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Bailout

Greek parliament votes in favour of austerity measures

Thu, 06/30/2011 - 13:02 by Jamie Anderson

Stringent they may sound but these austerity measures were a sine qua non if Greece was to have any chance of coming back from the brink of defaulting on its debt.

Greece Government wins confidence vote

Wed, 06/22/2011 - 15:42 by Jamie Anderson

The Greece's government survived a confidence vote late Tuesday, a crucial first step towards thwarting the euro zone's first sovereign debt default.

US earns $12bn profit on Citigroup bailout

Wed, 12/08/2010 - 15:03 by Anter Prakash Singh

The treasury announced on Monday that it has sold its last 2.4 billion shares of the Citigroup at $4.35 per share to private investors, thus earning $10.5 billion.

Gold, a haven, gains with dollar flat

Tue, 11/30/2010 - 07:56 by Prince damin

New York -- Gold prices rose in New York Monday as equities closed lower on worries a $90 billion bailout for Ireland did not cordon off investor fears in Europe.

The Dow Jones industrial average spent most of the day clawing back from early losses, closing with a loss of 39.51 points or 0.36 percent, to 11,052.49. The Standard & Poor's index dropped 0.14 percent, losing 1.64 points to 1,187.76.

Stocks were mostly higher in Asia, but lower in Europe Monday. Investors are concerned a flight from bond markets could spread to Portugal and from there to Spain, a far larger economy than the European Union has attempted to rescue so far.

GM back on the road to profitability

Tue, 05/18/2010 - 15:30 by Jamie Anderson

End of the tortuous loss making journey for the General Motors (GM). Once termed as one of the Detroit’s Big Three along with Ford and Chrysler; GM bailed out last year by the U.S. government, finally jumped out of the red after reeling under recessionary conditions for nearly three years.

Chrysler repays $1.9B loan

Tue, 05/18/2010 - 10:03 by Jamie Anderson

Chrysler Holding, parent company of Chrysler LLC, the besieged automaker that had opted for Chapter 11 protection last year, repaid $1.9 billion loan to the U.S. Treasury Department.

Your Best Chance to Profit in 2010

Sat, 02/06/2010 - 11:26 by Richard Gibbons
If, after 2008, you still expect the stock market to fund your retirement, most people probably consider you a few congressmen short of a bailout. (Zing!) Yes, it was tough being openly optimistic after a year in which every bull became a steer.

AIG CEO threatens to quit over pay cut

Wed, 11/11/2009 - 20:59 by Jaspreet Kaur

New York, November 11 -- According to a latest report, Robert Benmosche has threatened to resign as the chief executive of insurance giant American International Group (AIG) (NYSE:AIG), just three months after being appointed as the head of the insurance company that had recently received billions in government aid.

Insurance behemoth AIG precariously placed

Sun, 03/01/2009 - 13:00 by Jamie Anderson

New York, March 1: The colossal bailout package provided to the American International Group Inc (NYSE:AIG) by the U.S. government barely six months back has not put the insurance behemoth back on track. Six months on, AIG is precariously placed, and is in need of more succor.

Citigroup to get equity infusion

Fri, 02/27/2009 - 18:34 by Jamie Anderson

New York, February 27: Another lifeline granted to Citigroup! The U.S. government and Citigroup (NYSE:C; TYO: 8710; BVPASA: CIT) reached a pact late Thursday wherein the former has agreed to buy a stake ranging between 30 to 40 percent in the besieged financial services giant.

Citigroup report, economists' forecast send stocks higher

Mon, 02/23/2009 - 17:31 by Jamie Anderson

New York, February 23: Riding high on the news that the U.S. government will enhance its stake in the besieged banking behemoth Citigroup to tide over the financial crisis, the Asian markets remained bullish Monday, with Hong Kong and South Korea's benchmarks up more than 3 percent.

Dubai gets support from U.A.E. Central Bank

Mon, 02/23/2009 - 11:31 by Jamie Anderson

Dubai, February 23: The once vibrant and pulsating Dubai, with colossal construction and expansion plans that epitomized boom time, is now feeling the heat of recession. The United Arab Emirates’ Central Bank agreed to support the emirate as Dubai is finding it difficult to repay its debt.