Tag: bailout
The Millionaire Class: Most New U.S. Senators are Rich
by Danny King on Mar.09, 2011, under Towing
Approximately 60% of first-year U.S. senators and 40% of House of Representatives freshmen are worth at least $1 million, according to the Center for Responsive Politics. That makes them far richer than most of the Americans they represent: Just 1% of the country’s population has reached the $1 million mark.
Continue reading The Millionaire Class: Most New U.S. Senators are Rich
The Millionaire Class: Most New U.S. Senators are Rich originally appeared on DailyFinance on Wed, 09 Mar 2011 18:30:00.
Filed Under: Pfizer, Citigroup, Merck, Wells Fargo & Co
General Motors Withdraws $14 Billion Federal Loan Application
by David Schepp on Jan.27, 2011, under Towing
Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.
Continue reading General Motors Withdraws $14 Billion Federal Loan Application
General Motors Withdraws $14 Billion Federal Loan Application originally appeared on DailyFinance on Thu, 27 Jan 2011 15:21:00.
Filed Under: Company News, Economy, Ford Motor Co, General Motors, Autos
Paulson & Co. Clears $1 Billion on Citigroup Shares
by Danny King on Jan.24, 2011, under Towing
Hedge fund manager John Paulson told Paulson & Co. clients that the company made more than $1 billion during the past 18 months on its investment in Citigroup, Bloomberg News reported, citing Paulson’s letter to clients this month.
Continue reading Paulson & Co. Clears $1 Billion on Citigroup Shares
Paulson & Co. Clears $1 Billion on Citigroup Shares originally appeared on DailyFinance on Mon, 24 Jan 2011 15:25:00.
Filed Under: Company News, Economy, People, Investing, Citigroup, Investment
No Longer the ‘Big Three,’ but Detroit’s Automakers Have Stopped Shrinking
by David Schepp on Jan.21, 2011, under Towing
With U.S. automotive dominance waning, a new moniker has emerged: the “Detroit Three.” Still, don’t count out Ford, GM or Chrysler. Their post-recession future looks strong, thanks to some agonizing restructuring. Now, they can be profitable selling fewer cars.
Continue reading No Longer the ‘Big Three,’ but Detroit’s Automakers Have Stopped Shrinking
No Longer the ‘Big Three,’ but Detroit’s Automakers Have Stopped Shrinking originally appeared on DailyFinance on Fri, 21 Jan 2011 10:45:00.
Filed Under: Company News, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos, Chrysler
AIG’s Nan Shan Life Insurance Unit Attracts Multiple Buyout Bids
by Dawn Kawamoto on Jan.05, 2011, under Towing
AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.
Continue reading AIG’s Nan Shan Life Insurance Unit Attracts Multiple Buyout Bids
AIG’s Nan Shan Life Insurance Unit Attracts Multiple Buyout Bids originally appeared on DailyFinance on Wed, 05 Jan 2011 11:00:00.
Filed Under: Company News, American International Group, Insurance, Biz Brief
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