Indebted Dubai island developer Nakheel gets cash injection from government bond fundsDUBAI, United Arab Emirates — The Dubai developer behind the city’s manmade islands says it has received a portion of government funds aimed at reviving the Mideast financial hub’s ailing economy. China’s consumer prices fall, lending spree eases as hopes for recovery buildSHANGHAI — China’s bout of deflation persisted in April, as consumer prices fell 1.5 percent from elevated levels a year earlier, but analysts said they expect prices to start heading upward later in the year. China says new bank lending in April at $87 billion, down sharply from MarchSHANGHAI — Chinese banks issued new loans worth 591.8 billion yuan ($87 billion) in April, less than a third of the previous month’s total, the central bank said Monday, as lenders slowed the flow of credit aimed at stimulating the economy. Metro sells US free newspaper business to newly formed companySTOCKHOLM — Swedish newspaper group Metro International S.A. said Monday it has agreed to sell its loss-making U.S. papers, with a combined circulation of 590,000 daily copies reaching some 1.2 million readers, to a company run by a former Metro CEO. Dubai port operator DP World says parent mulling possible stake sale to investment firmDUBAI, United Arab Emirates — DP World, one of Dubai’s most global companies, said Sunday its main government-owned shareholder is in talks to possibly sell a minority stake in the port operator to a Middle East private equity firm. Japanese government tells couples having babies is funLONDON - In a bid to battle the declining birth rate, Japanese government officials are encouraging couples to procreate, insisting it is fun to have babies. ALL BUSINESS: Investors sold on bank turnaround, even if accounting tricks fuel good newsNEW YORK — There’s nothing like a little magical math to make banks’ financial woes go away. Former NJ beauty pageant winner gets a year in jail for writing bad checksNEWARK, N.J. — A former New Jersey beauty pageant winner has been sentenced to a year in jail for bouncing more than $70,000 in bad checks to purchase antique furniture. Obama says unemployment system should be a stepping stone to future work, not a safety netWASHINGTON — President Barack Obama wants unemployment insurance to become a stepping stone for future work by making it easier to enroll in school or job training. Whether he succeeds will depend on the willingness of states and colleges to change the rules. Amid hubbub of bodyguards and cameras, Liberia’s president pays visit to Fla. schoolchildrenTAMPA, Fla. — Fidgety boys and girls in school uniforms gawked as the sport utility vehicles rolled up. Teachers snapped pictures, bodyguards stood watch and Liberia’s female president stepped out of a car at a Tampa preparatory school. Creditors pave way for Chrysler to exit bankruptcyWASHINGTON - Chrysler took a giant step towards emerging from bankruptcy and joining Italy’s Fiat Spa after a group of the US carmaker’s creditors Friday gave up their hopes for a better deal. Treasurys rise along with stocks after government releases April jobs dataNEW YORK — Treasury prices rose Friday after mixed economic data led investors to buy back into government debt. Sarkozy pays homage to soldiers from French colonies nearly 65 years after victory over NazisPARIS — President Nicolas Sarkozy paid homage Friday on a Riviera beach to soldiers from French colonies who 65 years ago landed in southern France to help defeat the Nazis in what is known as the “forgotten D-Day.” With stress tests behind them, banks turn to the toxic assets that still plague balance sheetsWASHINGTON — The big banks got through the government’s “stress tests” with only minor bruising. But a bigger test awaits them: Getting rid of the bad assets that helped ignite the financial crisis in the first place. Tests expected to show large banks don’t have enough money to survive if economy worsensWASHINGTON — Government stress tests are expected to show that nearly a dozen of the nation’s largest banks do not have enough money to survive if the economy worsens and will need to raise billions of dollars as a precaution. Stock futures extend gains after drop in jobless claims; Wal-Mart says April sales riseNEW YORK — Stock futures are extending early gains following government data showing that new claims for jobless benefits unexpectedly dropped last week to their lowest level since January. Dow Chemical to offer debt securities to cut debt, payoff preferred shareholdersNEW YORK — Dow Chemical Co. announced a plan Friday to retire preferred shares used for its recent buyout of Rohm & Haas, a move that will save it millions in dividend payments. AB-InBev makes 1Q profit of $716 million, raises $1.8 billion from selling South Korea breweryBRUSSELS — Brewer Anheuser Busch-InBev said Thursday it will raise $1.8 billion by selling South Korea’s Oriental Brewery, the country’s second largest, to private equity group Kohlberg Kravis Roberts & Co. LP. to cut down on its huge debt burden. Unexpected drop in new jobless claims, upbeat retail sales reports push stocks higherNEW YORK — Stocks are higher following upbeat readings on the job market and sales at major retailers. NY commuters, businesses unimpressed with Albany’s last-minute deal to rescue mass transitNEW YORK — Commuters, cab drivers and transit advocates said Wednesday they were unimpressed and disgusted with a proposed financial bailout deal for the nation’s largest mass transit system, even though many expressed relief that the base subway fare would only increase by 25 cents. Government gives big banks rules on how they will be able to exist from bailout programWASHINGTON — The nation’s largest banks that want to exit the financial rescue program will have to demonstrate to the government that they can survive without its support. Wall Street heads for higher open as investors await stress test results, economic dataNEW YORK — Wall Street headed to a higher open Thursday as investors anticipate the formal release of the government’s stress tests of banks and fresh economic data on retail sales and unemployment claims. Nasdaq OMX Group’s 1st-quarter profit falls to $94M, operating profit beats estimatesNEW YORK — Nasdaq OMX Group Inc. said Thursday its first-quarter profit fell 22 percent compared with a year-ago quarter where it booked hefty gains on foreign currency contracts. Chrysler bond holders drop opposition to proposed Chrysler Chapter 11 planNEW YORK — The group of dissident Chrysler bond holders challenging Chrysler LLC’s government-backed restructuring plans, said Friday that it is dropping its court fight. IGT: initial buyers of $725M convertible notes fully exercise overallotment optionRENO, Nev. — International Game Technology, a slot machine and casino management systems maker, said Thursday that the initial buyers of $725 million in convertible notes due in 2014 have fully exercised their option to buy up to an additional $125 million in notes, known as their “overallotment option.” Investors lock in profits as unexpected drop in new jobless claims fails to galvanize buyersNEW YORK — Investors heard some more good news about the economy Thursday but locked in profits anyway following huge gains earlier in the week. AB-InBev raises $1.8 billion from selling South Korea brewery to KKR, 1Q sales down 7 percentBRUSSELS — Brewer Anheuser Busch-InBev said Thursday it will raise $1.8 billion by selling South Korea’s Oriental Brewery, the country’s second largest, to private equity group Kohlberg Kravis Roberts & Co. LP. to cut down on its huge debt burden. General Motors draws closer to bankruptcy, loses $6B in first 3 months of 2009DETROIT — General Motors drew closer to bankruptcy Thursday, acknowledging that its revenue fell by nearly half as car buyers worldwide steered away from showrooms for fear that the auto giant would not be around to honor its warranties. Investors lock in profits as unexpected drop in new jobless claims fails to galvanize buyersNEW YORK — Investors are hearing some more good news about the economy but are locking in profits anyway following huge gains earlier in the week. Morgan Stanley seeks to raise $5 billion in fresh capital after government stress testsNEW YORK — Morgan Stanley is planning to raise $5 billion after government’s stress tests showed the investment bank needs more capital. |
Topics
Poll Loading ...Latest TweetsDebt
Latest Friend FeedsDebt
|
