What We Still Don't Know About The Citigroup Bailout
Updated: 2010-10-25 16:42:00
Bloomberg News has been asking for information for more than a year and a half.
Schwarzenegger says California got ‘best’ offer to sell state office buildings amid downturn
Updated: 2010-10-09 02:14:00Schwarzenegger: State got best offer for buildings SACRAMENTO, Calif. — While there are good reasons to own, Gov. Arnold Schwarzenegger said Friday that California has received solid offers to sell 24 state office buildings to private investors and then rent that space back. “It went through the bidding process … so let me tell you, we got ... Read the original article on Gaea Times at : Schwarzenegger says California got ‘best’ offer to sell state office buildings amid downturn.Calif. budget vote ends 100-day impasse but not state’s deficit, which will face new governor
Updated: 2010-10-08 23:19:53California budget perpetuates deficit spending SACRAMENTO, Calif. — Even as California lawmakers passed a budget Friday to end an unprecedented 100-day impasse, their spending plan looked to be so tenuous that the next governor was expected to face a multibillion dollar deficit from the moment he or she steps into office next year. Two-thirds of the budget ... Read more .Bank of America stops foreclosures across the country, expanding review of mortgage documents
Updated: 2010-10-08 22:33:47Bank of America stops US foreclosures for review WASHINGTON — Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market. The move came as PNC Financial Services became the fourth major ... Read this article on Gaea Times at : Bank of America stops foreclosures across the country, expanding review of mortgage documents.FDIC has authorized lawsuits against more than 50 executives, directors of failed banks
Updated: 2010-10-08 21:54:27FDIC targets failed bank execs with legal action WASHINGTON — Federal regulators have authorized legal action against more than 50 executives and directors of collapsed U.S. banks as they seek to recover about $1 billion in losses. A spokesman for the Federal Deposit Insurance Corp. said Friday that the regulator’s board has approved possible lawsuits over the .... Source Gaea News Network.Union vote begins Nov. 2 for Delta Air Lines passenger service workers
Updated: 2010-10-08 21:50:37Union vote dates set for some Delta ground workers MINNEAPOLIS — Passenger service workers at Delta Air Lines Inc. begin voting Nov. 2 on whether they want to be in a union. The International Association of Machinists and Aerospace Workers represented that group of workers at Northwest Airlines. It’s hoping to represent the combined group now that .... Original article on Gaea Times at Union vote begins Nov. 2 for Delta Air Lines passenger service workers.Economy loses 95,000 jobs as government layoffs exceed private hires
Updated: 2010-10-08 21:49:28Jobs crisis extends to unemployed, lawmakers WASHINGTON — There’s no relief from the jobs crisis — for everyday Americans or lawmakers facing the midterm elections. The most rampant layoffs of teachers and other local government workers in nearly three decades more than offset weak hiring in the private sector in September, resulting in a net loss of ... Read more : Economy loses 95,000 jobs as government layoffs exceed private hires.Nevada casino winnings up 11.5 percent in August to $62 million; Vegas Strip up 21 percent
Updated: 2010-10-08 20:55:32Nevada casino winnings up 11.5 percent in August LAS VEGAS — Casinos in Nevada won more than $944 million from gamblers in August, an increase of 11.5 percent compared with the same month one year ago, state gambling regulators said Friday. The Nevada Gaming Control Board said the state collected $61.8 million in taxes based on those ... Read more »raquo;»Economy loses 95K jobs in September; Treasury rates drop on expectations of a Fed move
Updated: 2010-10-08 20:46:01Treasury rates falling on gloomy jobs report NEW YORK — Treasury rates slipped for a fifth straight day after the government released another gloomy jobs report. The Labor Department said the economy lost 95,000 jobs in September. The unemployment rate remained 9.6 percent. That’s not as bad as the 9.7 percent unemployment rate the market expected. But traders .... Source Gaea News Network.Stocks climb as weak jobs report adds to hopes for Fed action; Dow moves above 11,000
Updated: 2010-10-08 20:29:41Stocks rise on hopes of Fed move, Dow breaches 11k NEW YORK — Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 for the first time since early May. High unemployment remains a major .... Read the original article Stocks climb as weak jobs report adds to hopes for Fed action; Dow moves above 11,000.Neb. tax revenue beat projections in September for 2nd month in a row to help budget outlook
Updated: 2010-10-08 18:30:53Neb. tax revenue tops projections 2 months in row LINCOLN, Neb. — Nebraska tax revenue beat projections in September for the second month in a row, according to a report released Friday, making it appear less likely a special legislative session will be needed to balance the current budget. The predictions for the next two-year state budget ... Read this article on Gaea Times at : Neb. tax revenue beat projections in September for 2nd month in a row to help budget outlook.Treasury: Businesses adds 8.1M workers, qualify for new tax break for hiring unemployed
Updated: 2010-10-08 17:26:34Treasury: 8.1M hires qualify for new tax break WASHINGTON — Businesses have hired 8.1 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Friday. The report, however, does not estimate how many of those jobs would have been added without the tax break. President Barack Obama signed a law .... Read the original article here.Dow strikes 11,000 as world markets recover on Fed easing hopes following soft jobs report
Updated: 2010-10-08 17:06:33Dow strikes 11,000 as world markets recover LONDON — The Dow Jones index breached the 11,000 mark for the first time since May as world stocks recovered Friday on mounting expectations that the Federal Reserve will ease monetary policy further next month following weak U.S. jobs data. While the prospect of more dollars in the system helped ... Read more : Dow strikes 11,000 as world markets recover on Fed easing hopes following soft jobs report.Stocks climb as weak jobs report adds to hopes for Fed action; Dow touches 11,000
Updated: 2010-10-08 16:50:17Stocks rise on hopes of Fed move, Dow touches 11k NEW YORK — Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 Friday for the first time since early May. It rose 50 points .... Read the original article Stocks climb as weak jobs report adds to hopes for Fed action; Dow touches 11,000.Stocks trade in tight range as weak jobs report adds to hopes for Federal Reserve action
Updated: 2010-10-08 16:09:50Stocks waver on expectations of Fed move NEW YORK — Stocks wavered Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average rose 12 points in late morning trading, while broader indexes were mixed. High unemployment remains a major hurdle as .... Source article on Gaea Times at Stocks trade in tight range as weak jobs report adds to hopes for Federal Reserve action.IMF head: Countries should avoid currency wars and focus on rebuilding economic cooperation
Updated: 2010-10-08 16:00:21IMF warns countries against currency wars WASHINGTON — The head of the International Monetary Fund on Friday urged global finance ministers to stop trying to manipulate their currencies for economic advantage and instead to join to save a fragile recovery. The global economy is struggling to emerge from the worst recession since the end of World War .... Source IMF head: Countries should avoid currency wars and focus on rebuilding economic cooperation.California lawmakers pass long-overdue budget aimed at closing $19 billion deficit
Updated: 2010-10-08 15:24:42California lawmakers pass long-overdue budget SACRAMENTO, Calif. — California lawmakers finally sent a financially shaky budget to Gov. Arnold Schwarzenegger early Friday, putting the state on track to start paying long-overdue bills but likely punting the state’s deficit problems to the next governor. Senators voted 27-9 in favor of the main bill in a legislative package aimed ... Read more : California lawmakers pass long-overdue budget aimed at closing $19 billion deficit.Stocks waver as weak jobs report adds to expectations for Federal Reserve action
Updated: 2010-10-08 14:41:42Stocks edge higher on expectations of Fed move NEW YORK — Stocks edged higher Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average rose 28 points in early trading. High unemployment remains a major hurdle as economic growth continues to ... Original source on Gaea Times at : Stocks waver as weak jobs report adds to expectations for Federal Reserve action.Stock futures dip as weak jobs report likely adds to expectations for Fed action
Updated: 2010-10-08 14:00:17Stock futures dip after jobs report NEW YORK — Stock futures dipped Friday after the government said the unemployment rate remained unchanged and private employers are still slow to add new workers. High unemployment remains a major hurdle as economic growth continues to be sluggish. The Labor Department’s report, considered the most important on the economic calendar, .... Original article Stock futures dip as weak jobs report likely adds to expectations for Fed action.California enters record 100th day without a budget as legislators work through the night
Updated: 2010-10-08 12:36:33California enters 100th day without a budget SACRAMENTO, Calif. — California entered its record 100th day without a budget Friday as state lawmakers worked through the night without reaching final agreement on a plan to close a $19 billion budget deficit. The state Senate struggled to pass the main bill in a legislative package aimed at ending ... Read more .Japan Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths
Updated: 2010-10-08 10:35:59Japan’s Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved 5.05 trillion yen ($61 billion) in new economic stimulus, the latest in a string of measures to shore up the country’s lethargic economy amid a battering from the strong yen. The plan also called for funding to secure rare earths needed for Japan’s .... Original article Japan Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths.Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths
Updated: 2010-10-08 05:16:10Japanese Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved 5.05 trillion yen ($61 billion) in new economic stimulus, the latest in a string of measures to shore up the country’s lethargic economy that has been battered by a surging yen. The plan also called for funding to secure rare earths needed for ... Read : Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths.Bennet, Buck ramp up attacks in Colorado’s 3rd Senate debate
Updated: 2010-10-08 03:56:03Bennet, Buck ramp up attacks in Colo. Senate race PUEBLO, Colo. — Democratic Sen. Michael Bennet ramped up criticism of his Republican challenger Thursday, pounding on the podium in his third debate with Republican Ken Buck and accusing his opponent of flip-flopping on Social Security and taxation. The candidates exchanged accusations of political deceit in their most ... Read : Bennet, Buck ramp up attacks in Colorado’s 3rd Senate debate.Japan Cabinet approves $61 billion in new economic stimulus measures
Updated: 2010-10-08 03:39:25Japan Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved a 5.05 trillion yen ($61 billion) stimulus package aimed at boosting the country’s flagging economic recovery. The package, to be submitted this month to parliament for approval, follows 915 billion yen ($11 billion) in measures that Prime Minister Naoto Kan’s government has already .... Source Gaea News Network.Japan Cabinet approves 5 trillion yen in new economic stimulus measures
Updated: 2010-10-08 02:56:42Japan Cabinet OKs 5 trillion yen economic stimulus TOKYO — The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country’s economy. The stimulus package approved Friday is aimed at halting the yen’s rise and battling deflation. Recent economic indicators in Japan have shown deteriorating exports, industrial production and corporate sentiment. The country .... Source Gaea News Network.Economy sheds 95K jobs due to wave of government layoffs; unemployment remains 9.6 percent
Updated: 2010-10-08 01:41:16Economy loses 95K jobs due to government layoffs WASHINGTON — A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation’s payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6 percent last month, the Labor Department said Friday. The jobless rate has now topped 9.5 .... Original article : Economy sheds 95K jobs due to wave of government layoffs; unemployment remains 9.6 percent.