Topic: Financial Rescue Plans
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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Senate freshmen: What the 14 new members bring to Capitol Hill
A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:
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Election 2012: 12 reasons Obama won and Romney lost
President Obama went into his reelection fight facing significant head winds – most important, high unemployment and slow economic growth. But for a multitude of reasons, including Obama’s positives and Republican challenger Mitt Romney’s negatives, Obama succeeded. Here’s our list.
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Fortune 500: Top 10 companies in 2013
Fortune has released its annual list of the largest corporations in the United States, and there were a few notable changes in this year’s group. Here are the Top 10.
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Fannie Mae record profit: How long until it pays back bailout money?
Fannie Mae, the mortgage giant, made a record $17.2 billion in 2012. So far, it has paid back $36 billion of the $116 billion it received in a US bailout.
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Bank of Cyprus: Big depositors may lose 60 percent
Bank of Cyprus depositors with more than 100,000 euros will get hit with an initial 37.5 percent penalty. Another tax of up to 22.5 percent could be imposed, depending on what the Bank of Cyprus needs to build up its reserves.
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With Cyprus desperate for bailout help, Russia plays hardball
Russia is worried about an economic meltdown on Cyprus, which hosts both Russian corporations and bank accounts. But so far, it has yet to bite on the Cypriot finance minister's offers.
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The Monitor's View: Euro crisis: Why a Cyprus bailout must be seen as 'fair'
As Europe tackles its latest euro crisis, a Cyprus bailout deal must follow the path of being perceived as 'fair.' A tax on small-time savers isn't seen that way.
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Famously corporate-friendly Switzerland set to get tough on CEO pay
Amid widespread anger over huge salaries and golden parachutes, the Swiss public will vote Sunday on an initiative that would give shareholders a say on executive pay.
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Would a bailout for Cyprus mean underwriting dirty money?
Potential creditors in Europe are hesitant to bail out debt-ridden Cyprus as they suspect the country's banking industry may be a haven for money-laundering by Russian oligarchs.
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That didn't take long: AIG decides not to sue US over bailout terms
AIG, which said it had been legally bound to consider the interests of shareholders, appears to have concluded that damage to its public image would outweigh any benefits of joining the suit.
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Donald Marron $1 trillion coin: Should Obama exploit the Treasury's platinum loophole?
A $1 trillion coin could provide an answer to America's debt limit woes. Marron explores how the $1 trillion coin could work, and whether or not President Obama should take advantage of it.
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Robert Reich Want to avoid bailouts? Break up the big banks.
It's time to limit the size of banks and break up the biggest ones on Wall Street, Reich writes.
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AIG, saved by US bailout, now considers suing US government
AIG may join a lawsuit alleging that the terms of the US government bailout were unfair to investors, but such a move risks infuriating the taxpayers whose money saved it from ruin.
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Reasons the House delayed approval of Sandy disaster relief
The House passed, 354 to 67, a $9.7 billion bill to top off the National Flood Insurance Program and help victims of superstorm Sandy. The timing has been delicate for the GOP-controlled House.
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Senate freshmen: What the 14 new members bring to Capitol Hill
A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:
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General Motors to buy back US-owned stake. US to lose billions?
General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
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Stocks move higher as budget talks progress
Stocks rose Monday as signs of fiscal cliff progress in Washington made their way to Wall Street. Stock traders paused for a minute of silence at 9:15 a.m. EST to remember those killed in a gunman's rampage through a Connecticut elementary school.
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Robert Reich Will Timothy Geithner lead us over or around the fiscal cliff?
Timothy Geithner sees the world through the eyes of Wall Street rather than Main Street, Reich writes, which complicates fiscal cliff negotiations.
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Staying afloat: Europe releases more money for Greece
After a 12-hour meeting lasting into the wee hours last night, Greece's creditors agreed to cut its debt and release more bailout funds, staving off yet another Greek bankruptcy.
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Euro officials cut a deal on Greek debt
Eurozone finance ministers agreed to give Greece the next installment of its bailout loan, totaling about $57.8 billion. Greece will soon enter its sixth year of recession.
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Europe debt defaults are poised to rattle stocks
At least five eurozone nations will need to restructure their debts, says a new Citigroup report. Greece will probably leave the eurozone within a year.
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More time or tough love? Eurozone deadlocks over Greece debt deal.
Greece needs its next aid infusion by mid-December. But European finance ministers postponed a deal amid disagreement over how much time Greece should have to pay down debt.
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Home Depot soars, stocks fall in uneven trading
Home Depot earnings beat expectations, sending its stock up 3.6 percent. Despite signal of housing recovery from Home Depot results, 'fiscal cliff' in US and postponement of aid package for Greece drag down broader market.
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Election 2012: 12 reasons Obama won and Romney lost
President Obama went into his reelection fight facing significant head winds – most important, high unemployment and slow economic growth. But for a multitude of reasons, including Obama’s positives and Republican challenger Mitt Romney’s negatives, Obama succeeded. Here’s our list.
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Six points where Mitt Romney and his economic advisers are mostly wrong
Mitt Romney’s economic plan is largely based on a whitepaper written by several “heavyweight” economists. The problem is, it's riddled with fundamental flaws. Here are six points where Mitt Romney and his economic advisers are mostly wrong about what ails the American economy and how to fix it.
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UBS AG cuts jobs. More banks to follow?
UBS AG announced it was cutting up to 10,000 jobs by 2015, part of a plan to downsize investment banking and drop risky trading activities. UBS AG chairman Axel Weber warned that many of the Swiss banking giant's global rivals may have to follow suit.
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Decoder Wire Presidential debate 101: Did Mitt Romney want Detroit to go bankrupt?
Mitt Romney said in the presidential debate that, in effect, Obama followed his plan in calling for Detroit automakers to go bankrupt. But there's a key difference: At the height of the fiscal crisis In 2008, commercial lending was dead, hence the need for government funding.
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