Switzerland’s UBS (UBS) will not take legal action against former employees for racking up the massive losses on subprime mortgages that left the company needing a bailout.
Kaspar Villiger, the UBS chairman, said that company was looking to the futur…
The government’s efforts to stem the foreclosure crisis may have been hampered by its reliance on Fannie Mae and Freddie Mac, according to a new report.
The two mortgage giants have “a history of profound corporate mismanagement,” and were overly reliant on subcontractors, the report by the Congressional Oversight Panel said.
Private businesses “do not take an oath of office, nor…
Continue reading Report: Treasury Outsourced Foreclosure Bailout
Report: Treasury Outsourced Foreclosure Bailout originally appeared on DailyFinance on Thu, 14 Oct 2010 07:33:00.
Filed Under: Company News, Economy, Real Estate, Taxes, Credit
Yahoo (YHOO) has hired Goldman Sachs Group (GS) to help deal with possible takeover approaches, Bloomberg News reported.
Yahoo has been working with advisers for about two weeks, but has not received any offers, Bloomberg News said.
AOL (AOL), DailyFinance‘s parent company, has discussed a possible bid for Yahoo with private equity firms, according to reports.
In February 2008,…
Continue reading Yahoo Hires Goldman Sachs to Deal With Takeover Bids
Yahoo Hires Goldman Sachs to Deal With Takeover Bids originally appeared on DailyFinance on Thu, 14 Oct 2010 06:46:00.
Filed Under: Company News, Technology, Media, Goldman Sachs , Microsoft, Yahoo, Credit, AOL
A London court ordered the owners of Liverpool Football Club to reverse changes to the club’s board, a move that could allow England’s most successful soccer club to be sold to the group that controls the Boston Red Sox.
Tom Hicks and George Gillett,…
The Obama administration is pushing to extend a temporary tax credit that helped lower the cost of college tuition for more than 12 million students last year.
The American Opportunity Tax Credit expanded the range of the existing Hope Credit to more Americans and covers a greater range of items, including computers and textbooks.
The tax credit is due to expire at the end of this…
Continue reading Obama Administration Pushes Extending College Tax Credit
Obama Administration Pushes Extending College Tax Credit originally appeared on DailyFinance on Wed, 13 Oct 2010 07:22:00.
Filed Under: Company News, People, Taxes, Credit