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- Madoff Faces 150 Year Sentence
- Alleged $50 billion con man investor Bernie Madoff is expected to plead guilty to 11 felony charges at a Manhattan federal court and could receive a 150 year jail sentence. Randall Pinkston reports.
- Videos 2009-03-10
Additional Resources
- ANZ posts $3.38 billion cash profit, says credit quality has stabilised
- By a staff reporter, with AAP/Reuters Australia and New Zealand Banking Group Ltd ANZ says credit quality has stabilised but the bad debt cycle will likely continue into the current year, as it posted a 12 per cent rise in cash profit for 2009, exceeding market forecasts. The bank recorded...
- News items 2009-10-28
- TV Upfront Tally Slips to $8 Billion as Networks Take Their Chances on Scatter
- NEW YORK (AdAge.com) -- This year's upfront tally is estimated to be between $7.8 billion and $8.1 billion, down from last year's about $9.23 billion. And for that you can thank Mel Karmazin. In 2001, with the economy in decline and CBS still joined with Viacom, then-second-in-command Mr. Karmazin (now...
- News items 2009-08-10
- BofA Posts $1 Billion Loss on Consumer Credit Woes
- By Joe Rauch CHARLOTTE (Reuters) - Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent . The results underlined how the nation's largest bank, which has received two taxpayer...
- News items 2009-10-16
- Banks Get £31 Billion More Aid
- By Clara Ferreira-Marques and Steve SlaterLONDON (Reuters UK) - Britain's two largest retail banks secured another 31 billion pounds from the government on Tuesday and agreed to sell branches and key businesses to appease EU competition concerns over state aid.Royal Bank of Scotland and Lloyds Banking Group also accepted drastic...
- News items 2009-11-03
- Japan's Hitachi to Raise Up to $4.5 Billion: Sources
- By Reiji Murai and Kentaro HamadaTOKYO (Reuters) - Hitachi Ltd, Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.The sources, who asked...
- News items 2009-11-14
- Hitachi to Raise Up to $4.5 Billion: Sources
- By Reiji Murai and Kentaro HamadaTOKYO (Reuters) - Hitachi Ltd , Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.The sources, who...
- News items 2009-11-15
- BREAKFAST DEALS: China billion
- Lunch isn't just for wimps. Check out LUNCH DEALS for more wheels and deals later today. China hasn't completely turned off Australia, with rumours of China Investment Corporation buying a $1 billion convertible note in Fortescue following its investment in Goodman Group. Also, Rio Tinto's Stern Hu is expected to...
- News items 2009-08-11
- Hershey Mulls £10 Billion Solo Bid For Cadbury - Source
- By Jessica HallPHILADELPHIA (Reuters UK) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion (10 billion pounds) for chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on...
- News items 2009-11-20
- U.S. Puts Up $6 Billion to Support Auto Lender GMAC
- By Mark Felsenthal WASHINGTON (Reuters UK) - The Bush administration on Monday expanded its bailout of the U.S. auto industry, saying it was buying $5 billion (3.4 billion pounds) in equity in auto and mortgage finance company GMAC and increasing a loan to General Motors GM by $1 billion. The...
- News items 2009-08-07
- GMAC gets $5-billion in U.S. bailout funds
- WASHINGTON — ? The U.S. Treasury Department said that it will provide $5-billion (U.S.) to GMAC Financial Services LLC, the ailing financing arm of General Motors Corp., in a move expected to stave off a bankruptcy protection filing at the company but also severely limit GM's control over it. In...
- News items 2009-08-07
- GM gets $4 billion rescue loan, Chrysler on hold
- DETROIT (Reuters) - The U.S. government on Wednesday paid out the first $4 billion in emergency loans to support General Motors Corp (GM.N) but a parallel rescue payment for Chrysler LLC was on hold until the new year. Chrysler said it remained in talks with the U.S. Treasury to finalize...
- News items 2009-08-07
- Chrysler Gets 2.7 Billion Government Loan
- NEW YORK (Reuters UK) - Chrysler on Friday received an initial $4 billion (2.7 billion pound) emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors. GM "This initial loan will allow the company to continue an orderly restructuring,"...
- News items 2009-08-07
- Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
- By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
- News items 2009-11-20
- Hershey Mulls $17 Billion Solo Bid For Cadbury: Source
- By Jessica HallPHILADELPHIA (Reuters) - U.S. chocolate maker Hershey Co HSY is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc CBRY as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.Hershey has lined...
- News items 2009-11-20
- AIG to Sell Taiwan Unit For $2.2 Billion, More Deals Seen
- By Faith Hung and Michael Flaherty TAIPEI/HONG KONG (Reuters) - American International Group AIG has struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a unit since a government bailout saved it from collapse last year. The deal is a key...
- News items 2009-10-13
- Fannie Mae Posts $18.9 Billion Q3 Loss, Taps Treasury
- By Al YoonNEW YORK (Reuters) - Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth.Fannie...
- News items 2009-11-05
- GE, Vivendi $1 Billion Apart Over NBC Universal Stake: Report
- NEW YORK (Reuters) - General Electric GE and Vivendi VIV are at least $1 billion apart in their valuation of the French group's stake in NBC Universal, the Financial Times said on Thursday.The difference dampens hopes of a quick resolution to a stand-off holding up Comcast's CMCSA planned bid for...
- News items 2009-11-19
- Lloyds Prices £13.5 Billion Rights Issue
- By Clara Ferreira-MarquesLONDON (Reuters UK) - Lloyds Banking Group Plc LLOY pushed ahead with the world's largest rights issue on Tuesday, setting a price of 37 pence per share as it taps shareholders for 13.5 billion pounds to avoid costly state support.The new shares were priced at a 60 percent...
- News items 2009-11-24
- China's Olympics: A Billion Bucks for a Billion Customers?
- China's Olympics: A Billion Bucks for a Billion Customers?A Billion Bucks for who?I think you make a interesting point in your example about drinking more Cokes. It may be opinion that the Chinese may somehow become more benign and democratic - or not. This point is irrelevant though....
- Discussion threads 2008-08-19
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