76370 results returned for search: "" category "Business"
NEW YORK (Bloomberg) — General Electric Co.'s debt ratings outlook and those of its GE Capital finance arm were changed to negative from stable by Standard & Poor's, reflecting concern earnings could deteriorate further than previously thought.
The A...
DATE: Dec 19, 2008
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NEW YORK (AP) — One week ago, Ronnie Ambrosino was a millionaire. Now, Ambrosino is among the long list of investors whose fortunes were allegedly wiped out by Bernard Madoff. Like them, she's left hoping for a bailout that might never come.
She plan...
DATE: Dec 19, 2008
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NEW YORK (AP) — GMAC LLC said in a regulatory filing yesterday that about $16.9 billion, or 58 percent, worth of its notes have been tendered as part of a plan to swap $38 billion of debt and amass enough regulatory capital to become a bank holding c...
DATE: Dec 19, 2008
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NEW YORK (AP) — Discover Financial Services said yesterday it returned to profitability during its fiscal fourth quarter, thanks to a legal settlement, but is nevertheless trying to get funding from the government. Its shares rose about 14 percent.
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DATE: Dec 19, 2008
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LONDON (Bloomberg) — Chancellor of the Exchequer Alistair Darling suggested he may cut the charges banks pay to tap the UK Treasury programme to increase their capital levels, saying he's reviewing the matter.
"It's right that we keep those things un...
DATE: Dec 19, 2008
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DETROIT (Bloomberg) — General Motors Corp. peddled Pontiacs for years with the slogan "We Build Excitement". To stay afloat, it's producing fewer thrills — and models.
The company may shrink the Pontiac division to a single model from six following a...
DATE: Dec 19, 2008
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CHICAGO (AP) — 'Twas the week before Christmas and despite all the sales, fewer presents were shipping to shoppers by mail.
This year's dismal holiday shopping season is producing more peril than poetry for merchants hoping to eke out a profit, even ...
DATE: Dec 19, 2008
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LONDON (AP) — British auto manufacturers stepped up pressure on Prime Minister Gordon Brown's government to deliver an industry bailout package on Thursday as a report revealed that car production slumped by a third in November.
The Society of Motor ...
DATE: Dec 19, 2008
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NEW YORK (Bloomberg) — US prosecutors may appeal the two-year prison sentence imposed this week on Ronald Ferguson, the former chief executive officer of General Reinsurance Corp., for helping American International Group Inc. deceive shareholders.
F...
DATE: Dec 19, 2008
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TORONTO (Reuters) - The Canadian dollar could check out of a dismal year on an upswing and even get off to a strong start in 2009, supported by prospects for a domestic economy that appears stronger than its peers.
While Canada has joined many Europe...
DATE: Dec 19, 2008
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