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WASHINGTON — The Federal Reserve should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation, a Fed official said Thursday. James Bullard, president of the Federal Reserve Bank of St. Louis, worries that the United States ...
WASHINGTON — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007. The Securities and Exchange Commission announced the settlement with Citigroup on Thursday. It ...
NEWDELHI: Anil Ambani-owned Reliance Power does not figure in the first sixcompanies that will get gas on priority from Reliance Industries’ KG-D6when output from the block goes beyond the current capacity of 60 mmscmd, apower ministry official told ET. The list, which is being finalisedby the ministry, includes GSPC’s 700 ...
The greenback dropped further against other major currencies as a rise in European stocks reduced demand for the safe-haven U.S. currency. The dollar plunged to a 2-day low against the yen, 3-day low against the franc and fresh multi-month lows against the euro and the pound. The dollar fell against ...
THERE will never be another “shitty” deal at Goldman Sachs Group, at least not in writing. The New York company is telling employees that they will no longer be able to get away with profanity in electronic messages. That means all 34,000 traders, investment bankers and other Goldman employees must ...
THERE will never be another “shitty” deal at Goldman Sachs Group, at least not in writing. The New York company is telling employees that they will no longer be able to get away with profanity in electronic messages. That means all 34,000 traders, investment bankers and other Goldman employees must ...
Stocks initially rose on upbeat earnings reports, but momentum quickly faded. The Dow Jones industrial average fell about 70 points in afternoon trading and other major stock indexes also fell. Southwest Airlines Co., ExxonMobil Corp., Avon Products Inc. and Sony Corp. all topped earnings forecasts, but investors were more focused ...
Michelle Spranger and Scott Zuckerberg, Southfield, Mich.By Kate AshfordJuly 29, 2010: 4:23 AM ET (Money Magazine) — Michelle Spranger and Scott Zuckerberg have been husband and wife for eight years, but they’ve yet to marry their finances. Scott, 43, has a full-service broker, variable annuities, and a union pension, while ...
By David Ellis, staff writerJuly 29, 2010: 7:20 AM ET NEW YORK (CNNMoney.com) — Toyota Motor Corp. said Thursday it was recalling more than 400,000 older-model vehicles sold in the United States, citing potential steering-related problems in both. The Japanese automaker said the recall would affect 373,000 Toyota Avalons manufactured ...
It would be, by some estimates, the largest privatization program in Russia since the post-Communist sell-off of the 1990s. Still, the government plans to sell only minority stakes in the companies, retaining control while letting private investors share a larger part of the risks and profits. Privatizations of some type ...
NEWDELHI: The Reserve Bank of India could get tough with private banks that stillhave large promoter holdings as it deliberates norms for new banking licences,which are expected to come with tough riders. The RBI is expected toput out a discussion paper on new licences by the end of this week ...
The next time you’re talking with your insurer about filing a claim, you may want to watch what you say. According to the latest tip of the month from United Policyholders, a nonprofit group focused on educating consumers about insurance, certain words set off alarm balls among insurance representatives, who ...