In further news involving bailouts, the federal government decided to take full control of the auto lender GMAC by lending it an additional $3.8 billion. This came on the coattails of controversial news concerning the bailed out companies Freddie Mac ...
Deadline Looms over Cable TV Fee Dispute The Fox broadcast network has rejected an offer from Time Warner Cable to submit to binding arbitration in a dispute over fees.Chase Carey, chief operating officer of Fox owner News Corp., says the ...
LOS ANGELES В— Football fans and "American Idol" devotees can breathe a sigh of relief. Fox and Time Warner Cable have reached a deal in principle that will keep the network on the cable provider after Fox threatened to pull ...
THE American food giant stalking Cadbury is preparing to sweeten its hostile £10 billion takeover bid for the British chocolate maker.Irene Rosenfeld, chairwoman and chief executive of Kraft Foods, will raise her offer in the next two weeks in a ...
AIG E-Mail Trail Chronicles Crisis This story was written by Brady Dennis. The probing e-mails came from every direction inside insurance giant American International Group during the summer and fall of 2007, all with the same underlying question:Could Joe Cassano ...
That has been crucial over the course of the past decade and, as things have perhaps gotten worse in the U.S., the notion of greater foreign exposure could be even more important in the next decade.One reader said: "Investing in ...
U.S. Doles Out Final Bank Bailout - $29.3M The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial ...
The Dow Jones Industrial Average closed down 120.5 points, or 1.1%, to 10,428.1. More than half of that selling came in the last minutes of trading. The S&P 500 finished down 11.3 points, or 1%, at 1115.1 and the Nasdaq ...