|
Archive for the 'US Markets' category
former American International Group (AIG) lead man Maurice Greenberg (called “Hank” by most and the “Gangster of Love” by yours truly) has agreed to a staged sale of his AIG shares to UBS (UBS).
On Friday, Starr International (Greenberg’s investment vehicle) issued a filing with the SEC stating that it will sell as many as 10 million shares of
Show me more… »
Categories: Bank, Money, US Markets
No Comments »
Treasury Secretary Timothy F. Geithner on Tuesday told a congressional panel considering the future of Fannie Mae and Freddie Mac that the Obama administration would seek to keep in place aspects of the housing-finance system that have worked well during the past few decades as it overhauls the parts that did not.
Show me more… »
Categories: Bank, Forex, US Markets
No Comments »
Midwest home sales improved nearly 10 percent over last year as tax credits and low interest rates continued to motivate buyers.
The National Association of Realtors released figures Tuesday showing 68,000 sales in the 11-state region in February, and the median sales price fell 2 percent to $128,000.
Show me more… »
Categories: Market News, US Markets
No Comments »
The French government has signalled that it is dropping a plan for a tax on domestic carbon dioxide emissions.
Jean-Francois Cope, parliamentary leader of the governing UMP party, was quoted as saying the tax “would be Europe-wide or not (exist) at all”.
Show me more… »
Categories: Market News, US Markets, World Economy
No Comments »
Chinese Premier Wen Jiabao has rejected criticism that China is keeping its currency undervalued in order to boost exports.
He said keeping the yuan stable was “an important contribution” to global recovery from the economic downturn. He was speaking at the end of China’s annual parliamentary session.
Show me more… »
Categories: Forex, US Markets, World Economy
No Comments »
Lehman Brothers Holdings on Monday filed a plan with the U.S. bankruptcy court in Manhattan to wind down its remaining assets and operations — and end the largest U.S. bankruptcy case in history
Under the proposed Chapter 11 plan, a newly created business called LAMCO would manage what is left of Lehman’s
Show me more… »
Categories: Bank, Money, US Markets
No Comments »
The estate of Michael Jackson has agreed the biggest recording deal in history, worth more than $200m (£133m), with Sony Music, US reports say.
The deal reportedly involves 10 album projects over seven years – including one of previously unreleased material.
Show me more… »
Categories: Market News, US Markets
No Comments »
The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a “material” correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC
The housing market surely will double dip,” Whitney told “Worldwide Exchange.”
Show me more… »
Categories: Market News, US Markets
No Comments »
US economy has continued to grow this year, but only at a “modest” pace, according to the Federal Reserve’s influential Beige Book.
Despite a “slight improvement” in consumer spending, growth was hampered by “severe snowstorms” in many parts of the country, it
Show me more… »
Categories: Market News, US Markets
No Comments »
BBC Worldwide – the commercial arm of the BBC – has agreed to pay £17m to secure full ownership of DVD publishing firm 2Entertain.
It is buying the 40% of 2Entertain which it did not already own from the administrators of failed High Street giant Woolworths.
Show me more… »
Categories: Market News, US Markets
No Comments »
|
|
