Treasury Faces Pressure On Price Of TARP Exit

Posted by Financial Service News on June 14th, 2009

The U.S. Treasury Department is facing mounting pressure to ensure that taxpayers get a fair return on banks' warrants as the largest firms prepare to shake off government ownership stakes.

Business News at

Posted by Financial Market News on June 14th, 2009

Published: Sunday, June 14, 2009 at 1:37 p.m. Last Modified: Sunday, June 14, 2009 at 1:37 p.m. The supervisor is Dan Scheraga .

Aussie and Kiwi researchers make double MS genetic discovery

Posted by Financial Service News on June 14th, 2009

Australian and New Zealand researchers have accelerated research into Multiple Sclerosis by discovering two new locations of genes which will help to unravel the causes of MS and other autoimmune disease.

IMF bond plan attracts emerging countries

Posted by Financial Market News on June 14th, 2009

WASHINGTON: The International Monetary Fund's plan to issue bonds for the first time has attracted several large emerging countries looking to diversify investments to the detriment of the dollar, whose luster is dimming under the mushrooming US budget deficit.

Amazon to pay Toys R Us US$51 million to settle long-standing dispute

Posted by Financial Service News on June 14th, 2009

Amazon.com Inc. will pay US$51 million to Toys R Us Inc. to end a long-standing legal dispute between the online retailer and the toy seller.

Stocks set to drift without economic growth signs

Posted by Financial Market News on June 14th, 2009

The summer slowdown is setting in on Wall Street. The stock market has been drifting, stalling a three-month rally, and analysts say investors need to see more concrete signs of economic growth before they'll take stocks higher.

Saudi’s Kingdom Holding reaches for the sky

Posted by Financial Service News on June 14th, 2009

The Saudi investment firm run by a Saudi billionaire with a big Citigroup stake is pressing ahead with plans to build the world's tallest building despite the global meltdown.

For industrial towns where the recession arrived long ago, the road to recovery looks longer

Posted by Financial Market News on June 14th, 2009

Tim Holt was among the men and women who wove fabric and prosperity here for generations, until the textile factories left town in a global manufacturing shift that the rest of the country hardly seemed to notice.

Flaherty says budget officer ‘wrong’ to predict long-term deficits

Posted by Financial Service News on June 14th, 2009

Finance Minister Jim Flaherty has dismissed a prediction of deeper, longer-term deficits from Parliament's budget watchdog.

U.S. stocks limp to weak close

Posted by Financial Market News on June 14th, 2009

A rise in defensive stocks including pharmaceuticals failed to inspire the Dow and S&P 500 Friday, while tech shares pressured the Nasdaq after National Semiconductor's disappointing outlook.


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