Reuters - Bank of America Corp said it would repay $45 billion of taxpayer bailout funds, a move that could free the top U.S. lender from pay curbs as it looks to hire a new CEO but also makes it more vulnerable to further economic shocks.
Archive for the ‘Business’ Category
Bank of America to repay TARP (Reuters)
Czwartek, grudzień 3rd, 2009American, TPG ready to invest $1.1 billion in JAL (Reuters)
Czwartek, grudzień 3rd, 2009Reuters - American Airlines said it, Oneworld alliance members and private equity fund TPG would be willing to invest $1.1 billion in Japan Airlines to match a similar bid from rival Delta and the SkyTeam alliance.
Źródło: http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20091203/bs_nm/us_jal
Vanguard: 60 percent of 401k accounts recovered (AP)
Czwartek, grudzień 3rd, 2009AP - Another major provider of 401(k) accounts says the typical retirement saver now has more money in their account than they did before the stock market began tumbling two years ago.
Wal-Mart to pay $40M to workers in Mass. (AP)
Czwartek, grudzień 3rd, 2009AP - Wal-Mart Stores Inc. has agreed to pay $40 million to 87,500 Massachusetts employees who claimed the retailer denied them rest and meals breaks, manipulated time cards and refused to pay overtime, according to court documents filed Wednesday.
November sales to shed light on holiday season start (Reuters)
Wtorek, grudzień 1st, 2009Reuters - When U.S. retail chains report November sales this week, investors will learn whether they have gone far enough to protect profits against a weak start to the holiday shopping season.
Treasury sets guidance to simplify “short sales” (Reuters)
Wtorek, grudzień 1st, 2009Reuters - The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures.
Black Friday sales barely up, online surges (Reuters)
Niedziela, listopad 29th, 2009
Reuters - In a worrisome sign for retailers, data released on Saturday showed that sales rose a scant 0.5 percent on the traditional kickoff to the holiday shopping season despite early signs of a strong showing.
Treasury wants more lender leeway on loans (Reuters)
Niedziela, listopad 29th, 2009
Reuters - The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday.
Black Friday sales up 0.5 percent: ShopperTrak (Reuters)
Niedziela, listopad 29th, 2009Reuters - Black Friday sales rose just 0.5 percent to $10.66 billion after rising 3 percent in 2008, ShopperTrak said on Saturday, a rise that may disappoint investors who had expected retailers to see a bigger boost this year.
Canada high court rules for Wal-Mart in union case (AP)
Niedziela, listopad 29th, 2009AP - The Supreme Court of Canada said Friday that Wal-Mart Stores Inc. was entitled to close a store in Quebec in 2005, seven months after workers voted to become the first Walmart store in North America to unionize.
Asian shares skid on Dubai worries (Reuters)
Piątek, listopad 27th, 2009
Reuters - Asian stocks slumped on Friday as the Dubai-debt shockwaves hit the region, shaking banking shares and pushing the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
No Thanksgiving rest for retailers in sales race (Reuters)
Piątek, listopad 27th, 2009Reuters - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008.