Archive for the 'Money' category
Thirty-three banks missed their August dividend payments to the Treasury Department for money granted through the Troubled Asset Relief Program, or TARP.
TARP began almost a year ago with some arm-twisting from the Treasury Secretary at the time, former Goldman Sachs Chief Executive Officer
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Categories: Money, US Markets
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September 28, 2009 1:04 am
Lighting manufacturer Bright International said it would buy gold mines in China for a total of HK$7.41 billion ($956 million) to tap rising prices of the precious metal.
The firm would issue convertible notes and promissory notes, and pay cash
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Categories: Money, US Markets
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September 18, 2009 12:21 am
Toyota is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also expanding its line of hybrid models under the Prius name.
The $1 billion will include a media campaign, as well as buyer and dealer incentives, including sweeteners for leasing.
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Roche is conceding defeat at the International Trade Commission in a patent battle with Amgen over anemia drugs, court filings show.
Amgen, which markets the anemia drugs Epogen and Aranesp, accused Roche in 2005 of patent infringement in the production of Mircera.
In a letter to the commission, a frequent venue for patent battles, a Roche
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Entertainment giant Walt Disney is to buy Marvel Entertainment in a shares and cash deal valued at $4bn (£2.5bn).
The deal means Disney will take over ownership of 5,000 Marvel characters, such as Spider-Man and the X-Men.
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In the six months to 30 June, Chinese biggest bank icbc has made a net profit of 66.4bn yuan ($9.7bn; £5.9bn), up 3% from a year ago and ahead of market expectations.
Loans approved by the firm totalled 5.4 trillion yuan
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Categories: Bank, Money
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Australia and New Zealand Banking Group has agreed to pay about $550 million to buy some Asian units from British lender Royal Bank of Scotland (RBS), building up its Asia presence.
The deal would cement ANZ’s position as a regional bank and would be a key step in Australia’s fourth biggest bank’s goal to generate a fifth of its revenue from Asia by 2012.
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Categories: Bank, Money, World Economy
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Walt Disney reported lower quarterly earnings that topped analysts’ forecasts, but the company’s shares declined in extended trading as its revenue missed predictions.
The company was hit by global economic woes that pulled down operating profits by double digits at its powerhouse media networks and theme parks.
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Categories: Forex, Money, US Markets
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Troubled insurer AIG did not pay $2.4 million in bonuses scheduled to be delivered to top executives on July 15, according to a Treasury official nominee.
George Madison, nominated to be general counsel for the Treasury Department, told Senate Finance Committee Ranking Member Chuck
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Mortgage lending to house buyers picked up again in May, according to the Council of Mortgage Lenders (CML). The number of home loans for house buyers rose by 4% in the month to 37,400, although that was still 28% lower than a year ago.
First-time buyers are still having to put down an average deposit worth 25% of their home’s value. But the CML said 80% of first-time
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Categories: Bank, Money, US Markets, World Economy
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