The New York Federal Reserve under Tim Geithner "severely limited its ability" to extract concessions from AIG's counterparties in talks that ended with $27.1bn of public money transferred to the likes of Société Générale and Goldman Sachs , according to a government watchdog.
A crowd of protesters converged on the Washington DC office of Goldman Sachs on Monday, carrying "wanted" signs bearing the face of Lloyd Blankfein, the bank's chief executive.
Exchange operators CME Group Inc. and Korea Exchange Inc. said Monday they will team up to offer customers after-hours futures trading for stocks of South Korea's 200 largest publicly traded companies.
AUSTIN, Texas----EASTERN AMERICAN NATURAL GAS TRUST announced today that its Distribution Amount per Unit for the quarter ended September 30, 2009 is $.2648 per Depository Unit. Based on the amount of Distributable Income for the quarter, the Trust anticipates that it will make a cash distribution on or before December 15, 2009 of $.2648 per Depository Unit to holders of record as of the close of business on November 30, 2009.
The too big to fail get bigger and bigger. JPMorgan, which weathered the financial storm better than all except for the marine cephalopods "doing God's work" over at Goldman Sachs , is consolidating its position.
LYNNFIELD, Mass.----Investors Capital Holdings, Ltd. , a financial services holding company, posted net income of $0.21 million for its second fiscal quarter ended September 30, 2009 versus a net loss of $0.49 million for the comparative quarter ended September 30, 2008 .
Guest Post by Sharon Meers, co-author of Getting to 50/50 Do men resent powerful women? One of the most intriguing statistics in “A Woman’s Nation,†the recently released survey by Maria Shriver and the Center for American Progress, is this: 69% of women think men resent women who have more power than they do.
Grameenphone, Bangladesh's biggest cell phone operator, more than doubled in value on Monday on the first day of trading since its $71m initial public offering, triggering a sharp rise in the Dhaka Stock Exchange index.
MEMPHIS, Tenn.----FedEx Freight Corp., a leading provider of regional and long-haul less-than-truckload services in the U.S., and Vision Industries Corp. , producers of the zero emission plug-in electric/hydrogen fuel cell hybrid Tyranoâ„¢ truck, today announced that the companies have entered into an agreement to test a tractor powered by the hydrogen/electric hybrid Tyranoâ„¢ drive train.
The trial of Italian Premier Silvio Berlusconi on a tax fraud charge reopened Monday after a year, but was immediately adjourned until January to allow the premier to attend.
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