December 30, 2008
A reported 43 banks recently were recently given monies from the $700 billion allocated in a government rescue plan for financial institutions.
Wired PR News.com – The United States Treasury Department released information on Monday regarding recent recipients of the government bailout funds allocated to financial institutions. As reported by the Associated Press (AP), 43 banks […]
November 20, 2008
Wired PR News.com – The Dow closed at under 8,000 points on Wednesday, worsening fears of an impending deflation for the economy. As reported by the Associated Press (AP), the closing was the lowest for the Dow in five years, with October consumer spending numbers reaching the lowest drop the country has seen in sixty […]
November 11, 2008
World-Estate: The Real Estate market crisis was caused by banks - it’s their job, though News.World-Estate.com
Plenty of Real Estate market experts name “weighted” credit system to be the main reason of market slowdown. Thus if this system would have been “weighted” before, we could have avoided the Real Estate market crisis.
Banks made us spend money […]
November 1, 2008
Wired PR News.com – American Express has been added to the list of large companies that have turned to mass layoffs for cost reduction measures. A reported by the Associated Press, the corporation will cut 7,000 jobs to accommodate for the anticipated financial burdens that lay ahead.
American Express, based in New York, has seen a […]
October 31, 2008
Wired PR News.com — The stock market has continued to show gains as the Friday closings neared, making this week a better one than last for many. As reported by the Associated Press, the market saw more advancements on Friday, which followed a series of high gains earlier in the week, despite discouraging reports on […]
October 31, 2008
EIN News — Will U.S. Banks Be Allowed to Use Billions of Government Money on Dividends? EIN News’ Banking Industry Today Offers Extended News Coverage
WASHINGTON, October 30 /EIN News/ - The stated purpose being to increase lending and inject capital into Main Street, the U.S. bank bailout plan may end up channeling government money into […]
October 29, 2008
There was no one particular factor attributed to the jump for the Dow. WiredPRNews.com
October 28, 2008
WiredPRNews.com — A suspected bank robber in Irving reportedly had a limo waiting when he made his getaway, as reported by NBC 5 News. Cory Eugene Gill was arrested in Oklahoma on Friday after being suspected of robbing Comerica Bank in Irving that morning. According to the report, he was found in Oklahoma around 5:00 […]
October 24, 2008
Top auto makers, Chrysler and General Motors have announced job cuts and other cost cutting initiatives for the companies who have been trying to compensate for the unsteady economy. As reported by the Associated Press, Chrysler LLC will cut 1,825 jobs in their factories and General Motors has plans to make voluntary as well as […]
October 23, 2008
Amidst the financial troubles regarding the misuse of funds by AIG (American International Group) after government bailout assistance, the New York Attorney General has announced that the company will freeze the pay of former Chief Executive Officer (CEO) and other employees within the unit that was the subject of misappropriation allegations, as reported by Reuters. […]
