Word: financees
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The rest of the year in finance will probably be dull. Investors know that banks will lose more money. The government claims, probably correctly, that the stress test results and recommendations for banks to add new capital has guarded against an undercapitalization of the system which could cause another crisis...
Unable to force Piech to give in, Porsche seems to have just run out of time. Its gambit to acquire VW cost Porsche dearly as it piled up a $12 billion mountain of debt to finance stock purchases. With the sports carmaker beginning to struggle under the weight of that...
Privately, some Democrats on Capitol Hill say they fear the negotiations currently underway are drifting. And some on the left are worried that Finance Committee chairman Max Baucus is being too solicitous of the Republicans.
The president's bellicose language underscores the uphill battle the nation has to fight to recover from being the epicenter of swine flu. Following the biggest shutdown in its recent history, the country will gradually get its cogs rolling again Wednesday. But the economic impact of the closures and lost...
Finance Minister Carstens also unveiled an economic recovery plan, promising $1.3 billion in grants, loans and programs to hard-hit sectors. But such funds may not go far in an economy already in recession from the global slowdown. Businesses from the flu-ridden streets of the capital to the golden...