FTSE 100 rebounds at open
Tue, 1 Dec 2009 12:59 am PST
 AFP - The London stock market rebounded at the open on Tuesday, after earlier gains in Asia, as investors set aside losses in the Middle East amid stubborn worries about Dubai. Full Story | Top |
Treasury will auction off Capital One warrants
Tue, 1 Dec 2009 01:30 pm PST
AP - The Treasury Department said Tuesday it will begin auctioning warrants of Capital One Financial Corp., marking the latest government effort to rein in emergency rescue programs set up during the height of the financial crisis last year. Full Story | Top |
Alistair Darling warns on EU finance crackdown
Tue, 1 Dec 2009 05:56 pm PST
 AFP - Chancellor of the Exchequer Alistair Darling has warned the EU's new financial overseer against meddling with London's banking hub, saying mis-calculated reforms could drive financial services out of Europe. Full Story | Top |
A Lesson From AIG: How to Fix the Fed
Tue, 1 Dec 2009 07:51 am PST
U.S. News & World Report - Of all the villains responsible for the Great Economic Wipeout, the Federal Reserve is pretty far down the list. It's certainly behind members of Congress who deregulated the banks in 1999, allowing once staid institutions to gamble recklessly. Then there are notorious CEOs like Martin Sullivan of AIG, Angelo Mozilo of Countrywide Financial, and Richard Fuld of Lehman Brothers whose greed and hubris wrecked their companies. Crooked mortgage brokers, rapacious Wall Street traders, and millions of irresponsible homeowners were key supporting actors in the revolting drama, too. Full Story | Top |
Gold sets new record, risk appetite boosts shares
Tue, 1 Dec 2009 11:27 pm PST
Reuters - Gold scaled another all-time high above $1,200 an ounce on Wednesday, helped by a weaker dollar as it lost some of its safe-haven appeal due to upbeat U.S. home sales and renewed appetite for riskier assets. Full Story | Top |
Fla. PSC sets stronger energy conservation goals
Tue, 1 Dec 2009 02:42 pm PST
AP - The Public Service Commission set 10-year energy conservation goals Tuesday that are significantly stronger than Florida's major electric utilities had proposed but well short of what environmentalists wanted. Full Story | Top |
Home Lenders Face Sanctions Over Failed Modifications
Tue, 1 Dec 2009 05:08 am PST
BusinessWeek - (Bloomberg) The U.S. Treasury Dept. will begin taking action against lenders that aren't doing enough to ease mortgage payments for troubled homeowners as part of the Obama Administration's $75 billion pledge to curb foreclosures. Lenders> The> The> "We> Seriously>The> The> Eligible> Mortgage> The> A>Robert> One> The> Bank> "As> The> Full Story | Top |
Fed VP: Housing bubble, finance slump hurt RI
Tue, 1 Dec 2009 01:32 pm PST
AP - A bursting bubble in housing prices combined with one of the nation's worst financial meltdowns since the Great Depression likely caused a recession in Rhode Island that has been longer and deeper than most of the country, a federal official said Tuesday. Full Story | Top |
The MBA Oath: Toward a More Perfect World
Tue, 1 Dec 2009 05:08 am PST
BusinessWeek - Last month we watched as news broke of one of the largest insider-trading scandals in history. While the urgency of the financial crisis may be dissipating, the need for a higher ethical standard in business is as relevant as ever. Full Story | Top |
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