Greek debt crisis may touch Utah's economy
- Steven Oberbeck- Salt Lake Tribune
- •
- March 19, 2010
All the talk of austerity packages, looming financial bailouts, strikes and even riots in the streets has created a lot of uncertainty for Utahns who already do business in Greece or want to export th...
Tarnished Thain returns to lead CIT
- Peter Cohan - Daily Finance
- •
- February 09, 2010
CIT Group, a lender to small and medium-sized businesses, is giving John Thain a chance at career redemption. CIT took on scads of subprime mortgage debt during the 2000s, then filed for bankruptcy du...
FCIC Hearings: Greek Americans in the Spotlight
- Angelike Contis
- •
- January 20, 2010
In July, the House and Senate appointed the ten members of the Financial Crisis Inquiry Commission (FCIC), whose mission is to examine the causes of the economic crisis that hit the United States in 2...
FCIC Hearings: Greek Americans in the spotlight
- Angelike Contis
- •
- January 20, 2010
In July, the House and Senate appointed the ten members of the Financial Crisis Inquiry Commission (FCIC), whose mission is to examine the causes of the economic crisis that hit the United States in 2...
Bernanke keeps pushing down the weak dollar
The G-20 nations, led by the United States, are claiming that, because Germany has an export surplus, it is not doing enough for global recovery. What’s behind this bogus charge, of course, is that Pr...
Crude oil is getting cheaper — so why isn't gas?
- The Associated Press
- •
- February 16, 2009
NEW YORK – Crude oil prices have fallen to new lows for this year. So you'd think gas prices would sink right along with them.
Not so.
On Thursday, for example, crude oil closed just under $34 a...
UBS, Blackstone Advisers Fed Insider Ring, U.S. Says
- David Scheer and David Glovin
- •
- February 06, 2009
Feb. 5 (Bloomberg) -- UBS AG and Blackstone Group LP takeover advisers fed information to an insider-trading ring including a former Jefferies Group Inc. money manager in a scheme that yielded more th...
Home construction falls sharply in September
- The Associated Press
- •
- October 17, 2008
WASHINGTON – Construction of new homes plunged by a bigger-than-expected amount in September as builders slashed production to the slowest pace since early 1991, when the country was in a deep recessi...
Bush says it will take time to unfreeze credit
- The Associated Press
- •
- October 17, 2008
WASHINGTON – President Bush on Friday defended the government's extraordinary series of interventions in the financial crisis, saying these "last resort" measures will stabilize the economy, but cauti...
Dow plunges 679 to fall to lowest level in 5 years
- The Associated Press
- •
- October 09, 2008
NEW YORK (AP) — Stocks plunged in the final hour of trading Thursday, sending the Dow Jones industrial average down 679 points — more than 7 percent — to its lowest level in five years after a major c...
America's new financial meltdown czar gets to work
Treasury Department Assistant Secretary Neel Kashkari puts his jacket on as he arrives at the Dirksen Senate Office Building, on Capitol Hill in Washington. Kashkari has been selected to head the Trea
Bipartisan Support for Wall St. Rescue Plan Emerges
- Brian Knowlton & David Herszenhorn - The New York Times
- •
- September 21, 2008
WASHINGTON — Bipartisan support appeared to be emerging Sunday among American lawmakers to approve quickly a vast bailout of financial institutions in the United States. The Bush administration has pr...
Wall Street rebounds after intervention promise
Trader Theodore Weisberg smiles as he works on the floor of the New York Stock Exchange, Thursday, Sept. 18, 2008. Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher a
Government takes over Fannie Mae, Freddie Mac
By Glenn Somerville
WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, in what could be the biggest federal bailout in U.S...
Oil prices "heating up" for summer
Traders work the crude oil options pit at the New York Mercantile Exchange Friday, July 11, 2008 in New York. Oil prices spiked to a new record above $147 a barrel Friday, as rising hostilities betwee
Outlook Darker as Jobs Are Lost
- The New York Times
- •
- July 04, 2008
By LOUIS UCHITELLE
The nation’s employers eliminated tens of thousands of jobs in June for the sixth consecutive month in a steady chipping away of the work force that seems likely to leave the eco...
The Same Old Song on High Gas Prices
- The New York Times
- •
- May 23, 2008
WASHINGTON — Representative Debbie Wasserman Schultz peered down at the executives from the nation’s biggest oil companies, arrayed before the House Judiciary Committee like five targets in a carnival...
Pain at the Pump
Oil rose above $126 a barrel Friday for the first time ever. Oil's surge is lifting retail gasoline prices in the United States. Many analysts say national average prices could rise as high as $4, alt
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