January 16th, 2010
JEFFERSON CITY — Foreclosures are running at an all-time high. And few think that will change any time soon.
So what do you do about them?
That was the subject of a conference here Thursday, where dozens of foreclosure counselors and experts from across the state gathered to talk about ways to try to […]
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December 14th, 2009
The Santa Clara Valley Transportation Authority will reduce its operating budget $15 million next year and defer purchase of new buses as it continues to grapple with a $70 million budget deficit over the next two years.
Members of the board of directors of VTA — which provides bus, light rail and paratransit service throughout Santa […]
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December 12th, 2009
Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
In the face of public outrage over Wall Street bonuses, the company said that its 30-member management committee will receive restricted company stock instead.
Goldman Sachs’ (GS, Fortune 500) bonus pool is currently on track to hit $21 billion […]
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December 6th, 2009
His neck turns red. His cheeks become flushed. Frank Stronach is close to erupting again in another row over one of his ideas.
The physical changes are cues for anyone else to leave the room. Come back later. Fight another day. Perhaps.
The entrepreneurial atmosphere can get hot and heavy behind closed doors at the elegant headquarters […]
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November 5th, 2009
A voluntary recall was announced Monday for more than half a million pounds of ground beef because it may be contaminated with bacteria linked to at least two deaths, officials said.
Fairbank Farms of Ashville, New York, said the recall was issued Saturday for approximately 545,699 pounds of ground beef produced between September 14 and […]
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November 2nd, 2009
More than $500 million has been returned to the victims of Ponzi schemer Bernard Madoff, according to the trustee in charge of recovering stolen assets.
Irving Picard, the court-appointed trustee in charge of recovering and distributing assets, said Wednesday that the Securities Investor Protection Corp. (SIPC) has turned over $534.25 million to 1,558 investors in […]
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October 26th, 2009
Malaysia cut income tax for a second straight year, aiming to spur consumer spending and private investment and help the economy recover from a recession.
The top personal tax rate will be reduced to 26 percent in 2010 from 27 percent, Prime Minister Najib Razak said in his budget speech in Kuala Lumpur yesterday. […]
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October 9th, 2009
The U.S. government ended its 2009 fiscal year with a deficit of $1.4 trillion, the biggest since 1945, the Congressional Budget Office reported.
The deficit amounted to 9.9 percent of the nation’s economy, triple the size of the shortfall for 2008.
The nonpartisan CBO said yesterday the government was squeezed on both sides of […]
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October 5th, 2009
Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.
The IMF, which has lent more than $50 billion to countries around the world this year, says it needs more resources to oversee the recovery of the […]
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September 15th, 2009
Bank of America Corp. Chief Executive Officer Kenneth Lewis told investors in Japan his “optimistic side is coming back” and the U.S. economy may rebound more rapidly than expected.
“There is a potential for a rebound that beats the forecasts,” Lewis said in a speech prepared for a Bank of America Merrill Lynch conference […]
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