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earthtimes.org » The Earth Times Online Newspaper - Oct 8, 2008
Washington - The US Federal Reserve announced Wednesday a 50 basis points cut in its federal funds rate, to 1.5 per cent, in a move coming simultaneously with rate cuts by leading banks in Europe. The move comes in a …
earthtimes.org » The Earth Times Online Newspaper - Business News - Oct 7, 2008
Washington - Federal Reserve Chairman Ben Bernanke suggested another interest rate cut was on the way, while the US central bank Tuesday announced fresh moves to unblock credit markets and prevent the US economy from …
earthtimes.org » The Earth Times Online Newspaper - Oct 7, 2008
Washington - Federal Reserve Chairman Ben Bernanke suggested another interest rate cut was on the way, while the US central bank Tuesday announced fresh moves to inject liquidity into the struggling US financial …
earthtimes.org » The Earth Times Online Newspaper - Business News - Oct 6, 2008
New York - In the acquisition scramble for Wachovia bank, Citigroup Monday sued rival Wells Fargo & Co and Wachovia for 60 billion dollars in punitive and compensatorydamages, Citigroup said. The move is the latest …
earthtimes.org » The Earth Times Online Newspaper - Business News - Oct 6, 2008
New York - In the acquisition scramble for Wachovia bank, Citigroup Monday sued rival Wells Fargo & Co and Wachovia for 60 billion dollars in punitive and compensatorydamages, Citigroup said. The move is the latest …
earthtimes.org » The Earth Times Online Newspaper - Business News - Oct 6, 2008
New York - US banking giant Citigroup Inc. announced Monday it is suing Wachovia Corp. for 60 billion dollars in damages and punitive fees after the latter pulled out of a takeover deal. Citigroup's announcement was …
earthtimes.org » The Earth Times Online Newspaper - Oct 6, 2008
San Francisco - Online commerce giant eBay is to fire 10 per cent of its workforce, or about 1,400 workers, the company said Monday. The Silicon Valley internet pioneer also announced that it was acquiring online …
earthtimes.org » The Earth Times Online Newspaper - Oct 6, 2008
New York - A possible compromise in the takeover battle for ailing Wachovia bank was in the making, with the two takeover rivals, Citigroup Inc. and Wells Fargo & Co. considering a deal to divide up the the bank …
earthtimes.org » The Earth Times Online Newspaper - Business News - Oct 5, 2008
Washington - In another surprise development in the takeover race for the fourth-largest US bank, a New York state court judge granted an order Saturday night extending Citigroup's exclusivity agreement with Wachovia …
earthtimes.org » The Earth Times Online Newspaper - Oct 3, 2008
Washington - The US House of Representatives took up a massive financial rescue plan for the second time in a week on Friday, considering a new version passed by the Senate but in a mood of resignation over being put …