Admin | December 9, 2011
Capital One Shares Rise as Earnings Beat Analysts’ Estimates October 21, 2011, 4:38 PM EDT Business Exchange E-mail Print More From Businessweek Former FDIC Chief Bair Calls for Stiffer Rules on Leverage Standard Chartered Trims Full-Year Revenue Growth Forecast MetLife Says 2012 Earnings, Sales Will Advance; Shares Jump Basel Rules Face Change With No-Risk Sovereign [...]
Admin | November 6, 2011
Democrats Have Financial Advantage in Contest to Hold Senate October 21, 2011, 12:25 AM EDT Business Exchange E-mail Print More From Businessweek Recession Drives More Americans to Poverty-Wracked Neighborhoods Obama’s Change Anthem Pivots to Call for Patience on Economy Romney Outpaces Former Governor Huntsman’s Fundraising in Utah Senate Fails to Advance Competing Infrastructure Plans Perry [...]
Admin | November 5, 2011
ROCHESTER, Minn., Oct 20, 2011 (BUSINESS WIRE) – HMN Financial, Inc. /quotes/zigman/57245/quotes/nls/hmnf HMNF -9.45% : Third Quarter Highlights – Net loss of $2.1 million compared to net loss of $9.4 million in third quarter of 2010 – Diluted loss per share of $0.65 compared to diluted loss per share of $2.60 in third quarter of [...]
Admin | October 22, 2011
The sharp, star-studded chronicle of the crash is among the best movies of the year Before the Door Pictures Theres a difference between an old-fashioned financial panic and what happened on Wall Street in 2008, wrote Michael Lewis in his excellent chronicle of the crash, The Big Short. In an old-fashioned panic, perception creates its [...]
Admin | August 16, 2011
The city of Vernon has amassed nearly half a billion dollars of debt and suffered major losses over the last six years in an aggressive pursuit of investments through its electric utility, according to a Times analysis of the citys financial records. Even as the citys losses mounted, Vernons leaders continued to push for more [...]
Admin | August 15, 2011
Hugh Carey was a Democratic governor of New York who succeeded in pulling the city and state back from the brink of financial disaster. Carey served two terms as governor of New York, from 1975 to 1982. When he arrived, the citys finances were in meltdown. A situation created by years of profligate spending by [...]
Admin | August 7, 2011
A former commodities trader pleaded guilty Monday to threatening to kill more than 40 financial regulators, including the heads of the Securities and Exchange Commission and the Commodity Futures Trading Commission. Vincent McCrudden, 50, admitted in court that he posted the threats on his companys website in December, asking for help executing his plan. His [...]
Admin | August 2, 2011
The following companies may be active in Egypt’s stock market. Symbols are in parentheses and prices are from last close. The benchmark EGX 30 Index lost 1.7 percent to 5,174.82 in Cairo. Beltone Financial Holding (BTFH) SAE: The Cairo-based investment bank was appointed as the sole sell-side adviser for the planned acquisition of Egyptian food [...]
Admin | July 27, 2011
* Change at Fullerton follows departure of senior execs at Seatown * Fullerton owns stakes in China Construction Bank, BOC, ICICI * Rozario joined Temasek in 2003 from Citigroup (Adds details) By Kevin Lim SINGAPORE, July 19 (Reuters) – The head of the Temasek unit that invested in Asian banks such as China Construction Bank [...]
Admin | July 22, 2011
As the White House and Congress inch closer to the Aug. 2 D-Day for raising the debt ceiling to avoid a severe shortage of cash to pay bills, some in Congress seem content on letting the nation run face first into a financial chain saw.