Archive for December 15th, 2009
Fed will hike rates - in 2011
It appears 0% is here for the foreseeable future.
Obama weighs ordering new debt commission
President Barack Obama is seriously considering an executive order to create a bipartisan commission that could weigh sweeping tax increases and spending cuts to try slash the soaring federal deficit, CNN has learned.
House to vote on $167 billion in jobs measures
The House plans to vote Wednesday on measures totaling about $167 billion that would extend the safety net for the unemployed and spur job creation.
Wells Fargo stock offering tops $12 billion
Wells Fargo said it raised more than $12 billion in a stock sale Tuesday as part of a plan to repay $25 billion in government aid.
Wall Street breaks win streak
Bank shares led a late-session selloff Tuesday, breaking Wall Street’s four-session win streak, as investors mulled mixed reports on inflation and manufacturing and opted to step back.
Blinds recall due to strangulation threat
All Roman-style shades and roll-up blinds are being recalled after reports of babies and toddlers dying from strangulation, the federal agency in charge of product safety announced Tuesday — one of the five largest recalls in the agency’s 35-year history.
Plug-in hybrid hype gets zapped
If you want to save big money on fuel and create a cleaner environment by buying a new, hot off the production line plug-in hybrid, you’d better hold your horses.
Oil rallies after a 9-day retreat
Read full story for latest details.
GM to repay bailout loan early
General Motors will pay off a $6.7 billion federal loan by June, well ahead of the deadline for the repayment under terms of the bailout, company CEO Ed Whitacre said Tuesday.
Coca-Cola takes on climate change
Polar bears have been featured in Coca-Cola’s holiday advertising for nearly a century. Last month, Muhtar Kent, the company’s CEO, traveled to the Arctic to see the furry creatures up close.
