AIG Announces Divestment of 2 Life Insurance Units to Reduce Debt to Federal Reserve Bank of New York by USD 25B, Units Positioned for IPOs
IMF Sees Ireland’s Economy Contracting 13.5% Between 2008 and 2010, Irish Banks Likely to Face Losses of Up to EUR 35B Through 2010
BP Plc Appoints Ericsson CEO Carl-Henric Svanberg as New [...]
Obama to Detail Financial Regulations Reform Plan, Creation of New Watch Dog Agency Expected
UK Jobless Rate Rise to 7.2% the Highest Since July 1997, Still less than Economist Forecasts
Japan’s Government and Central Bank Raises Evaluation of the Economy for Second Month After Exports Improve and Industrial Production Advance at the Fastest Pace in 56 [...]
Russia Raises Global Reserve Currency Issue, China Extends USD 10B Credit Support to Central Asain States at First BRIC Summit
General Motors Corp Reaches Deal to Sell Saab Brand to Koenigsegg, Includes USD 600mm Funding from the European Investment Bank
German Investor Confidence Jumps to 3-Year HI of 44.8 in June on Signs that the Country’s Worst [...]
US Treasury to Announce Approval for 10 US Banks including JPMorgan Chase & Co, American Express Co to Repay TARP Funds
Bank of America Corp Announces Resignation of Two More Board Members
Fiat SpA Will Not Abandon Efforts to Buy Chrysler LLC after US Supreme Court Delays Deal
Royal Dutch Shell Chief Executive Officer Calls for Compensation Reforms [...]
General Motors Corp Reaches Preliminary Agreement to Sell Saturn to Penske Automotive Group
Apple Inc Chief Executive, Steve Jobs On-Track to Return to Company as it Unveils New iPhone
US Unemployment Report for May to be Released at 7:30 am, Unemployment Rate Forecasted at 9.2%
US Regulators Dismiss Objections from JPMorgan Chase & Co, American Express Co Insisting [...]
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Also tagged American Express, General Motors, JPMorgan Chase, New iPhone, Overnight Market News, Overnight Markets, Penske Automotive Group, Saturn, Steve Jobs, TARP Money, US Unemployment Report
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Italy’s Fiat SpA Abandons Talks Regarding the Future of Opel in Berlin, Says German Gov’t “Unreasonable”
Japan’s Factory Output Increased 5.2% in April, Biggest Monthly Gain in Over 50 Years, Manufacturers Expect Further Gains Ahead
Eurozone Inflation Rate at Record LO of 0.0% in May Inducing Concern that Deflation is Imminent
India’s Economic Growth Slowed to Annual Rate [...]
BankUnited Financial Corp Fails, to Cost US Federal Deposit Insurance Corp Approximately USD 4.9B
UK Gross Domestic Product (GDP) Contracts 1.9% in Q01 2009 on Record Declines in Consumer Spending and Production
Bank of Japan Upgrades Economic Outlook, Holds Key Interest Rate Unchanged
British Airways Plc Posts Record Annual Net Loss of GBP 375mm vs Net Income of [...]
Standard & Poor’s Downgrades UK’s Rating Outlook to Negative from Stable on Concerns of Growing Debt Burden
GMAC Llc to Receive Over USD 7B in US Government Aid for Auto Financing
Fifth Third Bancorp Plans USD 750mm Stock Offer to Plug Capital Shortfall
Computer-Maker, Lenovo Group Ltd Reports Record Fourth Quarter Net Loss of USD 264mm vs Net [...]
Bank of America Corp Raises 13.47B from Share Sale After Stress Tests
Obama Administration Said to Consider Removing Some Duties from Securities and Exchange Commission (SEC), Giving Fed More Authority
Hewlett-Packard Co Quarterly Earnings Fall 17% Beating Expectations, Still Cuts Full-Year Outlook and Reduces Workforce by 6,400
Japan’s Economy Plunges by Record 4% (15.2% Annual Pace) for First [...]
US Banks Including Goldman Sachs Group Inc, Morgan Stanley Apply to Repay TARP Funds
American Express Co to Cut 4,000 Jobs or 6% of Workforce As More Customers Default in Slumping Economy
World Bank Says Pace of Global Economic Contraction Slowing, Recovery Could Begin at End of 2009
Mobile Phone Company Vodafone to Accelerate GBP 1B Cost-Cutting Plan
Mitsubishi [...]