Daily News Channel
Stock markets in Asia and Europe were reeling Monday amid fresh concerns over the strength of the global banking industry as HSBC announced a huge slump in profits and the U.S. government said it would pump $30 billion into ailing insurance giant AIG. London’s FTSE dropped more than 3 percent in early trading to drop below 3,700 points — a six-year low — with banking stocks leading the slide
A financial analyst who studied public documents about Stanford International Bank for a friend who was considering investing in it said Thursday that it took only a cursory look to determine something was wrong. “It was kind of shocking, but then I began to think about who would actually be looking at this and who should be looking at this,” Alex Dalmady told CNN.
Jeff Wagoner is a bankruptcy attorney in Kansas City, Mo., with the brush-cut hair and clear eyes of a former Navy aviator. From his office in a tower on a hill, he can see miles of prairie and a world of hurt
Business cycles can be fickle, as officials for Tata Motors are discovering. During India’s economic boom, the country’s largest automobile manufacturer burst onto the international stage by acquiring fabled British luxury marques Jaguar and Land Rover for $2.3 billion
It was a night for neon pink bowties and words like "disaster" and "monstrosity." It was not the night, however, to be Paris Hilton, Mike Myers or Uwe Boll.
Earlier this decade, the Chinese began what they called their “Go Out” strategy.
President Obama signed the $787 economic stimulus bill Tuesday in Denver, Colorado.
When Republican Senator Judd Gregg announced on Thursday that he no longer wished to be the Commerce Secretary nominee, he said that the decision was based in part on serious disagreements with the Obama White House over the 2010 census. That night on Fox News, Sean Hannity called Obama’s plans for the census process “the biggest White House power grab ever,” as his guest Karl Rove voiced agreement. The same day, House Republicans declared that the White House had “an unprecedented plan” for the census that “will taint results and open doors to massive waste of taxpayer funds.” It may sound surprising to those who don’t consider the decennial headcount a red-hot political matter, but the census has become the controversial subject of an ongoing power struggle between Democrats and Republicans.
At first, the investment sounded too good to be true to Emiko, a 74-year-old retired elementary school principal. But she ached to grow her retirement fund so she could take any burden or worry away from her two children. So Emiko invested conservatively, only the equivalent of a few hundred dollars at a time