|
Finance History 2010-02-02 (02 February 2010 ) |
| Print | |
|
| Democratic senators blasted the Supreme Court's landmark campaign finance ruling at a Rules and Administration Committee hearing Tuesday and called for a quick legislative response. | |
| ” alt=”Madoff” />The man who served as Bernard Madoff’s finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss. | |
| China has agreed to cancel 80 percent of the -billion-dollar debt it is owed by Iraq, the finance ministry in Baghdad said in an official statement on Tuesday. | |
| NEW YORK -- Shares of some top finance companies are up at noon: Bank of America rose $.13 or .8 percent, to $. Citigroup rose $.03 or .9 percent, to $. JPMorgan Chase rose $.74 or percent, to $. | |
| Feb. 2 (Bloomberg) -- Gulf Finance House EC, the Bahrain- based investment bank, had its debt ratings slashed six steps by Standard & Poor’s after it announced it is renegotiating terms of a $300 million loan due next week. | |
| NEW YORK -- Shares of some top finance companies are mixed at 10 .: Bank of America rose $.04 or .3 percent, to $. Citigroup fell $.01 or .4 percent, to $. JPMorgan Chase rose $.60 or percent, to $. | |
| Former Nathan Finance directors Mervyn Doolan, John Hotchin, Roger Moses and Don Young lured investors by lying in the company's advertisements and in its prospectus, the Auckland District Court heard yesterday. | |
| The man who served as Bernard Madoff's finance chief has agreed to give up his New Jersey home so it can be sold for the benefit of those cheated by his jailed former boss. | |
| NEW YORK - Moody's Investors Service on Tuesday affirmed the ratings of Textron Inc. and its finance subsidiary Textron Financial Corp., and upgraded the rating outlook. | |
| Feb. 2 (Bloomberg) -- Gulf Finance House EC, the Bahrain- based investment bank, is in talks with WestLB AG about the terms of a $300 million syndicated facility due on Feb. 10, the bank said in a statement distributed by the Regulatory News Service. |
Economic History
|
| President Barack Obama warned on Tuesday that high budget deficits could hurt . economic recovery as he sought to reassure Americans that his latest budget would help create jobs and trim debt levels. | |
| Oil had its biggest one-day rise in the last four months on Tuesday, as prices surged on higher stock prices and economic reports suggesting demand for crude could improve. | |
| The European Union released its pan-European social survey on Tuesday and the results show that while most Europeans are fairly happy with their lives, the economic downturn has hit them hard. | |
| Oil surged ahead for the second straight day on Tuesday as prices that were sliding lower for two weeks abruptly switched direction on economic reports that suggest demand for crude could improve. | |
| Gloomy budget forecasts will shadow President Barack Obama as he takes his economic message on the road on Tuesday, seeking to reassure Americans he has a plan to tackle high unemployment and surging debt levels. | |
| Feb. 2 (Bloomberg) -- Canadian stocks rose for a second day as North American companies including Whirlpool Corp. and Emerson Electric Co. reported stronger-than-forecast profits, signaling an economic recovery is taking hold. | |
| A look at economic developments and activity in major stock markets around the world Tuesday: ------ ATHENS, Greece -- Greece will follow an austerity program to cut debt "to the letter," Prime Minister George Papandreou promised as the European Union readied plans to tightly monitor Athens' performance and possibly demand more cutbacks. | |
| Feb. 2 (Bloomberg) -- The pound weakened for a third day against the euro amid speculation housing data this week will signal that the economic recovery is yet to take hold, prompting the central bank to keep interest rates at a record low. | |
| Asian stock markets were mostly lower Tuesday as positive . economic reports failed to ease worries about the global recovery. | |
| Oil prices headed toward $75 a barrel Tuesday in Asia as regional stock markets snapped a losing streak and economic data suggested . crude demand could improve. |
|
