Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.
Two months ago President Obama stood with other Group of 20 nations' leaders in London and pledged not to introduce protectionist measures in the global economic crisis.
The flagship U.S. program to revive consumer and small business lending picked up pace in June, showing investors have grown more comfortable with taking part in the government initiative and appetite for risk has increased across all markets.
Batteries maker Valence Technology Inc. is applying for $225 million from federal funds to build a plant in Leander, Texas for the manufacturing of battery packs for electric vehicles, the firm announced last week.
JPMorgan Chase & Co. took the lead among financial institutions to raise at least $8.7 billion after the Federal Reserve imposed additional capital requirements on banks seeking to repay government aid received.
U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.
Clinton-era Securities and Exchange Commission Chairman Arthur Levitt has signed on as an advisor to Goldman Sachs Group Inc , the Wall Street firm said on Tuesday.
Pending sales of previously owned U.S. homes shot up by 6.7 percent in April, the biggest monthly gain in 7-1/2 years, according to a report on Tuesday that buttressed views the U.S. recession was easing.
MillerCoors, the second-largest brewer in the United States, sees beer sales growth slowing less rapidly in the downturn than wine and spirits and as the beermaker focuses on premium light and craft beers.
Pending sales of previously owned U.S. homes shot up by 6.7 percent in April, the biggest monthly gain in 7-1/2 years, according to a report on Tuesday that buttressed views the U.S. recession was easing.
General Motors Corp said on Tuesday it reached a tentative deal to sell its Hummer brand to a privately held Chinese company, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.
U.S. lawmakers on Wednesday will open a debate that has stymied them for at least a decade: the future of Fannie Mae and Freddie Mac, the giant housing finance agencies nearly felled by the credit crisis.
Stocks rose for a fourth straight day on Tuesday as an upbeat report on home sales bolstered hopes for an economic recovery as well as shares in construction companies.
The number of customers who don’t buy personal computers directly from PC makers will continuously increase over the next four years, forcing manufacturers to do a better job of customer segmentation and go-to-market strategies, research firm Gartner Inc. said on Tuesday.
U.S. Supreme Court nominee Sonia Sotomayor sought to answer critics on Tuesday with a vow to follow the law ultimately and completely, and a key senator said he wanted confirmation hearings next month so she can rebut what he called unfounded charges of racism.
U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.
Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.
General Motors filed the largest bankruptcy of any industrial company in US history this Monday, and alongside it, unveiled plans to close more dealerships, factories, and support services across the nation.
Atlanta based Delta Air Lines Inc. has postponed indefinitely its long-awaited inaugural flight Kenya and Liberia after the Department of Homeland Security told the carrier more time would be needed to approve the carriers request.
Data suggests that the U.S. ban on short selling of financial stocks in 2008 did not impact stock prices, the chief executive of exchange operator Nasdaq OMX Group Inc told business leaders on Tuesday.
U.S. Energy Secretary Steven Chu announced Tuesday that his agency will grant nearly $50 million from the government’s economic stimulus package funds to advance commercial deployment of geothermal heating pumps.
