More info…WASHINGTON The U.S. government will exchange up to $25 billion in emergency bailout money it provided Citigroup Inc. for as much as a 36 percent equity stake in the struggling bank, greatly increasing the risks to taxpayers as voter unhappiness …
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Intel RD expansion to create 130 jobs for region - IndependentMORE than [...]
Monthly Archives: February 2009
Citigroup reaches aid deal with government - Daily Times
February 28, 2009 – 10:25 pm
Stanford investment officer to be released on bond (AP via Yahoo! News)
February 28, 2009 – 10:25 pm
More info…The chief investment officer of troubled Stanford Financial Group was expected to be released on $300,000 bond Friday after a court hearing in which she was painted alternately as the scapegoat for a massive fraud and as one of the few people who knows where millions stolen from investors is hidden.
Private Investment Required In [...]
Banks, investment firms trim borrowing from Fed (Washington Post)
February 27, 2009 – 9:10 am
More info…WASHINGTON — Commercial banks and investment firms trimmed borrowing over the past week from the Federal Reserve’s emergency lending program, a modest sign of some easing in credit strains.
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Ex-investment adviser Litwok convicted of fraud (Newsday)A former East Hampton investment adviser who has been embroiled in numerous legal disputes with clients - including comedian [...]
Chief investment officer for Stanford Financial Group arrested on obstruction charge (Canadian Business)
February 27, 2009 – 7:00 am
More info…FBI agents have arrested the chief investment officer of troubled Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing a
Stanford investment exec arrested (Reuters via Yahoo!Xtra News)WASHINGTON (Reuters) - U.S. authorities made the first arrest in the Stanford Financial Group fraud investigation on Thursday, charging Chief Investment Officer Laura Pendergest-Holt with obstruction, the Justice Department [...]
Will Obama be able to fulfill his promises?
February 27, 2009 – 7:00 am
More info…President Obama’s address to Congress was full of lofty promises to make unprecedented investments in government programs, even as he aims to cut the deficit in half by the end of his first term. But it takes more than a proposal to bring about real change. Will Obama be able to meet his goals?
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Despite Growth, Russia Not Immune To Downturn
February 25, 2009 – 11:40 am
More info…In the United States, the financial crisis has been headline news for a year. But for a while in Russia, people could switch on the news and not hear the word ”crisis.” But Russia, like many emerging economies, has been hit hard because of tumbling oil prices and its dependency on foreign investment [...]