Archive for December 10th, 2009
Bank of America dodges a bullet
The Obama administration’s pay czar will outline Friday another round of curbs on executive compensation for companies that took exceptional assistance from the government, but Bank of America won’t be one of them.
Stocks in broad-based rally
Stocks rallied Thursday as investors sorted through a bevy of reports on jobs, housing, net worth and the deficit — and opted to scoop up a variety of shares.
Only about 4% get long-term mortgage help
Only about 4% of troubled borrowers have received long-term help under the Obama administration’s foreclosure prevention program, Treasury officials said Thursday.
Dollar steadies against euro
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Goldman nixes cash bonuses for top execs
Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
Geithner defends AIG bailout
Treasury Secretary Tim Geithner said on Thursday that he had no choice but to pay top dollar to business partners of troubled insurer AIG to avert a deeper financial panic last year.
Treasurys tumble after lackluster 30-year sale
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Auto bailout: 78% spent so far
The U.S. auto industry has spent nearly 78% of the taxpayer funds lent to it by the Treasury Department through the Troubled Asset Relief Fund, according to a report released Thursday by a bailout overseer.
U.S. in red for 14th straight month
The U.S. government rang up a deficit of $120.3 billion in November - the 14th straight month it has spent more than it has taken in.
Is a bonus tax in our future?
The odds aren’t on its side, but a bonus tax could happen in the United States too.
