Archive for November 17th, 2008
Treasury: $33.6 billion to 21 banks
The Treasury Department said Monday that it has dispersed $33.56 billion to 21 banks in a second round of payments as part of the $700 billion bailout program designed to boost the nation’s banking system.
GM delays dealer reimbursements
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Borrowing rates stop rising
After rising for much of last week, key lending rates hit the brakes Monday. Treasurys rose at the beginning of a week that economists expect will deliver a slew of ugly economic indicators.
Stocks dip in rough session
Stocks slipped in a volatile session Monday, as investors eyed Citigroup’s massive job losses and a weak manufacturing report, while awaiting the fate of a potential bailout for the automakers.
Dollar down after G-20 meeting
The dollar ticked lower against major European currencies Monday after the weekend’s G-20 economic summit in Washington failed to impress currency investors.
Treasury gives $33.6B in bailout funds
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Mark Cuban charged with insider trading
Billionaire entrepreneur Mark Cuban, owner of the National Basketball Association’s Dallas Mavericks, was charged Monday by the Securities and Exchange Commission with insider trading.
Congress stalls over $25B auto bailout
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Cuomo: Citi execs must forgo bonuses
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Oil ends at 21-month low
Oil fell on Monday and ended at a 21-month low as fears over the global economic slowdown accelerated on news that Japan officially fell into a recession.
