General Electric Co. said Wednesday that it has begun to exit a program that allows companies to issue debt backed by the federal government, a tool the industrial and financial conglomerate used to raise money during the credit crunch.
After going over and under the break-even line several times during the day, the Toronto Stock Exchange ended Wednesday's trading session with a loss.
Goldman Sachs is now completely free of its TARP yoke, agreeing to pay the government $1.1 billion for the warrants it was forced to issue when the firm agreed not-so-willingly to accept TARP funds.
OIL prices weakened dropped after recent gains as traders banked profits and awaited the latest weekly snapshot of crude reserves in key consumer the United States.
Asian shares inched up to a 10-month peak on Wednesday, but gains were kept in check as investors booked profits in the belief that the run in stocks had become overstretched.
The bank said Wednesday its earnings, which rose 47 percent from a year earlier, were boosted by the acquisition of struggling Wachovia Corp.
Wells Fargo & Co. joined other big banks in reporting a big second-quarter profit even as losses from failed loans kept rising.
In this Jan. 12, 2009 file photo, stock prices scroll on the facade of Morgan Stanley headquarters in New York.
07/22/09 The stories,data, and stocks that may have the greatest impact during the next trading session.
HONG Kong banks agreed to return more than US$800 million to investors burned by Lehman Brothers-backed products, potentially ending a nearly yearlong dispute that sparked street protests and exposed problems in the financial center's markets.
Recent Comments