for executives to take short-term risks. Open Open Tab May 18, 2009 Provides Information No Rush To Tighten, Fed Stern Says The Federal Reserve does not have to move in the near future to start raising rates, said Gary Stern, the president of the Minneapolis Federal Reserve district bank on Friday. Open Open Tab May 15, 2009 Provides Information Globe Saved, But Its Obituary Is Written When Marty Baron arrived on Morrissey Boulevard as the Boston Globe's new editor in July 2001, legend has it the first thing he said about the paper was: "There are too many columnists here." Open Open Tab May 6, 2009 Provides Information Commercial Mortgage Debt Returns 13.2% In April Highly-rated commercial mortgage-backed securities, or CMBS, returned 13.2% last month, as signs that the depths of the recession may be past, encouraging investors to take on more risky assets, including bonds with below-investment grade ratings, according to Bank of America-Merrill Lynch, whose bond indexes are benchmarks for many fixed-income investors. Open Open Tab May 4, 2009 Provides Information Flu Already Touching Economy, Romer Says Uncertainty about the spreading swine flu virus is already impacting the economy, said Christina Romer, a top economic adviser for President Barack Obama. Romer said it is too soon to gauge the economic consequences of the virus. Open Open Tab April 30, 2009 Provides Information Bernanke Encourages Regulation Supporting Innovation Federal Reserve Chairman Ben Bernanke delivered a prepared speech on the topic of financial innovation and consumer protection at the Federal Reserve community affairs research conference in Washington D.C. on Friday. Open Open Tab April 17, 2009 Provides Information What The EPA's Ruling Means For Business The decision on CO2 emissions is likely a boon for cleantech; critics fear huge risk to the U.S. economy. Open Open Tab April 17, 2009 Provides Information When you’re flush, but acting flat broke Even those whose jobs are safe are spending less, which holds down growth     April 16, 2009 Provides Information EBay Plans IPO For Skype Unit EBay Inc. said Tuesday afternoon that it is planning an initial public offering for its Skype Internet telephony unit. In a statement, eBay said it plans to complete the offering in the first half of next year, though specific timing will depend on market conditions. Open Open Tab April 14, 2009 Provides Information Obama Defends Administration's Expensive Actions, Sees "Difficult" 2009 In a broad speech explaining all of his Administration’s expensive actions on the economy, President Barack Obama said Tuesday that he had to confront the economy “on all fronts” to repair and stave off what could have been a “vicious economic downturn.”     April 14, 2009 Provides Information Union Group Presses For Clawback Of Merrill Lynch Bonuses CtW Investment Group, which works for several union pension funds that hold a lot of Bank of America stock, on Tuesday sent a letter to Bank of America demanding that the firm claw back all bonuses of $1 million or more paid to Merrill Lynch employees. Open Open Tab April 7, 2009 Provides Information Asian Business Watch Asian business and financial news, special reports and economic trends. Open Open Tab   Provides Information Bank of America Market Research Economic data, analysis and commentary on macro-economy, industries and regions from Bank of America analysts. Open Open Tab   Provides Information Bank of Montreal Economics on Canada, United States and International Economies Current economic data, research and analysis from the Economics department at the Bank of Montreal. Open Open Tab   Provides Information BBC News Economy Reports The IMF and World Bank. Open Open Tab   Provides Information Briefing.com Provides stock market news and commentary, quotes and charts, portfolio tracking, sector ratings and an economic calendar. Open Open Tab   Provides Information Business 2.0 A business portal with links to other magazines and sites covering the old and the new economy. Open Open Tab   Provides Information Business Cycle Indicators News, data and analysis of consumer confidence index and other business cycle indicators from The Conference Board, a leading non-profit business research organization. Open Open Tab   Provides Information Business In Depth Using links to newspapers, magazines and internet resources you can read business news from around the world. Open Open Tab   Provides Information Business Wire Includes press releases, IPOs, company profiles, trade show announcements and links to related sites. Open Open Tab   Provides Information Campaign for America's Future News, analysis and resources from website for progressives that focuses on issues of social justice like wages, Social Security and trade. Open Open Tab   Provides Information CBS MarketWatch Offers business and financial news, market commentary, U.S. and international quotes, charts, headlines, mutual fund info, portfolio tracking, an IPO report and a chat room. Open Open Tab   Provides Information CNNfn The financial news site presents feature articles, headlines, world market updates, stock quotes, an industry watch and a Quicken.com investment center. Open Open Tab   Provides Information Competition Online Competition laws and issues. Open Open Tab   Provides Information Corporate Governance News News developments in the field of Corporate Governance. Open Open Tab   Provides Information Crain's Chicago unprecedented coverage of metro Chicago's business community. Open Open Tab   Provides Information Crain's NY New York business news. Including back issues and resource material. Open Open Tab   Provides Information Department of Justice: Antitrust Division Home Page News and background from government bureau responsible for anti-trust enforcement. Open Open Tab   Provides Information EconData.Net Free resource for accessing on-line regional socioeconomic data, with links to government, non-profit and other sources of information and statistics by category. Open Open Tab   Provides Information Economy in Latin America Links to information resources from the Latin America Network Information Center from U. of Texas. Open Open Tab   Provides Information Ecoworld Ideas and discussions about environmmental issues from free market perspective. Open Open Tab   Provides Information EnviroLink News Service Information, links and resources about business ansd the environment, with an emphasis on sustainable business practices and solutions. Open Open Tab   Provides Information Ethical Performance Monthly newsletter for professionals concerned with corporate social responsibility or for investors. Open Open Tab   Provides Information Factiva Delivers worldwide business news and information and powerful searching to provide customers with relevant information to inspire their business decisions. Open Open Tab   Provides Information Financial Times Business Publications Publisher of industry specific management reports, magazines, directories and newsletters. Open Open Tab   Provides Information Fortune The on-line version of Fortune Magazine is part of the Pathfinder web site. Open Open Tab   Provides Information Frontier News for Entrepreneurs. Open Open Tab   Provides Information Inside China Today Chinese business, economic and political news, courtesy of the European Internet Network. Open Open Tab   Provides Information Institute for Policy Studies A think tank for progressive research and action to promote values of justice, nonviolence, sustainability, and decency. Open Open Tab   Provides Information International Monetary Fund (IMF) News, information, research and other materials from official IMF website. Open Open Tab   Provides Information InternetNews.com Mecklermedia's InternetNews.com covers business, e-commerce, financial, international, Intranet and ISP news. Open Open Tab   Provides Information Journal of Commerce Online The units of the Journal of Commerce Group collectively make up the world's leading source of information on international trade logistics, as well as domestic logistics and international maritime commerce. Open Open Tab   Provides Information Lafferty Group Providers of high value business intelligence including newsletters, reports, executive education, conferences and online learning, on the financial services, accountancy and consulting sectors. Open Open Tab   Provides Information Microsoft Investor Offers superior portfolio management tools and market reports. Open Open Tab   Provides Information Mondaq Business Briefing Provides global coverage of business legislation and regulations, corporate finance and financial markets. Open Open Tab   Provides Information MoreOver.com Brings you the lastest Business news. And webmaster can get live newsfeeds for their website. Open Open Tab   Provides Information Motley Fool, The This popular site presents a mix of business and financial news, stock market commentary, model portfolios and intelligent humor. Open Open Tab   Provides Information Motley Fool: News Read Fool News and get timely investment news and analysis, with a generous helping of humor. Open Open Tab   Provides Information MSNBC: Business Features a wide selection of business and financial news articles. Open Open Tab   Provides Information National Bureau of Economic Research A private, nonprofit, nonpartisan research organization to promote a greater understanding of how the economy works. Open Open Tab   Provides Information Newstrack A business news audio digest, available in cassette, CD, and RealAudio forms. Open Open Tab   Provides Information PR Newswire Founded in 1954, this service offers financial and business news stories and company press releases. Open Open Tab   Provides Information Reason Online A conservative research and educational organization that promotes public policies based on rationality and freedom. Open Open Tab   Provides Information Russia Today Sponsored by the European Internet Network, Russia Today offers business and political news headlines. Open Open Tab   Provides Information SEC News Digest provides daily information on recent Commission actions, including enforcement proceedings, rule filings, policy statements, and upcoming Commission meetings. Open Open Tab   Provides Information Sierra Club's Responsible Trade Campaign Information, commentary and other resources about global trade and impact on the environment from environmentalist organization the Sierra Club. Open Open Tab   Provides Information TechInvestor CMP's TechInvestor provides feature articles, market and company news, stock quotes, investment strategies, IPO info, press releases, a discussion forum, an e-mail newsletter. Open Open Tab   Provides Information The Digital Tool Breaking stories on technology, convergence, startups in addition to useful tools for business, investing, and the good life. Open Open Tab   Provides Information The Global South Monthly e-journal on the Global South and issues of development. Open Open Tab   Provides Information Turning Points Online monthly publication on the state of the U.S. economy. Aimed for business and investment professionals. Open Open Tab   Provides Information U.S. Federal Trade Commission Antitrust/Competition Open Open Tab   Provides Information US News US news you can use on money, health, tech. travel work and more. Open Open Tab   Provides Information Vanderbilt Center for Environmental Management Studies Interdisciplinary research center for the study of environmental issues faced by business firms. Open Open Tab   Provides Information Worth The Business of you. Keep up with the latest financial changes. Open Open Tab   Provides Information ZDNN Ziff-Davis offers Internet, business and computing news headlines, articles and commentary. Includes links, a searchable database and ZDNN radio. Open Open Tab   Provides Information ZDNNews: Business Technology related business news. Open Open Tab   Provides Information Profits and/or Losses - Earnings Apollo Third-quarter Profit Up To $1.26 a Share Apollo Group Inc. said late Monday that its fiscal third-quarter profit rose to $201.1 million, or $1.26 a share, from $139.1 million, or 85 cents a share, in the year-ago period. Revenue increased to $1.05 billion from $835.2 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of $1.12 a share on revenue of $1.04 billion. Open Open Tab June 29, 2009 Provides Information H&R Block Quarterly Income Jumps To $2.09 a Share H&R Block Inc. late Monday reported a fourth-quarter net income of $706.9 million, or $2.09 a share, compared with a profit of $543.6 million, or $1.66 a share, in the same period last year. Revenue slid to $2.47 billion from $2.54 billion a year earlier. Analysts polled by FactSet projected earnings of $2.06 a share on revenue of $2.53 billion. In 2010, the tax services provider expects adjusted earnings of $1.60 to $1.80 a share. Open Open Tab June 29, 2009 Provides Information Tibco Second-quarter Profit Nearly Triples Tibco Software Inc. said late Thursday that its second-quarter profit rose to $10.1 million, or 6 cents a share, from $3.5 million, or 2 cents a share, in the year-ago period. Excluding one-time items, the company would have reported earnings of 11 cents a share. Open Open Tab June 25, 2009 Provides Information Darden Reports Higher Profit Sales included an extra week of business in the most recent period. Same-restaurant sales for Olive Garden, Red Lobster and LongHorn Steakhouse fell 1.4%. For fiscal 2010, Darden said it expects to earn between $2.59 and $2.85 a share. Darden shares closed at $33 ahead of the report. The stock is up 17% this year. Open Open Tab June 23, 2009 Provides Information H.B. Fuller Second-quarter Net Falls To $17.6 Mln H.B. Fuller Co. said late Tuesday that its fiscal second-quarter profit fell to $17.6 million, or 36 cents a share, from $21.4 million, or 41 cents a share, in the year-ago period. Revenue fell to $299.2 million from $356.8 million last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 28 cents a share on revenue of $311.4 million. Open Open Tab June 23, 2009 Provides Information Jabil Circuit Swings To a $28.8 Million Loss Jabil Circuit Inc. on Tuesday reported a fiscal third-quarter loss of $28.8 million, or 14 cents a share, compared to a profit of $38.4 million, or 19 cents a share, in the same period a year ago. Revenue for the electronics contract manufacturer fell to $2.6 billion from last year's sales of $3.1 billion. Open Open Tab June 23, 2009 Provides Information Oracle Profit Slumps, But Tops Wall Street Views Oracle Corp. said Tuesday its fiscal fourth-quarter net income fell to $1.9 billion, or 38 cents a share, from $2 billion, or 39 cents a share in the same period a year earlier. Revenue for the period ended in May fell 5% to $6.9 billion, Oracle said. Open Open Tab June 23, 2009 Provides Information Steel Dynamics Sees Second-quarter Loss Steel Dynamics Inc. said Friday it estimates a loss of 10 cents to 15 cents a share in the second quarter, but believes the price of flat rolled steel may have reached a bottom. Analysts surveyed by FactSet Research expect a loss of 9 cents a share. Open Open Tab June 19, 2009 Provides Information Discover Profits in 2Q as Lawsuit Comes to a Close Shares of Discover Financial Services rose Thursday after the credit card company reported a fiscal second quarter profit primarily due to a lawsuit settlement. Open Open Tab June 18, 2009 Provides Information RIM Earnings Jump In First Quarter Research In Motion Ltd. said Thursday afternoon that earnings for its first fiscal quarter jumped 33% thanks to strong sales of the company's line of BlackBerry smartphones. For the period ended May 30, RIM said it earned $643 million, or $1.12 a share, compared to earnings of $482.5 million, or 84 cents a share, for the same period the previous year. Open Open Tab June 18, 2009 Provides Information Best Buy Q1 Earnings Fall 15% to $153 Million Big-box retailer says market share gains were "accelerated in March and April" because of Circuit City's liquidation. Open Open Tab June 16, 2009 Provides Information National Semiconductor Swing To $63.7 Million Loss National Semiconductor Corp. on Thursday reported a fiscal fourth-quarter loss of $63.7 million, or 28 cents a share, on revenue of $281 million. Analysts surveyed by Thomson Reuters had forecast National Semi to lose 38 cents a share on $273 million in sales. Open Open Tab June 11, 2009 Provides Information Barnes Group Withdraws 2009 Earnings Outlook Barnes Group late Tuesday said it is withdrawing its 2009 earnings outlook due to increased uncertainty in the transportation sector, which accounts for about one-third of its revenues. Open Open Tab June 9, 2009 Provides Information Pall Profit Falls 30% On Weak Industrial Sales Pall Corp. reported late Monday fiscal third-quarter net income fell to $44.2 million, or 37 cents a share, from $63.3 million, or 51 cents, a year ago. Excluding restructuring costs and other one-time items, the filtration specialist earned 42 cents a share compared with 51 cents a year earlier. Open Open Tab June 8, 2009 Provides Information TI Raises Second-Quarter Targets The Dallas-based chip maker said it now expects revenue in the range of $2.3 billion and $2.5 billion, compared to a previous range of $1.95 billion and $2.4 billion. Open Open Tab June 8, 2009 Provides Information Cooper Cos. Second-quarter Profit Rises Cooper Cos. said late Thursday that its fiscal second-quarter profit rose to $24.6 million, or 54 cents a share, from $11.2 million, or 25 cents a share, in the year-ago period. Revenue increased to $260.6 million from $259.2 million last year. Open Open Tab June 4, 2009 Provides Information Guess Rises To Pace Advance In Retail Sector Guess Inc. shares rose more than 5% to $28.53 early Friday, helping to boost the broader sector after the teen clothing retailer posted better-than-expected quarterly results a day earlier. Open Open Tab June 5, 2009 Provides Information Guess Tops Profit Target Guess Inc. Thursday afternoon reported net earnings for the quarter ended May 2 fell 32% from a year ago. But its profit exceeded analyst expectations and the clothing and apparel maker offered a bright forecast, sending its shares higher in late trading. Open Open Tab June 4, 2009 Provides Information SAIC First-quarter Profit Rises SAIC Inc. said late Wednesday that its first-quarter profit rose to $116 million, or 28 cents a share, from $103 million, or 24 cents a share, in the year-ago period. Revenue rose to $2.65 billion from $2.34 billion last year. Analysts surveyed by FactSet Research estimated a quarterly profit of 27 cents a share on revenue of $2.51 billion. Open Open Tab June 3, 2009 Provides Information Lions Gate Annual Loss Widens In 2009 Lions Gate Entertainment Corp. said late Monday that its fiscal 2009 loss widened to $163 million, or $1.40 a share, from $74 million, or 62 cents a share, in the year-ago period. Open Open Tab June 1, 2009 Provides Information Dell Earnings Plunge 63% In First Quarter Dell Inc. said Thursday afternoon that earnings plunged 63% on a sharp drop in PC sales, as well as restructuring charges. For the quarter ended May 1, the PC maker said net income was $290 million, or 15 cents a share, compared to earnings of $784 million, or 38 cents a share, for the same period the previous year. Open Open Tab May 28, 2009 Provides Information Costco Profit Just Misses View; Big Lots Tops Expectations Costco Wholesale Corp posted a lower quarterly profit Thursday that fell just short of Wall Street's expectations, as shoppers cut spending on discretionary items like clothes and jewelry. Open Open Tab May 28, 2009 Provides Information J. Crew Profit Drops 33% Apparel retailer J. Crew Group Inc. reported late Thursday fiscal first-quarter net income fell to $20.4 million, or 32 cents a share, from $30.5 million, or 48 cents, a year ago. Severance and asset writedowns trimmed about 2 cents a share from the bottom line. Open Open Tab May 28, 2009 Provides Information Marvell Technology Swings To a Loss Marvell Technology on Thursday reported a fiscal first-quarter loss of $39.5 million, or 6 cents a share, compared with a profit of $69.9 million, or 11 cents a share, for the year earlier period. Open Open Tab May 28, 2009 Provides Information Novell Second-quarter Profit More Than Doubles Business software provider Novell Inc. said Thursday its fiscal second-quarter net income rose to $15.6 million, or 5 cents a share, from $5.9 million, or 2 cents a share in the same period a year earlier. Waltham, Mass.-based Novell said revenue for the period ended in April fell to $215.6 million from $235.7 million. Open Open Tab May 28, 2009 Provides Information Donaldson Third-quarter Profit Falls Donaldson Co. said late Tuesday that its fiscal third-quarter profit fell to $26.6 million, or 34 cents a share, from $46 million, or 57 cents a share, in the year-ago period. Open Open Tab May 26, 2009 Provides Information Take-Two Swings To a Loss In Second Quarter For the quarter ended April 30, Take-Two reported a net loss of $10.1 million, or 13 cents a share, compared to earnings of $98.2 million, or $1.29 per share, for the same period the previous year. Excluding charges related to stock-option expenses and some one-time items, the company said it would have lost $2.9 million, or 4 cents a share, in the recent quarter. Open Open Tab May 26, 2009 Provides Information Autodesk posts 1Q loss, plans job cuts Design and engineering software maker Autodesk Inc. posted a net loss for its fiscal first quarter Thursday, hurt by a sharp revenue drop, goodwill impairment and restructuring charges. Open Open Tab May 21, 2009 Provides Information Citi Sees S&P 500 Earnings Up 10% In 2010 Citigroup Inc. raised its earnings estimate by 10% for the S&P 500 next year, the bank said Thursday in a note to clients. The bank reiterated a $51 operating earnings per share for 2009, and beefed-up its guidance for 2010 from $54 to $56, and believes it will jump 14% to $64 in 2011. Open Open Tab May 21, 2009 Provides Information Gap Profit Falls Nearly 14% Across the board geographic weakness, especially at its Old Navy stores in North America, dragged down Gap Inc.'s first-quarter profit, the apparel retailer said Thursday. Open Open Tab May 21, 2009 Provides Information Lenovo Profit Down Again as High-end Sales Suffer Lenovo posted a greater quarterly net loss than in the previous three months as the world's fourth-biggest PC vendor began restructuring and continued to suffer from weak demand for high-end products. Open Open Tab May 21, 2009 Provides Information Sears Swings To First-quater Profit; Shares Rise Sears Holdings Corp. said late Thursday that it swung to a first-quarter profit of $26 million, or 21 cents a share, from a loss of $56 million, or 43 cents a share, in the year-ago period. Open Open Tab May 21, 2009 Provides Information Computer Sciences Posts Higher Quarterly Profit Computer Sciences Corp. on Wednesday reported a fiscal fourth-quarter profit of $382.3 million, or $2.51 a share, compared with a profit of $181.7 million, or $1.15 a share, for the year-earlier period. Open Open Tab May 20, 2009 Provides Information Limited Brands Posts Surprise Profit Limited Brands Inc. , owner of Victoria's Secret and Bath & Body Works, late Wednesday reported net income dropped to $2.6 million, or 1 cent a share, for its first quarter. Analysts surveyed by FactSet had expected a loss of 4 cents. Sales slid 10% to $1.7 billion. Open Open Tab May 20, 2009 Provides Information PetSmart Soars Past Earnings Expectations A lot of people are continuing to spend big money on their pets in the down economy, though a lot of furry friends are getting left behind. Open Open Tab May 20, 2009 Provides Information Target CFO Sees 2Q Profit Estimates "achievable" Target Corp. Chief Financial Officer Doug Scovanner said Wednesday Wall Street's profit expectations of 63 cents a share for the second quarter and $1.46 for the year seem "achievable" even though he cautioned that "meeting or exceeding estimates "remains challenging. Open Open Tab May 20, 2009 Provides Information Analog Devices' Second-quarter Profit Tumbles Analog Devices late Tuesday reported its second-quarter net income fell to $51.8 million, or 18 cents a share, from a net income of $133.1 million, or 45 cents a share, in the year-earlier period. Open Open Tab May 19, 2009 Provides Information HP profit drops 17 pct; PC, ink sales stumble Hewlett-Packard Co.'s quarterly profit dropped 17 percent on lighter sales in two key areas, personal computers and printer ink, in a sign that the woes in consumer technology spending have dragged on beyond the miserable holiday season.     May 19, 2009 Provides Information Phillips-Van Heusen First-quarter Profit Falls Phillips-Van Heusen Corp. said late Tuesday that its first-quarter profit fell to $24.7 million, or 48 cents a share, from $46.8 million, or 90 cents a share, in the year-ago period. Open Open Tab May 19, 2009 Provides Information D&H Distributing Sees 6% Sales Growth in Q4 2009 Attributes growth to identifying emerging technologies and its services and support. Open Open Tab May 18, 2009 Provides Information Lowe's Raises Forecast as Profit Tops View Lowe’s posted a better-than-expected profit and boosted its outlook for the year, sending shares higher on Monday.     May 18, 2009 Provides Information Panasonic slumps to $4 billion yearly loss Panasonic Corp. slumped deep into the red last fiscal year, joining the expanding club of big Japanese brands shellshocked by their rapid descent from cash cow to money loser. Open Open Tab May 15, 2009 Provides Information Blockbuster Profit Declines 39% On Items Home video rental chain Blockbuster Inc. said its first-quarter profit declined 39% on costs related to store closures, job cuts and other items, as well as decreased sales at its U.S. stores. Open Open Tab May 14, 2009 Provides Information Sony reports $1 billion annual loss Sony lost 165 billion yen ($1.72 billion) in the quarter that ended March 31, the fourth quarter of its fiscal year, compared with net income of 29 billion yen in the year-ago period. Open Open Tab May 14, 2009 Provides Information Vivendi's Profit Fell 14%, Outlook Confirmed French telecoms, media and gaming giant Vivendi SA on Thursday posted a 14% drop in first-quarter net income to 477 million euros, or 0.40 euro a share, from 555 million euros, or 0.47 euro a share, earned in the year-earlier quarter. Open Open Tab May 14, 2009 Provides Information New element found to be a superconductor Of the 92 naturally occurring elements, add another to the list of those that are superconductors. Open Open Tab May 13, 2009 Provides Information Whole Foods Profit Down 32%, Sales Flat Whole Foods Market late Wednesday reported net income fell 32% to $27.3 million, or 19 cents a share, for its fiscal second quarter. Analysts polled by FactSet Research had expected 18 cents a share. A year ago, Whole Foods posted net income of $40 million, or 29 cents a share. Open Open Tab May 13, 2009 Provides Information Applied Materials Notches Another Loss Semiconductor-equipment maker Applied Materials weighed in Tuesday with its second-straight quarterly loss amid a 53% plunge in revenue and “exceptionally weak demand” for its products. Open Open Tab May 12, 2009 Provides Information BMC Software Profit Slips As Sales Grow 3% BMC Software Inc. said Tuesday its fiscal fourth-quarter net income fell to $83 million, or 45 cents a share, from $97 million, or 50 cents a share in the same period a year earlier. Open Open Tab May 12, 2009 Provides Information Budget Falls Into Red In April 1st Time Since 1983 With the recession undermining income-tax receipts, the U.S. government recorded a $20.9 billion deficit last month, the first April deficit in 26 years, the Treasury Department reported Tuesday. Open Open Tab May 12, 2009 Provides Information Japan's NEC reports 3.05 bln dollar annual loss Japanese electronics giant NEC Corp. announced Tuesday a net loss of 296.6 billion yen (3.05 billion dollars) for the year to March due to the global economic downturn. Open Open Tab May 12, 2009 Provides Information Dish Network 1Q profit rises 21 percent Dish Network Corp., the second-largest satellite TV provider in the U.S., surprised investors Monday by posting first-quarter results that were not as bad as feared. Earnings rose by 21 percent on the back of price increases and lower costs.     May 11, 2009 Provides Information MBIA Posts Hefty Profit In First Quarter MBIA Inc. late Monday reported a first-quarter net income of $701 million, or $3.34 a share, after adjusting for preferred stock dividends of MBIA Insurance Corp. Open Open Tab May 11, 2009 Provides Information McDermott Profit Falls 37% Engineering and construction company McDermott International, Inc. reported late Monday first-quarter net income fell to $77.7 million, or 33 cents a share, from $123.2 million, or 54 cents, a year ago. Open Open Tab May 11, 2009 Provides Information Winn-Dixie Posts Higher Profit; Outlook Raised Supermarket-chain Winn-Dixie Stores Inc. late Monday reported fiscal third-quarter net income of $16.6 million, or 30 cents a share, up from $15 million, or 28 cents a share, in the year-ago period. Open Open Tab May 11, 2009 Provides Information Berkshire Hathaway Swings to Loss on Falling Revenue, Investments Berkshire Hathaway swung to a loss in its first quarter on investment losses and as revenue fell, and the company said it expected the economic downturn to continue at least for the rest of the year. Open Open Tab May 8, 2009 Provides Information Telecom Italia's Quarterly Profit Slips 5% Telecom Italia on Thursday said first-quarter net income fell 5% to 463 million euros ($615 million) from 485 million euros earned in the year-earlier period. Sales fell 7% to 6.8 billion euros. The group confirmed its outlook for 2009. Open Open Tab May 7, 2009 Provides Information Alcatel-Lucent net loss widens in 1Q Alcatel-Lucent's net loss widened in the first quarter as sales of both wireless and wireline communications gear continued to fall in all major markets amid the global economic downturn. Open Open Tab May 6, 2009 Provides Information Expeditors' Profit Slides To 27 Cents a Share Expeditors International late Wednesday reported a first-quarter profit of $59.4 million, or 27 cents a share, down from $66.5 million, or 30 cents a share, a year ago. Open Open Tab May 6, 2009 Provides Information Garmin sees drop in first-quarter earnings Slower consumer spending and lower demand from retailers led to Garmin's "most challenging quarter" since going public in 2000, the GPS device maker's CEO said Wednesday. Open Open Tab May 6, 2009 Provides Information Murphy Oil Profit More Than Halved Murphy Oil Corp. reported late Wednesday first-quarter earnings fell to $171.1 million, or 89 cents a share, from $409 million, or $2.14 cents a share, a year ago. Open Open Tab May 6, 2009 Provides Information Planar Reports $2.7M Loss for Fiscal Q2 2009 The "lower-than-anticipated" loss is down from $5.2 million loss in Q2 2008. Open Open Tab May 6, 2009 Provides Information Post office has $1.9 billion loss in quarter The post office was $1.9 billion in the red for the second quarter of the fiscal year and continues to face the possibility of running out of money before year's end. Open Open Tab May 6, 2009 Provides Information Sunoco Swings To Profit Independent petroleum refiner Sunoco Inc. reported late Wednesday first-quarter earnings rose to $12 million, or 10 cents a share, from a year-ago loss of $59 million, or 50 cents a share. Revenue for the three months ended March 31 fell to $6.44 billion from $12.81 billion. Open Open Tab May 6, 2009 Provides Information Tesoro Swings To Profit Independent oil refiner Tesoro Corp. said late Wednesday it swung to a first-quarter profit of $51 million, or 37 cents a share, from a loss of $82 million, or 60 cents a share, a year ago. Open Open Tab May 6, 2009 Provides Information Centex Fourth-quarter Loss Narrows Centex Corp. said late Tuesday that its fiscal fourth-quarter loss narrowed to $402.8 million, or $3.24 a share, from $910.5 million, or $7.36 a share, in the year-ago period. Revenue fell to $823.2 million from $2.31 billion last year. Open Open Tab May 5, 2009 Provides Information Belden Reports $33M Net Loss for Fiscal Q1 2009 Revenue for Q1 2009 drops to $328.5 million from $511.8 million in Q1 2008. Open Open Tab May 4, 2009 Provides Information D.R. Horton Narrows Loss In Second Quarter D.R. Horton Inc. late Monday reported it lost $108.6 million, or 34 cents a share in the second quarter, narrowing from a loss of $1.31 billion, or $4.14 a share in the same quarter last year. Open Open Tab May 4, 2009 Provides Information McKesson Profit Dips Slightly, Sales Stay Flat Health-care services company McKesson Corp. on Monday reported a fourth-quarter profit of $281 million, or $1.01 a share, down from $307 million, or $1.05 a share, a year ago. Open Open Tab May 4, 2009 Provides Information MGM First-quarter Profit Falls To 38 Cents a Share MGM Mirage said late Monday that its first-quarter profit fell to $105.2 million, or 38 cents a share, from $118.3 million, or 40 cents a share, in the year-ago period. Open Open Tab May 4, 2009 Provides Information Netsuite reports Q1; CEO calls growth "impressive" NetSuite, which makes Web-based business software, reported a first quarter net loss of $3.7 million, or 6 cents per share, on sales of $41.6 million, a 22 percent increase over the year-ago quarter. Excluding items, the company reported a first quarter profit of $1 million, or 2 cents per share. Wall Street analysts had been expecting a break-even quarter. Open Open Tab May 4, 2009 Provides Information Principal Financial Profit Falls Principal Financial Group said on Monday that its first quarter profit slipped to $121 million, or 43 cents a share, compared to $182.4 million, or 67 cents a share a year ago Open Open Tab May 4, 2009 Provides Information Sprint blames economy for Q1 customer losses Sprint Nextel is blaming the economy for a steep decline in subscribers, though its prepaid and wholesale businesses are seen as important growth areas as the company faces stiff competition. Open Open Tab May 4, 2009 Provides Information Comcast 1Q profit up 6 percent on new customers Shares of Comcast Corp. rose Thursday after the nation's largest cable TV provider reported a 6 percent increase in first-quarter earnings and said it gained more subscribers than expected, without having to do much discounting.     April 30, 2009 Provides Information Hartford Reports Quarterly Net Loss Of $1.21 Bln Hartford Financial Services reported a first-quarter net loss of $1.209 billion, or $3.77 a share, late Thursday. That compares to first-quarter net income of $145 million, or 46 cents a share, a year earlier. Open Open Tab April 30, 2009 Provides Information Maxim Integrated Swings To Third-quarter Loss Maxim Integrated Products on Thursday reported third-quarter loss of $26.4 million, or 9 cents a share, compared with a profit of $61 million, or 19 cents a share for the year-earlier period. Open Open Tab April 30, 2009 Provides Information MetLife Reports Quarterly Net Loss Of $574 Million MetLife Inc. reported a first-quarter net loss of $574 million, or 71 cents a share, late Thursday. That compares to net income of $615 million, or 84 cents a share, a year earlier. Operating earnings, which exclude net realized investment gains and losses, were $159 million, or 20 cents a share, in the latest period. Open Open Tab April 30, 2009 Provides Information QLogic Earnings Fall 16% In Fourth Fiscal Quarter QLogic Corp. saw earnings slip 16% in its fourth fiscal quarter as sales declined across all the company's networking businesses. Open Open Tab April 30, 2009 Provides Information AOL Ad Revenue Plummets in Q1 AOL's ad revenue fell 20 percent in the first quarter year-on-year, another troubling sign that its transformation into an advertising-supported business is off track. Open Open Tab April 29, 2009 Provides Information Emulex' earnings fall as it fights off Broadcom Emulex has announced figures showing a fall in third quarter earnings and a loss, emphasising its weak position facing the Broadcom bid. Open Open Tab April 29, 2009 Provides Information JDS Uniphase Third-quarter Loss Widens JDS Uniphase Corp. said late Wednesday that its fiscal third-quarter loss widened to $85.2 million, or 40 cents a share, from $6.2 million, or 3 cents a share, in the year-ago period. Open Open Tab April 29, 2009 Provides Information LSI Loss Widens, Though Sales Top Estimates LSI Corp. said Wednesday its first-quarter net loss widened compared to the period a year earlier, as sales fell 27%. The semiconductor and software company said its net loss for the period ended in April was $104 million, or 16 cents a share, compared to a net loss of $14 million, or 2 cents a share in the period last year. Open Open Tab April 29, 2009 Provides Information Qwest 1Q earnings rise 37 pct after cost cuts First-quarter earnings at Qwest Communications International Inc. rose 37 percent, as the phone company was helped by cost-cutting and a lower tax rate.     April 29, 2009 Provides Information STMicroelectronics First-quarter Loss Widens STMicroelectronics NV said late Wednesday that its first-quarter loss widened to $541 million, or 62 cents a share, from $84 million, or 9 cents a share, in the year-ago period. Open Open Tab April 29, 2009 Provides Information Unum Reports Quarterly Net Income Of $164.9 Mln Unum Group said late Wednesday that first-quarter net income came in at $164.9 million, or 50 cents per common share, up slightly from a year earlier when the disability benefits company made $163.1 million, or 46 cents per common share. Open Open Tab April 29, 2009 Provides Information EarthLink profits as subscriber loss slows slightly EarthLink beat analyst expectations for the first quarter of 2009 as fewer customers dumped its Internet service. Open Open Tab April 28, 2009 Provides Information VF Profit Down 32%, Outlook Cut VF Corp. , maker of Wrangler jeans and North Face apparel, late Tuesday reported its net income fell 32% from a year ago due to higher pension costs and a stronger U.S. dollar. Open Open Tab April 28, 2009 Provides Information DRAM Maker Elpida Forecasts Big Full Year Loss Japan's Elpida Memory made a massive loss in the year to March 31 due to falling DRAM prices, according to preliminary figures published Monday. Open Open Tab April 27, 2009 Provides Information Japan's Sharp reports 1.3 bln dollar annual loss Japanese electronics giant Sharp Corp. announced an annual net loss of 1.3 billion dollars, its first ever, due to a slump in sales, but it forecast a return to profit this year. Open Open Tab April 27, 2009 Provides Information InFocus Loses $8.1M in Fiscal Q1 2009 Projector maker lost $1.8M for same three-month period in 2008. Open Open Tab April 27, 2009 Provides Information Qualcomm posts 2nd-qtr loss on legal settlement Qualcomm Inc. posted a fiscal second-quarter loss Monday on a hefty payment to rival chip maker Broadcom Corp. to end legal disputes that spanned several continents. Open