Word: thursdays
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From his earliest days as Treasury Secretary, Tim Geithner's biggest challenge has been restoring confidence in America's fragile banks without taking the politically costly step of asking Congress for more money. To judge by the results of the government-run stress tests released Thursday afternoon, Geithner has somehow pulled it off - at least...
Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests "will allow, I hope, for greater confidence in the banks." But even though the stress tests are over, the banks and their investors are not out of the woods...
...news of the rights issue, Porsche's shares tumbled 15.2% to $64.28 in early Frankfurt trading on Thursday. The company issued a statement saying the controlling families had discussed "capital measures," but did not elaborate...
...appears that the terms merger and integration are being used interchangeably here. And, because of VW's bylaws alone, we are more than skeptical that the way for a merger can be made clear at all," he said at a conference in Wolfsburg on Thursday...
Afghanistan is in an uproar following U.S. airstrikes that may have killed more than 100 civilians in the western part of the country. Reports from Farah province said that on Thursday a mob of several hundred protesters chanted anti-American slogans and threw rocks outside at provincial governor's office before being disbursed by police gunfire. In Kabul, outraged lawmakers called for new laws to clamp down on foreign military operations. Ahead of talks with President Obama in Washington, Afghan President Hamid Karzai bluntly said the deaths were "unjustifiable and unacceptable...