GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the st…
The Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation’s economy, media reports indicate. The QE2 plan, designed to boost job cr…
The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been fore…
With just days to go before its anticipated initial public offering of stock, General Motors reported Wednesday that it earned $2 billion in the third quarter, its most profitable this year.
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As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …