Business Update: Goldman defiant

Posted by Financial Service News on March 21st, 2009

Goldman Sachs said it did nothing wrong when it accepted almost $13 billion in payments from government-supported AIG.

Behind the newspaper naysayers

Posted by Financial Market News on March 21st, 2009

As many newspaper companies try to turn themselves around in a brutal economy, under huge debt loads and against a backdrop of increasingly funereal media coverage, it's worth looking at the behavior and motives of some of the industry's harshest critics.

WaMu Inc. sues FDIC over ‘fire sale’

Posted by Financial Service News on March 21st, 2009

Washington Mutual's holding company is suing federal regulators for billions of dollars, saying the firesale of the bank's assets to JPMorgan Chase violated its rights.

Wall St faces biggest test

Posted by Financial Market News on March 21st, 2009

A street sign is seen on Wall Street outside the New York Stock Exchange. Reuters NEW YORK: Wall Street's attempt to recover further from 12-year lows faces its biggest test yet next week in the Treasury's long-delayed bank rescue plan.

Citi CEO says bonus tax could hurt financial firms

Posted by Financial Service News on March 21st, 2009

NEW YORK - Citigroup Inc.'s CEO Vikram Pandit pushed back Friday against efforts in Washington to tax bonuses at financial companies that received federal bailout funds, saying it could result in the loss of valuable employees right when they're most needed.

Credit Agencies Give Calif. Nation’s Lowest Rating

Posted by Financial Market News on March 21st, 2009

All three major credit agencies are giving California the nation's lowest bond rating.

Fannie Mae CEO defends retention bonuses

Posted by Financial Service News on March 21st, 2009

Herbert Allison, installed by government regulators as CEO of the company last fall, sent a companywide e-mail Friday defending Fannie Mae's bonus program for thousands of workers.

Higher hopes

Posted by Financial Market News on March 21st, 2009

A sharp rebound in bank shares and easing worries about the economy pushed stocks to their best week since late November.

New Student Loans Require Payments While in School

Posted by Financial Service News on March 21st, 2009

The running joke about student loans: Don't ever graduate, since you don't have to start paying them back until you do.

Base metals prices bottoming out, some on their way back up: analysts

Posted by Financial Market News on March 21st, 2009

With shrinking inventories, a jump in Chinese demand and a lower U.S. dollar, many analysts say base metals prices may have bottomed out and could be on their way back up.


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