AIG to repay NY Fed loan; Opens Door For Sale of Treasury Shares
Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.
Tax cut-fuelled stock rally peters out in late-session trading
A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.
US stocks open higher after tax cut deal
U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
Gold Price Hits New Dollar, Euro and Sterling Records, Silver Very Bullish
The Gold Price held near last night's new record highs for US, Euro and Sterling investors in London trade on Tuesday, recording an AM Gold Fix at $1426 per ounce as world stock markets gained more than 1.5%.
Treasury will try to unload Citigroup shares through IPO
The U.S. Treasury Department said it will attempt to dispose of its remaining common equity stake in Citigroup through an initial public offering (IPO).
Treasury to sell remaining Citigroup stake through offering
The U.S. Department of the Treasury said it plans a public offering of its remaining 2.4 billion shares of Citigroup Inc. (NYSE: C) common stock.
Plenty of praise in the U.S. for South Korean FTA
Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.
Bailout or not, Spain faces years of sacrifice
Despite the recent frenetic declarations by Prime Minister José Luis Rodríguez Zapatero that Spain does not need a bailout, the bond markets strongly disagree with him as traders continue to unload Spanish (as well as Portuguese and Italian) bonds, driving up the financing costs for the nation’s lenders to all-time highs.
US stocks decline on Europe debt concerns
US stocks declined in early trade on Friday as fresh concerns over European debt crisis weighed on sentiment.
Stocks overcome early Irish contagion worries to finish mixed
Stocks finished mixed, but bounced back from early lows on worries that Ireland’s debt crisis could spread to other peripheral euro zone nations, follow a request by the Irish government for a multi-billion euro funding bailout.
Take the other side of govt's trade and buy GM: Cramer
Jim Cramer said investors should purchase newly-privatized General Motors (NYSE:GM) shares because it's a good idea to buy from the federal government whenever it has a privatization up its sleeve.
GM Back On Road with Blockbuster IPO; But Is That Enough?
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
GM's IPO could be the world's largest
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
Paulson reduces exposure to financial holdings
Paulson & Co., the hedge fund managed by John Paulson, reduced its positions in key financial holdings Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC) and Citigroup Inc. (NYSE: C) in the third quarter
ECM deals total $23.3 billion last week: Dealogic
Equity capital market transactions totaled $23.3 billion last week, with 59 deals in the Asia Pacific region in the last week, a report by Dealogic said.
Some ask why financial firms get the love
Rebalancing will also mean moving focus from the financial sector.
Asian Americans increasingly defying the STEM stereotype
Asian Americans are increasingly shifting away from traditional professions in science, technology, engineering, and mathematics (STEM) and into the fields of law and business.