Archive for May 4th, 2009
Corporate tax crackdown just a start
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Cloud computing is for the birds
Thinking of floating your small business on the software-as-a-service cloud? Maybe it’s time to step back down to Earth.
Chrysler seeking quick fix for bankruptcy
Chrysler LLC is seeking a quick resolution to its bankruptcy filing so it can move ahead with its merger.
Dollar eases against rivals
The dollar slipped against a basket of currencies Monday as signs the U.S. economy is stabilizing bolstered the market’s appetite for risk.
Stocks surge on recovery hopes
Wall Street rose Monday, pushing the major gauges to multi-month highs, as a better-than-expected housing market report intensified hopes that the economy is closer to stabilizing.
Bankers see more losses ahead
Bankers are bracing for additional losses this year across a wide variety of loan categories, according to a report published Monday by the Federal Reserve, as the nation continues to suffer under the weight of a painful recession.
Chrysler to lose $4.7B this year
Chrysler LLC expects to lose $4.7 billion this year and to continue to lose money for the next two years, according to a filing from one of the company’s top financial advisers.
Oil settles above $54
Oil prices rose Monday as investors responded to better-than-expected readings on pending home sales and construction spending.
Treasurys fall on economic data
Treasurys fell Monday as signs the economy may be stabilizing outweighed concerns about the record amounts of debt coming to the market this week.
Obama plans corporate tax crackdown
President Obama on Monday spelled out his proposals to close corporate tax loopholes on U.S. multinational corporations and crack down on overseas tax havens.
