Financial News
|
GMAC Bailout Could Cost Taxpayers $6.3 Billion
(CNBC)A03-11-10 The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said Thursday
|
Obama Says Curbing Waste, Abuse Will Help Fund Health-Care Plan
(Bloomberg) 03-11-10-- President Barack Obama made his case for an overhaul of the U.S. medical system to Missouri voters, emphasizing his efforts to curb waste and fraud in government health programs
|
Naked Swaps Crackdown in Europe Rings Hollow Without Washington
(Bloomberg)03-11-10 -- European politicians and regulators could initiate a continent-wide ban on speculative trading of sovereign credit-default swaps tomorrow. Making it stick without the Americans won’t work
|
Google chief sees outcome "soon" in China row
(Reuters) 3-10-10 - Google (GOOG.O) expects an outcome soon from its talks with China over a censorship and hacking dispute, Chief Executive Eric Schmidt said on Wednesday.
|
Unemployment tops 20% in eight California counties
(LA Times) 3-10-10 - The state's jobless rate of 12.5% in January was its worst on record and fifth-highest in the nation.
|
Wal-Mart Restores 300 Items After Store Visits Fall
(Bloomberg) -3-10-10- Wal-Mart Stores Inc., the world’s largest retailer, returned about 300 items to its U.S. stores after their removal last year hurt shopper traffic
|
Goldman Earned $55.7 Million From Build America Fees
(Bloomberg) -3-10-10- Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, has made $55.7 million from the sale of $36.4 billion of Build America Bonds, about a third of the fees it earned from its municipal business, it said in response to queries from Iowa Senator Charles Grassley.
|
Budget Deficit in U.S. Widens to Record $221 Billion
(Bloomberg) -3-10-10- The U.S. budget deficit widened to a record in February as the government boosted spending to help revive the economy.
|
Stocks Climb as Treasuries, Yen Retreat on Economic Optimism
(Bloomberg) -3-10-10- Stocks rose, erasing the 2010 loss for a gauge of emerging markets, while Treasuries and the yen fell as data on U.S. wholesale inventories and improving corporate bond markets bolstered optimism on the economy.
|
Disclaimer: Some of the news stories and articles posted on Investtalk.com contain authors’ recommendations and analyses. These views do not necessarily represent the views of KPP Financial and are to be used for general review of market topics only. You should consult a financial professional before making investment decisions
|
U.S. Posts Record Budget Deficit of $221 Billion in February
(Bloomberg) 03-10-10 -- The U.S. posted its largest budget deficit on record in February as the government boosted spending to help revive the economy.
The excess of spending over revenue increased to $221 billion last month, compared with a deficit of $194 billion in February 2009, according to Treasury Department figures released today in Washington. In fiscal 2009 that ended in September, the shortfall reached a record $1.4 trillion
|
