Obama hails bail-out ‘milestone’
US President Obama says Congress approval of his $787bn stimulus plan is a “major milestone” to economic recovery.
February 14, 2009
Lloyds rings alarm on deepening corporate loan woes
LONDON (Reuters) - Lloyds Banking Group’s shock warning about problems at its recently bought HBOS arm has set alarm bells ringing about the gathering pace of corporate loan defaults.
Irish Life says CEO to resign
DUBLIN (Reuters) - Irish Life & Permanent says CEO Denis Casey has informed the company board that he wishes to resign from the group.
How 5 traders survived — and 1 thrived
As our stock-picking contest comes to a close, one player lives up to his Disciplined Investor nickname, besting the market by nearly 50 percentage points in six months.
G7 pledges to avoid protectionism
Finance ministers and central bankers from the Group of Seven industrial democracies meeting in Rome discussed how to tackle the worst global recession in generations without damaging free trade and hurting each other’s economies.
US stimulus clears Congress
The biggest economic stimulus in US history cleared Congress in a victory for President Barack Obama less than a month after he took office. The $787bn package represents the most important legislative effort yet to pull the US out of its continuing recession
U.S. Mortgage Rescue Plan Cheers Some, Angers Others
News that U.S. President Barack Obama is working on a plan to rescue homeowners from problem mortgages before they even miss a payment has pleased some Americans and angered others…. More