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Warning of $1 trillion deficits "for years to come," President-elect Barack Obama and congressional Democrats on Tuesday vowed to eschew pork-barrel spending in the giant economic stimulus bill, a rare move in a place where large spending bills are ...
Read moreObama bans bill pork, warns of deficits - The Washington Times
HONG KONG (XFN-ASIA) - Share prices closed sharply lower on further profit-taking in China telecom firms, as Beijing issued long-awaited 3G licenses, and a sell-off of mainland banks after Bank of America cut its stake in China Construction Bank (CCB ...
Read moreHong Kong shares close sharply lower as China telcos, banks take a hit - Forbes
Jan. 7 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank said he has “agreement in principle” with President-elect Barack Obama to release $350 billion from the U.S. bank-rescue fund in return for commitments to help ...
Read moreFrank Says Obama Agrees ‘In Principle’ to Limit Bank-Rescue Aid - Bloomberg
A New York neurosurgeon who stopped paying the Nu'uanu nursing-home tab of her 81-year-old mother, leading to the mother's eviction just before Christmas, did so because she faced a family crisis of her own, an attorney said yesterday. On Dec. 17 ...
Read moreDaughter hopes care case highlights plight of Hawaii's elderly - Honolulu Advertiser
Auto dealers have quickly benefited from $6 billion in government aid to GMAC, the financing arm of General Motors Corp. At the start of last week, the U.S. Treasury bought $5 billion in GMAC stock and loaned GM $1 billion to invest in GMAC Financial ...
Read moreU.S. Treasury's aid to GMAC pays off for area dealers - Atlantic City Press
LONDON, Jan 7 (Reuters) - Volkswagen Financial Services plans to issue a benchmark, five-year euro bond, IFR reported on Wednesday. Guidance has been set at mid-swaps plus 375 to 400 basis points, said IFR Markets, a Thomson Reuters online news and ...
Read moreThomson Financial News - Forbes
WASHINGTON — The Treasury Department said today it will decide on a case-by-case basis whether other companies connected to the struggling automotive industry should be provided emergency aid from the government's $700 billion bailout pot ...
Read moreTreasury lays out details for auto aid - San Jose Mercury News
WASHINGTON (AP) — The Treasury Department said Wednesday it will decide on a case-by-case basis whether other companies connected to the struggling automotive industry should be provided emergency aid from the government's $700 billion bailout pot ...
Read moreTreasury: any fresh auto aid would be weighed on case-by-case basis - Fort Lauderdale Sun-Sentinel
DETROIT -- Following a scandal that plagued his predecessor, newly elected Wayne County Commission chairman Edward Boike told his colleagues he will not disappoint them. "You have put your confidence, faith and trust in me, and I promise I will not ...
Read moreBoike vows to earn trust as Wayne County commission's leader - Detroit News
Dale Lam, who owns Strategent Financial, a new business in Harrisonburg that opened in October, said he planned to open his own business some time ago. He says you start your business when you think there is a good market for it. Photo by Michael ...
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