Official: Bailout returns will have conditions

Posted by Financial Service News on May 5th, 2009

The government will require banks seeking to return federal bailout money to prove they don't need other special federal assistance, a condition that will make it harder for some institutions to escape restrictions on executive compensation.

Harley-Davidson dealers lose leadership position in motorcycle customer satisfaction index

Posted by Financial Market News on May 5th, 2009
Motorcycle News

Annual motorcycle industry benchmarking study measures how each brand's dealerships treat motorcycle shoppers Ducati dealerships ranked highest in the newly released 2009 Pied Piper Prospect Satisfaction Index U.S. Motorcycle Industry Study, one of a series of annual benchmarking studies which measure how consumers are treated when shopping for a ...

Full Story: Harley-Davidson dealers lose leadership position in customer satisfaction index.

SEC accuses top execs of fraud

Posted by Financial Service News on May 5th, 2009

Federal regulators on Tuesday accused Reserve Management Co. Inc. and its two top executives of fraud, saying they withheld key facts from investors when its big money-market fund "broke the buck" last fall.

Legg Mason shares dive after posting loss

Posted by Financial Service News on May 5th, 2009

Legg Mason Inc's quarterly loss widened as it pared toxic assets from its books and cut its quarterly dividend 88 percent to 3 cents per share, sending the money manager's shares down 18 percent.

Australia leaves interest rates on hold

Posted by Financial Service News on May 5th, 2009

Australia's central bank decided Tuesday to leave its key interest rate unchanged at 3 percent, and cautiously noted some hopeful signs in the world economy despite continuing near-term gloom.

UBS warns stock market rally is not a sign the worst is over for global economy

Posted by Financial Service News on May 5th, 2009

UBS, the Swiss bank which has written down $50bn of assets since the credit crisis erupted in 2007, warned today that the recent rally in global stock markets should not be taken as a sign that the worst of the recession is over.

Survey: Oil execs see rough path ahead for alternative energy

Posted by Financial Service News on May 5th, 2009

Despite millions in new investments and President Barack Obama's push for clean energy technology, many oil and gas executives say mass production of renewable energy is not likely before at least the middle of the next decade, a new survey showed Monday.


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