He’s staying on the offense, accusing Republicans of dragging their feet in Congress just as the economy needs another boost. The president said he hopes his new small-business jobs bill will pass as soon as next week.
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Goolsbee will replace Christina Romer, who is leaving the post to return to teach at the University of California, Berkeley. Already a sitting member of the council, Goolsbee won’t need another Senate vote, sparing the White Ho…
Dubai World, the state-owned conglomerate, reached a deal to restructure about $24.9 billion of liabilities.
Dubai’s government said that Dubai World reached an agreement with more than 99% of its creditors, Reuters reported. In a separate statement, Dubai World said it plans to close the restructuring in “the coming weeks.”
“The agreement formalizes a strong consensus about a fair…
Continue reading Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities
Dubai World Reaches Deal to Restructure $24.9 Billion of Liabilities originally appeared on DailyFinance on Fri, 10 Sep 2010 07:27:00.
Filed Under: Company News, Economy, People, Investing, Real Estate, Taxes, Credit
The Bank of England kept it benchmark rate at a record low 0.5% and maintained its bond purchase program at £200 billion ($309 billion).
The bank, which sets monetary policy for the United Kingdom, has kept rates low to stimulate the recovery i…
A panel of economists cut its forecast for U.S. economic growth for the rest of 2010 for the third month in a row.
The latest Blue Chip Economic Indicators report said that lower-than-expected consumer spending, business investment and private constr…